Asia-Pacific: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Asia-Pacific

The Asia-Pacific motorcycle and bicycle market rose sharply to $X in 2023, increasing by X% against the previous year. Overall, consumption recorded resilient growth. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Motorcycle And Bicycle Production in Asia-Pacific

In value terms, motorcycle and bicycle production expanded to $X in 2023 estimated in export price. The total production indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Motorcycle And Bicycle Exports

Exports in Asia-Pacific

In 2023, overseas shipments of motorcycles and bicycles decreased by X% to X units, falling for the second year in a row after five years of growth. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, motorcycle and bicycle exports reduced to $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

China dominates exports structure, recording X units, which was approx. X% of total exports in 2023. It was distantly followed by India (X units), comprising a X% share of total exports. Japan (X units), Taiwan (Chinese) (X units), Cambodia (X units), Indonesia (X units) and Vietnam (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and bicycles. At the same time, Vietnam (X%), Indonesia (X%), India (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycle and bicycle supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, motorcycle and bicycle exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, dropping by X% against the previous year. Export price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, motorcycle and bicycle export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports in Asia-Pacific

Motorcycle and bicycle imports skyrocketed to X units in 2023, increasing by X% compared with 2022. Over the period under review, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle imports fell to $X in 2023. Total imports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The Philippines dominates imports structure, resulting at X units, which was approx. X% of total imports in 2023. It was distantly followed by Japan (X units), generating an X% share of total imports. Indonesia (X units), Pakistan (X units), Vietnam (X units), Thailand (X units), South Korea (X units) and Australia (X units) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the motorcycles and bicycles imports, with a CAGR of X% from 2012 to 2023. At the same time, Australia (X%), Vietnam (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, South Korea (X%), Japan (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Vietnam (X p.p.), Indonesia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Korea (X p.p.), Pakistan (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), Japan ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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, which is down by X% against the previous year. Over the period under review, the import price saw a noticeable setback. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank dramatically in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform