South-Eastern Asia: Motorcycle And Scooter Market 2024

Motorcycle And Scooter Market Size in South-Eastern Asia

The Southeast Asian motorcycle and scooter market expanded remarkably to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Motorcycle And Scooter Production in South-Eastern Asia

In value terms, motorcycle and scooter production rose slightly to $X in 2022 estimated in export price. In general, production saw a temperate expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Motorcycle And Scooter Exports

Exports in South-Eastern Asia

For the eighth consecutive year, South-Eastern Asia recorded growth in shipments abroad of motorcycles and scooters, which increased by X% to X units in 2022. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, motorcycle and scooter exports stood at $X in 2022. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Vietnam represented the key exporter of motorcycles and scooters in South-Eastern Asia, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. Thailand (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price in South-Eastern Asia stood at $X per unit in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per unit in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Motorcycle And Scooter Imports

Imports in South-Eastern Asia

In 2022, approx. X units of motorcycles and scooters were imported in South-Eastern Asia; with an increase of X% compared with the previous year. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, motorcycle and scooter imports stood at $X in 2022. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Philippines prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Malaysia (X units), constituting a X% share of total imports. Thailand (X units), Vietnam (X units) and Cambodia (X units) held a little share of total imports.

The Philippines was also the fastest-growing in terms of the motorcycles and scooters imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%), Cambodia (X%) and Malaysia (X%) displayed positive paces of growth. From 2012 to 2022, the share of the Philippines increased by X percentage points.

In value terms, the Philippines ($X) constitutes the largest market for imported motorcycles and scooters in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Philippines amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price faced a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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