Growing markets for motorcycles in the Philippines

The Philippines has recorded a massive 40.2% growth in the first five months of the year, becoming the fastest growing market in the massive South Asian region according to statistics released by the Asean Automotive Federation.

The Philippines make up 11.3% of the total sales for the region, with 65.6% being made up by the massive Indonesian market, which sold 2.5 million units despite sales declining by 3.8% for the period.

Sales of motorcycles and scooters in the Philippines have increased from 316,728 to 444,062 in the same period between 2015 and 2016 with sales in the region as a whole growing by 0.5% overall.

Along with the sales growth, the Philippines has also seen the largest growth in the production of motorcycles and scooters, with a 26.9% increase for the period which massively overshadows the large 21.1% decline for the rest of the region.

Indonesia and Thailand still lead in the area, between them accounting for 84.2% of the overall sales and 82% of overall production. But with continued growth for the past 3 years in an area of decline for both production and sales, the Philippines could well become the country your next bike is produced in.