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Thailand - Motorcycles and Bicycles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotorcycle and Bicycle Price in Thailand - 2023
Contents:
- Motorcycle and Bicycle Price in Thailand (FOB) - 2022
- Motorcycle and Bicycle Price in Thailand (CIF) - 2023
- Motorcycle and Bicycle Exports in Thailand
- Motorcycle and Bicycle Imports in Thailand
Motorcycle and Bicycle Price in Thailand (FOB) - 2022
The average motorcycle and bicycle export price stood at $2,095 per unit in 2021, picking up by 13% against the previous year. Over the period under review, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $2,294 per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($5,426 per unit), while the average price for exports to Myanmar ($211 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle and Bicycle Price in Thailand (CIF) - 2023
In July 2023, the average motorcycle and bicycle import price amounted to $252 per unit, picking up by 19% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 39% m-o-m. Over the period under review, average import prices reached the peak figure at $441 per unit in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($2,011 per unit), while the price for China ($23.3 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+1.8%), while the prices for the other major suppliers experienced a decline.
Motorcycle and Bicycle Exports in Thailand
In 2022, exports of motorcycles and bicycles from Thailand amounted to 1.4M units, increasing by 3.2% against the previous year's figure. The total export volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, motorcycle and bicycle exports expanded sharply to $3.2B in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Motorcycle and Bicycle in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 146 | 372 | 484 | 82.1% | |
United States | 239 | 197 | 424 | 33.2% | |
United Kingdom | 245 | 235 | 369 | 22.7% | |
Japan | 114 | 179 | 280 | 56.7% | |
Netherlands | 118 | 96.9 | 134 | 6.6% | |
Philippines | 29.4 | 25.6 | 51.2 | 32.0% | |
Myanmar | 145 | 143 | 48.2 | -42.3% | |
Brazil | 27.2 | 23.4 | 41.5 | 23.5% | |
Vietnam | 58.9 | 44.1 | 37.2 | -20.5% | |
Cambodia | 48.6 | 24.5 | 34.4 | -15.9% | |
Iran | 4.3 | 16.7 | 22.4 | 128.2% | |
Germany | 10.1 | 11.8 | 15.5 | 23.9% | |
Denmark | 4.7 | 4.4 | 12.8 | 65.0% | |
Others | 526 | 637 | 967 | 35.6% | |
Total | 1,717 | 2,010 | 2,921 | 30.4% |
Top Export Markets for Motorcycle and Bicycle from Thailand in 2022:
- Myanmar (228.4K units)
- United Kingdom (225.9K units)
- United States (161.6K units)
- Japan (121.7K units)
- China (89.2K units)
- Cambodia (82.6K units)
- Germany (64.3K units)
- Iran (59.7K units)
- Netherlands (58.1K units)
- Brazil (56.8K units)
- Vietnam (50.3K units)
- Philippines (49.6K units)
- Denmark (48.5K units)
Motorcycle and Bicycle Imports in Thailand
After three years of growth, purchases abroad of motorcycles and bicycles decreased by -18.7% to 1.4M units in 2022. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year. Imports peaked at 1.8M units in 2021, and then dropped dramatically in the following year.
In value terms, motorcycle and bicycle imports expanded rapidly to $455M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Motorcycle and Bicycle in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Indonesia | 143 | 134 | 152 | 3.1% | |
Vietnam | 59.1 | 80.8 | 142 | 55.0% | |
China | 49.9 | 54.4 | 65.7 | 14.7% | |
Japan | 61.9 | 25.9 | 20.4 | -42.6% | |
Others | 24.2 | 20.3 | 31.5 | 14.1% | |
Total | 338 | 316 | 411 | 10.3% |
Top Suppliers of Motorcycle and Bicycle to Thailand in 2022:
- China (1587.1K units)
- Vietnam (163.9K units)
- Japan (98.9K units)
- Indonesia (95.9K units)
This report provides an in-depth analysis of the motorcycle and bicycle market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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During the period analyzed, Motorcycle and Scooter exports reached unprecedented levels in 2023 and are projected to continue growing in the near future. The export value for Motorcycle and Scooter fell to $2.9B in 2023.
Motorcycle and Scooter exports reached a peak in 2023 and are expected to continue growing steadily. However, the export value contracted to $2.9B in the same year.
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