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

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

In 2023, after five years of growth, there was significant decline in the Asia-Pacific market for motorcycles and cycles with an auxiliary motor, when its value decreased by X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then declined in the following year.

Production of Motorcycles and Cycles With an Auxiliary Motor in Asia-Pacific

In value terms, production of motorcycles and cycles with an auxiliary motor expanded to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production of attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports in Asia-Pacific

In 2023, exports of motorcycles and cycles with an auxiliary motor in Asia-Pacific surged to X units, with an increase of X% against 2022. Overall, exports, however, showed a slight decline. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of motorcycles and cycles with an auxiliary motor soared to $X in 2023. Over the period under review, exports, however, continue to indicate a perceptible setback. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

China was the major exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Japan (X units), creating a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and cycles with an auxiliary motor. Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in China stood at X%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price saw a mild descent. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per unit), while Japan totaled $X per unit.

From 2012 to 2023, 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-Pacific

In 2023, purchases abroad of motorcycles and cycles with an auxiliary motor was finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, imports of motorcycles and cycles with an auxiliary motor dropped notably to $X in 2023. In general, imports, however, faced a abrupt slump. 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 2023, imports stood at a somewhat lower figure.

Imports by Country

Myanmar was the major importing country with an import of about X units, which finished at X% of total imports. Cambodia (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%), Australia (X%) and the Philippines (X%). The following importers - French Polynesia (X units) and Indonesia (X units) - each accounted for a X% share of total imports.

Myanmar was also the fastest-growing in terms of the motorcycles and cycles with an auxiliary motor imports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%), Cambodia (X%) and French Polynesia (X%) displayed positive paces of growth. By contrast, the Philippines (X%), Australia (X%) and Japan (X%) illustrated a downward trend over the same period. Myanmar (X p.p.), Cambodia (X p.p.), French Polynesia (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Cambodia ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Indonesia, French Polynesia, Myanmar and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Indonesia, with a CAGR of X%, saw 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

The import price in Asia-Pacific stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform