Thailand: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Thailand

The Thai motorcycle and bicycle market shrank remarkably to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable shrinkage. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Motorcycle And Bicycle Production in Thailand

In value terms, motorcycle and bicycle production contracted to $X in 2022 estimated in export price. In general, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Motorcycle and bicycle production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Motorcycle And Bicycle Exports

Exports from Thailand

In 2022, overseas shipments of motorcycles and bicycles decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, motorcycle and bicycle exports stood at $X in 2022. In general, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X units), Germany (X units) and the United States (X units) were the main destinations of motorcycle and bicycle exports from Thailand, with a combined X% share of total exports. China, Japan, Belgium, Denmark, the Netherlands, Australia, Cambodia, Myanmar, South Korea and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and the United States ($X) were the largest markets for motorcycle and bicycle exported from Thailand worldwide, with a combined X% share of total exports.

Among the main countries of destination, China, 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 average motorcycle and bicycle export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price saw a perceptible expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Germany ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Thailand

After four years of growth, overseas purchases of motorcycles and bicycles decreased by X% to X units in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X units in 2021, and then dropped remarkably in the following year.

In value terms, motorcycle and bicycle imports expanded slightly to $X in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motorcycle and bicycle to Thailand, with a X% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sevenfold. The third position in this ranking was held by Japan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Japan (X% per year).

In value terms, Vietnam ($X), Indonesia ($X) and China ($X) constituted the largest motorcycle and bicycle suppliers to Thailand, together comprising X% of total imports.

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

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The import price 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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