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

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

The Ecuadorian motorcycle, scooter and side-car market soared to $X in 2022, picking up by X% against the previous year. In general, consumption recorded a buoyant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Motorcycles, Scooters and Side-Cars in Ecuador

In value terms, motorcycle, scooter and side-car production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Motorcycles, Scooters and Side-Cars

Exports from Ecuador

For the third consecutive year, Ecuador recorded growth in overseas shipments of motorcycles, scooters and side-cars, which increased by X% to X units in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle, scooter and side-car exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Peru (X units) was the main destination for motorcycle, scooter and side-car exports from Ecuador, accounting for a X% share of total exports. It was followed by Colombia (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to X%.

In value terms, Peru ($X) emerged as the key foreign market for motorcycles, scooters and side-cars exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Peru amounted to X%.

Export Prices by Country

The average motorcycle, scooter and side-car export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Peru stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (X%).

Imports of Motorcycles, Scooters and Side-Cars

Imports into Ecuador

In 2022, supplies from abroad of motorcycles, scooters and side-cars increased by X% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, motorcycle, scooter and side-car imports soared to $X in 2022. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest motorcycle, scooter and side-car supplier to Ecuador, 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), ninefold.

From 2012 to 2022, 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: India (X% per year) and Colombia (X% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles, scooters and side-cars to Ecuador, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the average motorcycle, scooter and side-car import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price showed a mild slump. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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