Sweden: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Sweden

The Swedish motorcycle and bicycle market shrank to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Motorcycle And Bicycle Production in Sweden

In value terms, motorcycle and bicycle production soared to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Motorcycle and bicycle production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Motorcycle And Bicycle Exports

Exports from Sweden

Motorcycle and bicycle exports from Sweden reduced dramatically to X units in 2023, with a decrease of X% against the previous year's figure. In general, exports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, motorcycle and bicycle exports fell to $X in 2023. Over the period under review, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank in the following year.

Exports by Country

Finland (X units) was the main destination for motorcycle and bicycle exports from Sweden, accounting for a X% share of total exports. Moreover, motorcycle and bicycle exports to Finland exceeded the volume sent to the second major destination, Denmark (X units), threefold. The third position in this ranking was held by Norway (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Norway (X% per year).

In value terms, Finland ($X), Denmark ($X) and Norway ($X) were the largest markets for motorcycle and bicycle exported from Sweden worldwide, together accounting for X% of total exports. Poland, Italy, France and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle and bicycle export price stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the export price enjoyed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Sweden

In 2023, motorcycle and bicycle imports into Sweden reduced notably to X units, with a decrease of X% against the previous year's figure. In general, imports recorded a noticeable reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, motorcycle and bicycle imports contracted markedly to $X in 2023. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then declined dramatically in the following year.

Imports by Country

In 2023, China (X units) constituted the largest supplier of motorcycle and bicycle to Sweden, with a X% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest motorcycle and bicycle suppliers to Sweden were Germany ($X), the Netherlands ($X) and China ($X), together comprising X% of total imports. Belgium, Finland, Denmark, Taiwan (Chinese), Indonesia, Bulgaria, Bangladesh, Turkey, India and Sri Lanka lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the import price recorded strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform