EU: Market for Cycles with Auxiliary Motors and Side Cars 2022

Market Size for Cycles with Auxiliary Motors and Side Cars in the EU

For the tenth year in a row, the EU market for cycles with auxiliary motors and side cars recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption continues to indicate a significant expansion. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Production of Cycles with Auxiliary Motors and Side Cars in the EU

In value terms, production of cycles with auxiliary motors and side cars contracted to $X in 2021 estimated in export price. Overall, production, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2020, and then shrank in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports in the EU

In 2021, exports of cycles with auxiliary motors and side cars in the European Union soared to X units, with an increase of X% compared with the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, exports of cycles with auxiliary motors and side cars soared to $X in 2021. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports of attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) and Germany (X units) represented roughly X% of total exports in 2021. Belgium (X units) ranks next in terms of the total exports with an X% share, followed by Bulgaria (X%), the Czech Republic (X%), Portugal (X%), Italy (X%) and Hungary (X%). Austria (X units), Spain (X units), Poland (X units), Romania (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Austria ($X) were the countries with the highest levels of exports in 2021, with a combined X% share of total exports. These countries were followed by Hungary, Bulgaria, Belgium, the Czech Republic, Spain, Italy, Portugal, Poland, Romania and Denmark, which together accounted for a further X, 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

In 2021, the export price in the European Union amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Austria ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the other leaders experienced more modest paces of growth.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports in the EU

For the eighth year in a row, the European Union recorded growth in supplies from abroad of cycles with auxiliary motors and side cars, which increased by X% to X units in 2021. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of cycles with auxiliary motors and side cars soared to $X in 2021. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of imports of cycles with auxiliary motors and side cars in 2021 were Germany (X units), the Netherlands (X units), France (X units), Belgium (X units), Spain (X units), Italy (X units), Poland (X units), Denmark (X units), Sweden (X units), Austria (X units), Hungary (X units) and the Czech Republic (X units), together accounting for X% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for X% of total imports. These countries were followed by Belgium, Spain, Austria, Italy, Denmark, Sweden, Poland, the Czech Republic and Hungary, which together accounted for a further X terms of the main importing countries, Poland, with a CAGR of +X%, recorded the highest growth rate of 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 2021, the import price in the European Union amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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