Report Update Apr 1, 2024

Cuba - Motorcycles and Bicycles - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Cuba

In 2021, the Cuban motorcycle and bicycle market decreased by -19.8% to $X, falling for the third year in a row after five years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Motorcycle And Bicycle Production in Cuba

In value terms, motorcycle and bicycle production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild slump. The growth pace was the most rapid in 2016 when the production volume increased by 75% against the previous year. Motorcycle and bicycle production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Motorcycle And Bicycle Exports

Exports from Cuba

Motorcycle and bicycle exports from Cuba stood at X units in 2021, flattening at 2020 figures. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 600% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, motorcycle and bicycle exports shrank dramatically to $X in 2021. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 11,167% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for motorcycle and bicycle exports from Cuba, with a 725% share of total exports. Moreover, motorcycle and bicycle exports to Spain exceeded the volume sent to the second major destination, Guatemala (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +30.0%.

In value terms, Spain ($X) emerged as the key foreign market for motorcycles and bicycles exports from Cuba, comprising 2,144% of total exports. The second position in the ranking was held by Guatemala ($X), with a 34% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +36.5%.

Export Prices by Country

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, waning by -65.8% against the previous year. Overall, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,510%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Cuba

In 2021, supplies from abroad of motorcycles and bicycles increased by 15% to X units, rising for the third year in a row after three years of decline. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 289% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, motorcycle and bicycle imports dropped notably to $X in 2021. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2015 when imports increased by 94% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of motorcycle and bicycle to Cuba, accounting for a 102% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Panama (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.4%.

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to Cuba, comprising 163% of total imports. The second position in the ranking was held by Panama ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +24.6%.

Import Prices by Country

In 2021, the average motorcycle and bicycle import price amounted to $X per unit, waning by -49% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 61% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Panama stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+10.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for motorcycles and bicycles in the world?

The countries with the highest volumes of consumption in 2021 were India, the United States and Pakistan, together accounting for 37% of global consumption. China, the Philippines, Brazil, Germany, Vietnam, the UK, Indonesia, Bangladesh, France and Japan lagged somewhat behind, together comprising a further 29%.

What are the largest producers of motorcycles and bicycles in the world?

China constituted the country with the largest volume of motorcycle and bicycle production, comprising approx. 53% of total volume. Moreover, motorcycle and bicycle production in China exceeded the figures recorded by the second-largest producer, India, threefold. Brazil ranked third in terms of total production with a 3.5% share.

What are the leading suppliers of motorcycles and bicycles to Cuba?

In value terms, China constituted the largest supplier of motorcycles and bicycles to Cuba, comprising 163% of total imports. The second position in the ranking was held by Panama, with a 13% share of total imports.

What are the leading importers of motorcycles and bicycles from Cuba?

In value terms, Spain emerged as the key foreign market for motorcycles and bicycles exports from Cuba, comprising 2,144% of total exports. The second position in the ranking was held by Guatemala $576), with a 34% share of total exports.

What is the average export price for motorcycles and bicycles in Cuba?

In 2021, the average motorcycle and bicycle export price amounted to $421 per unit, declining by -65.8% against the previous year.

What is the average import price for motorcycles and bicycles in Cuba?

In 2021, the average motorcycle and bicycle import price amounted to $322 per unit, shrinking by -49% against the previous year.

This report provides an in-depth analysis of the motorcycle and bicycle market in Cuba. 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 30911100 - Motorcycles, and cycles fitted with an auxiliary motor, with an engine capacity . .50 cm.
Prodcom 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
Prodcom 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine
Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023