Colombia - Motorcycles and Scooters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotorcycle and Scooter Price in Colombia - 2022
Contents:
- Motorcycle and Scooter Price in Colombia (CIF) - 2022
- Motorcycle and Scooter Price in Colombia (FOB) - 2022
- Motorcycle and Scooter Imports in Colombia
- Motorcycle and Scooter Exports in Colombia
Motorcycle and Scooter Price in Colombia (CIF) - 2022
The average motorcycle and scooter import price stood at $3,708 per unit in February 2022, with an increase of 21% against the previous month. In general, import price indicated moderate growth from February 2021 to February 2022: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, motorcycle and scooter import price increased by +21.2% against January 2022 indices. The pace of growth was the most pronounced in May 2021 an increase of 62% m-o-m. Over the period under review, average import prices attained the peak figure at $4,608 per unit in August 2021; afterwards, it flattened through to February 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($12,709 per unit), while the price for China ($1,285 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle and Scooter Price in Colombia (FOB) - 2022
In 2022, the average motorcycle and scooter export price amounted to $1,156 per unit, picking up by 18% against the previous year. Overall, the export price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2017 an increase of 55%. As a result, the export price attained the peak level of $2,007 per unit. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($2,009 per unit), while the average price for exports to Venezuela ($1,045 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Motorcycle and Scooter Imports in Colombia
In 2022, the amount of motorcycles and scooters imported into Colombia shrank markedly to 54K units, waning by -93.6% against the previous year's figure. Over the period under review, imports faced a significant contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of 855K units, and then reduced markedly in the following year.
In value terms, motorcycle and scooter imports fell remarkably to $138M in 2022. Overall, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. As a result, imports reached the peak of $750M, and then reduced sharply in the following year.
Import of Motorcycle and Scooter in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 150 | 153 | 323 | 36.3 | -37.7% |
Brazil | 13.7 | 19.7 | 46.4 | 34.1 | 35.5% |
Germany | 8.8 | 5.7 | 9.3 | 17.7 | 26.2% |
Japan | 9.3 | 6.8 | 7.5 | 15.4 | 18.3% |
India | 211 | 165 | 299 | 7.9 | -66.5% |
Indonesia | 7.1 | 5.6 | 15.0 | 3.5 | -21.0% |
Taiwan (Chinese) | 10.8 | 11.1 | 3.4 | N/A | -43.9% |
Others | 22.1 | 19.4 | 46.3 | 23.3 | 1.8% |
Total | 432 | 386 | 750 | 138 | -31.6% |
Top Suppliers of Motorcycle and Scooter to Colombia in 2022:
- Taiwan (Chinese) (undefinedK units)
- China (30.9K units)
- Brazil (11.5K units)
- India (4.9K units)
- Japan (2.4K units)
- Germany (1.3K units)
- Indonesia (1.0K units)
Motorcycle and Scooter Exports in Colombia
In 2022, approx. 10K units of motorcycles and scooters were exported from Colombia; falling by -15.4% compared with the previous year's figure. Over the period under review, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, the exports attained the peak of 12K units, and then contracted remarkably in the following year.
In value terms, motorcycle and scooter exports declined modestly to $12M in 2022. In general, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs at $13M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Motorcycle and Scooter in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 11.4 | 7.1 | 10.0 | 9.7 | -5.2% |
Chile | N/A | 0.3 | 0.8 | 0.6 | 41.4% |
Peru | N/A | 0.2 | 0.4 | 0.4 | 41.4% |
Venezuela | 0.7 | 0.9 | N/A | 0.3 | -24.6% |
Bolivia | N/A | N/A | 0.2 | 0.2 | 0.0% |
Others | 0.4 | 1.3 | 0.2 | 0.4 | 0.0% |
Total | 12.5 | 9.9 | 11.6 | 11.6 | -2.5% |
Top Export Markets for Motorcycle and Scooter from Colombia in 2022:
- Ecuador (8.8K units)
- Chile (0.3K units)
- Peru (0.2K units)
- Bolivia (0.2K units)
- Venezuela (0.2K units)
This report provides an in-depth analysis of the motorcycle and scooter market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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