Indonesia: ASEAN's Largest Motorcycle Market Through May 2024

According to data from the ASEAN Automotive Federation (AAF), motorcycle sales in Southeast Asia reached 4.31 million units from January to May 2024.

This figure is down 3.4% year-on-year (yoy) compared to the 4.47 million units sold during the same period last year.

It should be noted that the AAF only collects sales data for two-wheeled vehicles from five Southeast Asian countries: Indonesia, Malaysia, the Philippines, Singapore, and Thailand.

As of May 2024, Indonesia remained the largest motorcycle market, with sales of 2.66 million units, representing 61.65% of total regional sales. Despite its dominance, motorcycle sales in Indonesia during this period decreased by 1.8% (yoy).

Thailand ranked second with motorcycle sales of 739,988 units, down 9.2% (yoy). The Philippines followed with 685,314 units, a slight decrease of 0.5% (yoy).

Malaysia sold 223,537 motorcycle units, a significant drop of 12.6% (yoy). Meanwhile, motorcycle sales in Singapore totaled only 5,099 units, down 5% (yoy).

The AAF also reported that motorcycle production in these five Southeast Asian countries reached 4.46 million units from January to May 2024, a decrease of 4.7% (yoy).

Indonesia remained the largest producer with 2.86 million units, followed by Thailand with 837,975 units, the Philippines with 544,028 units, and Malaysia with 217,271 units.