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Manila Bulletin devider Business devider Trade & Industry devider Philippine motorcycle production down 16% in January

Philippine motorcycle production down 16% in January

Published Mar 11, 2024 07:12 am

Motorcycle manufacturing in the Philippines registered a significant decline in the first month this year along with the rest of the region where all big producers suffered decreased output, data from the ASEAN Automotive Federation (AAF) showed. 

AAF reported that total motorcycle production in January from was down 12.2 percent to 326,425 units from 371,907 units in January 2023.  

AAF-Jan.jpg

Of the four countries that reported their production data to the AAF, the Philippines suffered a 16.5 percent decline to 103,359 units from 123,786 units in the manufacture of the two-wheeled vehicles. 

Malaysia also incurred the same negative growth rate of 16.5 percent as its output went down to 45,244 units in January 2024 from 54,211 units in the January last year. 

Indonesia, ASEAN’s largest motorcycle producer, reported a 4.1 percent decrease to 627,648 units from 654,685 units. Thailand also registered an 8.3 percent reduction in manufacturing output to 177,822 units from 193,910 units in the same period last year. 

In terms of sales, four ASEAN countries out of five that submitted their sales data, reported negative growth bringing total sales to 336,540 units in January this year from 361,777 units in the first month last year. 

Singapore was the lone country that posted positive growth of 44.3 percent to 1,055 units from only 731 units sold in January 2023.  

The Philippines registered the steepest drop in sales at 11.8 percent to 133,630 units from 151,534 units. The rest reported slight decreases. Indonesia, the biggest market in the region, posted a 3.7 percent decline in sales to 592,658 units from 615,416 units. 

Malaysia’s sales also slightly declined by 4.8 percent to 47,852 units from 50,255 units while Thailand posted a 3.3 percent decrease to 154,003 units from 159,257 units in the same month last year. 

 

 

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