Southern Asia: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in Southern Asia

The South Asian market for side cars and cycles with non-combustion motors dropped slightly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, posted a significant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Side Cars and Cycles with Non-Combustion Motors in Southern Asia

In value terms, production of side cars and cycles with non-combustion motors fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Side Cars and Cycles with Non-Combustion Motors

Exports in Southern Asia

In 2022, the amount of side cars and cycles with non-combustion motors exported in Southern Asia skyrocketed to X units, growing by X% on 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of side cars and cycles with non-combustion motors skyrocketed to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Sri Lanka (X units) and India (X units) dominates motors structure, together comprising X% of total exports. Bangladesh (X units) followed a long way behind the leaders.

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

In value terms, the largest side car and cycle with non-combustion motor supplying countries in Southern Asia were Sri Lanka ($X), India ($X) and Bangladesh ($X), with a combined X% share of total exports.

Among the main exporting countries, Sri Lanka, with a CAGR of X%, saw 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

In 2022, the export price in Southern Asia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while India ($X per unit) was amongst the lowest.

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

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports in Southern Asia

Imports of side cars and cycles with non-combustion motors dropped markedly to X units in 2022, waning by X% on the previous year. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then contracted markedly in the following year.

In value terms, imports of side cars and cycles with non-combustion motors fell notably to $X in 2022. Overall, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

India was the main importing country with an import of around X units, which finished at X% of total imports. Nepal (X units) took the second position in the ranking, distantly followed by Sri Lanka (X units), Pakistan (X units) and Bangladesh (X units). All these countries together took near X% share of total imports. Maldives (X units) held a little share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%), Nepal (X%), Maldives (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. India (X p.p.), Nepal (X p.p.), Pakistan (X p.p.), Sri Lanka (X p.p.) and Maldives (X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X), Nepal ($X) and Maldives ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Sri Lanka, Bangladesh and Pakistan lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Southern Asia amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, faced a abrupt decline. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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