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India - Motorcycles and Bicycles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotorcycle and Bicycle Price in India - 2023
Contents:
- Motorcycle and Bicycle Price in India (FOB) - 2023
- Motorcycle and Bicycle Price in India (CIF) - 2022
- Motorcycle and Bicycle Exports in India
- Motorcycle and Bicycle Imports in India
Motorcycle and Bicycle Price in India (FOB) - 2023
The average motorcycle and bicycle export price stood at $645 per unit in July 2023, with a decrease of -3.2% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices reached the peak figure at $717 per unit in March 2023; however, from April 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($1,361 per unit), while the average price for exports to Mozambique ($60.6 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle and Bicycle Price in India (CIF) - 2022
In 2021, the average motorcycle and bicycle import price amounted to $40 per unit, waning by -56.8% against the previous year. In general, the import price faced a dramatic contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 33% against the previous year. The import price peaked at $2,048 per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Malaysia ($134 per unit) and Bangladesh ($109 per unit), while the price for China ($91 per unit) and Sri Lanka ($99 per unit) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle and Bicycle Exports in India
Motorcycle and bicycle exports from India dropped significantly to 4.7M units in 2022, which is down by -15.7% against the previous year's figure. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 46%. As a result, the exports attained the peak of 5.6M units, and then reduced remarkably in the following year.
In value terms, motorcycle and bicycle exports stood at $3B in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
Export of Motorcycle and Bicycle in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Nigeria | 297 | 311 | 416 | 18.4% | |
Colombia | 221 | 171 | 313 | 19.0% | |
Nepal | 202 | 161 | 288 | 19.4% | |
Mexico | 63.2 | 82.0 | 165 | 61.6% | |
Philippines | 151 | 81.0 | 141 | -3.4% | |
Kenya | 72.3 | 78.3 | 112 | 24.5% | |
Bangladesh | 177 | 94.2 | 110 | -21.2% | |
Democratic Republic of the Congo | 54.1 | 37.4 | 105 | 39.3% | |
Guatemala | 50.6 | 74.4 | 105 | 44.1% | |
Uganda | 57.3 | 59.1 | 98.2 | 30.9% | |
Guinea | 46.6 | 52.4 | 76.9 | 28.5% | |
United Kingdom | 19.0 | 9.1 | 29.1 | 23.8% | |
Mozambique | 9.3 | 9.1 | 12.5 | 15.9% | |
Others | 720 | 658 | 1,045 | 20.5% | |
Total | 2,140 | 1,878 | 3,016 | 18.7% |
Top Export Markets for Motorcycle and Bicycle from India in 2022:
- Nigeria (882.8K units)
- Nepal (777.8K units)
- Colombia (380.8K units)
- Mozambique (235.3K units)
- Uganda (226.2K units)
- Democratic Republic of the Congo (217.0K units)
- Kenya (215.3K units)
- Philippines (174.1K units)
- Mexico (165.5K units)
- Guinea (161.1K units)
- United Kingdom (135.2K units)
- Guatemala (130.7K units)
- Bangladesh (122.4K units)
Motorcycle and Bicycle Imports in India
Motorcycle and bicycle imports into India declined remarkably to 2.3M units in 2022, with a decrease of -44% on 2021. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 727% against the previous year. As a result, imports reached the peak of 4M units, and then dropped dramatically in the following year.
In value terms, motorcycle and bicycle imports fell notably to $94M in 2022. Over the period under review, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 257%. As a result, imports attained the peak of $160M, and then contracted markedly in the following year.
Import of Motorcycle and Bicycle in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 20.4 | 16.9 | 82.4 | 101.0% | |
Sri Lanka | 13.4 | 6.8 | 25.5 | 37.9% | |
Bangladesh | 2.4 | 2.8 | 8.8 | 91.5% | |
Others | 40.7 | 18.3 | 43.4 | 3.3% | |
Total | 77.0 | 44.8 | 160 | 44.1% |
Top Suppliers of Motorcycle and Bicycle to India in 2022:
- China (0.9M units)
- Sri Lanka (0.3M units)
- Bangladesh (0.1M units)
This report provides an in-depth analysis of the motorcycle and bicycle market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30911100 - Motorcycles, and cycles fitted with an auxiliary motor, with an engine capacity . .50 cm.
- Prodcom 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
- Prodcom 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine
- Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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