Chile: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Chile

The Chilean motorcycle, scooter and side-car market dropped sharply to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Production of Motorcycles, Scooters and Side-Cars in Chile

In value terms, motorcycle, scooter and side-car production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a slight setback. Motorcycle, scooter and side-car production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Motorcycles, Scooters and Side-Cars

Exports from Chile

In 2022, motorcycle, scooter and side-car exports from Chile surged to X units, rising by X% against the year before. Over the period under review, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, motorcycle, scooter and side-car exports shrank slightly to $X in 2022. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units) was the main destination for motorcycle, scooter and side-car exports from Chile, with a X% share of total exports. Moreover, motorcycle, scooter and side-car exports to Mexico exceeded the volume sent to the second major destination, Bolivia (X units), threefold. The third position in this ranking was held by Peru (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Peru (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for motorcycles, scooters and side-cars exports from Chile, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and the United States (X% per year).

Export Prices by Country

The average motorcycle, scooter and side-car export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Mexico ($X 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 Ecuador (X%), while the prices for the other major destinations experienced a decline.

Imports of Motorcycles, Scooters and Side-Cars

Imports into Chile

In 2022, the amount of motorcycles, scooters and side-cars imported into Chile contracted remarkably to X units, which is down by X% on the year before. In general, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, motorcycle, scooter and side-car imports expanded rapidly to $X in 2022. Overall, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest motorcycle, scooter and side-car supplier to Chile, with a X% share of total imports. Moreover, motorcycle, scooter and side-car imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) and India ($X) were the largest motorcycle, scooter and side-car suppliers to Chile.

Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average motorcycle, scooter and side-car import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

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