Asia: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Asia

The Asian market for motorcycles and cycles with an auxiliary motor skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a slight reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Asia

In value terms, production of motorcycles and cycles with an auxiliary motor reached $X in 2022 estimated in export price. In general, production, however, saw a noticeable reduction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports in Asia

In 2022, after five years of growth, there was significant decline in shipments abroad of motorcycles and cycles with an auxiliary motor, when their volume decreased by X% to X units. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor fell dramatically to $X in 2022. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporter of motorcycles and cycles with an auxiliary motor in Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Japan (X units), achieving a X% share of total exports.

China was also the fastest-growing in terms of the motorcycles and cycles with an auxiliary motor exports, with a CAGR of X% from 2012 to 2022. Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycles and cycles with an auxiliary motor supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Japan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports in Asia

In 2022, purchases abroad of motorcycles and cycles with an auxiliary motor decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor declined markedly to $X in 2022. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units), Cambodia (X units), the United Arab Emirates (X units) and Kazakhstan (X units) was the key importer of motorcycles and cycles with an auxiliary motor in Asia, committing X% of total import. Iraq (X units) held the next position in the ranking, followed by the Philippines (X units). All these countries together took near X% share of total imports. Azerbaijan (X units), Indonesia (X units), Myanmar (X units), Afghanistan (X units), Lebanon (X units), Kuwait (X units) and Vietnam (X units) held a relatively small share of total imports.

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

In value terms, Japan ($X) constitutes the largest market for imported motorcycles and cycles with an auxiliary motor in Asia, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Cambodia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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