Malaysia: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Malaysia

In 2022, the Malaysian motorcycle, scooter and side-car market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption showed resilient growth. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Motorcycles, Scooters and Side-Cars in Malaysia

In value terms, motorcycle, scooter and side-car production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Motorcycle, scooter and side-car production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Motorcycles, Scooters and Side-Cars

Exports from Malaysia

For the third year in a row, Malaysia recorded decline in overseas shipments of motorcycles, scooters and side-cars, which decreased by X% to X units in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, motorcycle, scooter and side-car exports stood at $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for motorcycle, scooter and side-car exports from Malaysia, with a X% share of total exports. Moreover, motorcycle, scooter and side-car exports to Singapore exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Vietnam (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Vietnam (X% per year).

In value terms, Singapore ($X), the United States ($X) and Taiwan (Chinese) ($X) were the largest markets for motorcycle, scooter and side-car exported from Malaysia worldwide, together accounting for X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle, scooter and side-car export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price enjoyed slight growth. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles, Scooters and Side-Cars

Imports into Malaysia

In 2022, supplies from abroad of motorcycles, scooters and side-cars increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports showed strong growth. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, motorcycle, scooter and side-car imports surged to $X in 2022. Over the period under review, imports recorded a moderate expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Indonesia (X units) and Vietnam (X units) were the main suppliers of motorcycle, scooter and side-car imports to Malaysia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle, scooter and side-car suppliers to Malaysia were Indonesia ($X), China ($X) and Thailand ($X), together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motorcycle, scooter and side-car import price amounted to $X per unit, declining by X% against the previous year. In general, the import price saw a pronounced downturn. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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