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Singapore - Motorcycles and Scooters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotorcycle and Scooter Price in Singapore - 2022
Contents:
- Motorcycle and Scooter Price in Singapore (CIF) - 2022
- Motorcycle and Scooter Price in Singapore (FOB) - 2022
- Motorcycle and Scooter Imports in Singapore
- Motorcycle and Scooter Exports in Singapore
Motorcycle and Scooter Price in Singapore (CIF) - 2022
The average motorcycle and scooter import price stood at $5,801 per unit in September 2022, increasing by 3% against the previous month. Over the period under review, import price indicated moderate growth from September 2021 to September 2022: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, motorcycle and scooter import price decreased by -29.9% against May 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 50% against the previous month. Over the period under review, average import prices attained the peak figure at $8,277 per unit in May 2022; afterwards, it flattened through to September 2022.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Japan ($12,219 per unit), while the price for Vietnam ($2,942 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle and Scooter Price in Singapore (FOB) - 2022
The average motorcycle and scooter export price stood at $5,186 per unit in 2022, dropping by -14.2% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle and scooter export price decreased by -38.7% against 2016 indices. The growth pace was the most rapid in 2013 when the average export price increased by 51%. The export price peaked at $8,462 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($13,360 per unit), while the average price for exports to Thailand ($298 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle and Scooter Imports in Singapore
In 2022, after two years of decline, there was significant growth in supplies from abroad of motorcycles and scooters, when their volume increased by 11% to 16K units. Over the period under review, imports, however, saw a deep contraction. Over the period under review, imports reached the peak figure at 30K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, motorcycle and scooter imports dropped to $76M in 2022. In general, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at $139M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Motorcycle and Scooter in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 27.9 | 18.4 | 16.5 | 17.3 | -14.7% |
Japan | 18.5 | 16.5 | 13.2 | 13.2 | -10.6% |
United States | 49.3 | 21.0 | 19.1 | 9.5 | -42.2% |
Thailand | 9.5 | 4.7 | 5.1 | 6.3 | -12.8% |
Austria | 7.7 | 5.5 | 5.4 | 6.2 | -7.0% |
India | 4.1 | 3.1 | 2.0 | 4.0 | -0.8% |
Vietnam | 1.8 | 2.3 | 2.6 | 3.4 | 23.6% |
China | 4.7 | 1.4 | 0.8 | 2.3 | -21.2% |
Others | 15.4 | 12.6 | 12.5 | 13.4 | -4.5% |
Total | 139 | 85.5 | 77.1 | 75.7 | -18.3% |
Top Suppliers of Motorcycle and Scooter to Singapore in 2022:
- Indonesia (7.0K units)
- Japan (1.8K units)
- India (1.7K units)
- Vietnam (1.5K units)
- Thailand (1.2K units)
- Austria (0.8K units)
- China (0.7K units)
- United States (0.5K units)
Motorcycle and Scooter Exports in Singapore
In 2022, approx. 6.8K units of motorcycles and scooters were exported from Singapore; dropping by -11.8% compared with the year before. Over the period under review, exports recorded a dramatic curtailment. Over the period under review, the exports reached the peak figure at 16K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, motorcycle and scooter exports dropped significantly to $35M in 2022. In general, exports faced a dramatic curtailment. Over the period under review, the exports reached the maximum at $104M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Motorcycle and Scooter in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 10.3 | 10.3 | 11.9 | 13.8 | 10.2% |
Malaysia | 5.3 | 1.4 | 5.5 | 5.6 | 1.9% |
China | 19.5 | 4.6 | 1.6 | 4.7 | -37.8% |
Taiwan (Chinese) | 6.8 | 9.9 | 4.2 | 3.5 | -19.9% |
Hong Kong SAR | 3.3 | 4.5 | 1.7 | 1.9 | -16.8% |
Brunei Darussalam | 0.8 | 1.4 | 1.1 | 1.3 | 17.6% |
Thailand | 5.4 | 3.3 | 1.4 | 0.7 | -49.4% |
Philippines | 2.6 | 1.5 | N/A | 0.1 | -66.2% |
South Korea | 37.3 | 25.2 | 13.6 | 0.1 | -86.1% |
Others | 12.6 | 6.6 | 5.5 | 3.5 | -34.8% |
Total | 104 | 68.7 | 46.5 | 35.2 | -30.3% |
Top Export Markets for Motorcycle and Scooter from Singapore in 2022:
- Thailand (2383.0 units)
- Indonesia (1107.0 units)
- Malaysia (873.0 units)
- Taiwan (Chinese) (731.0 units)
- China (353.0 units)
- Brunei Darussalam (313.0 units)
- Hong Kong SAR (281.0 units)
- South Korea (18.0 units)
- Philippines (8.0 units)
This report provides an in-depth analysis of the motorcycle and scooter market in Singapore. 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 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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