Eastern Europe: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in Eastern Europe

In 2022, after six years of growth, there was significant decline in the East European market for side cars and cycles with non-combustion motors, when its value decreased by X% to $X. In general, consumption, however, enjoyed a strong increase. The level of consumption peaked at $X in 2021, and then contracted significantly in the following year.

Production of Side Cars and Cycles with Non-Combustion Motors in Eastern Europe

In value terms, production of side cars and cycles with non-combustion motors surged to $X in 2022 estimated in export price. In general, production recorded a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Side Cars and Cycles with Non-Combustion Motors

Exports in Eastern Europe

In 2022, overseas shipments of side cars and cycles with non-combustion motors decreased by X% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2021, and then shrank slightly in the following year.

In value terms, exports of side cars and cycles with non-combustion motors skyrocketed to $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Bulgaria (X units), Hungary (X units), the Czech Republic (X units), Poland (X units) and Romania (X units), together recording X% of total export. It was distantly followed by Lithuania (X units), comprising a X% share of total exports. Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Bulgaria ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, saw a noticeable descent. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in overseas purchases of side cars and cycles with non-combustion motors, when their volume decreased by X% to X units. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2021, and then declined significantly in the following year.

In value terms, imports of side cars and cycles with non-combustion motors shrank to $X in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports of reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

Poland (X units) and Russia (X units) were the largest importers of side cars and cycles with non-combustion motors in 2022, finishing at approx. X% and X% of total imports, respectively. Hungary (X units) took the next position in the ranking, followed by the Czech Republic (X units), Romania (X units) and Slovakia (X units). All these countries together held near X% share of total imports. Lithuania (X units) and Bulgaria (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest side car and cycle with non-combustion motor importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), together comprising X% of total imports. Slovakia, Romania, Hungary, Lithuania and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in Eastern Europe amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, saw a pronounced descent. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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