ASEAN 5 countries’ Jan-Jun 2023 motorcycle sales up 15.8% to 6.53 million units
Motorcycle sales in the five ASEAN countries (Indonesia, Vietnam, Thailand, the Philippines and Malaysia) increased by 15.8% year-on-year to 6.534 million units in the first six months of 2023. By country, Indonesia, Thailand and the Philippines saw an increase in sales, while Vietnam and Malaysia experienced a decline in sales, resulting in a clear and sharp division.
Indonesia led the growth in ASEAN sales, with a 42.5% year-on-year increase to 3.202 million units, mainly due to the normalisation of supply as a result of the easing of the semi-conductor shortage. Meanwhile, in Vietnam, where motorcycle sales recovered to 3 million units in 2022, sales fell by 13.2% year-on-year to 122.4 units due to weak external demand for smartphones and other electronic equipment, a key export product, and a lack of momentum in the domestic economy.
In the second half of 2023, motorcycle sales are expected to fall compared to the first half of the year due to high sales in the first half of the previous year, lack of momentum in external demand from China, Europe, the US and other countries, and the absence of an increase in commodity prices that would affect the economy.
In addition to the latest sales, production and export trends in major motorcycle market countries such as ASEAN and India, the report also provides information on each country’s electric motorcycle policies and market and industry trends. Amid growing uncertainty about the global economy and overseas conditions, this report can be used as a tool to gain a bird’s-eye view of the current situation in the major motorcycle production and market countries and to look ahead to the future.