Iran: Market for Motorcycles and Cycles With an Auxiliary Motor 2022

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Iran

The Iranian market for motorcycles and cycles with an auxiliary motor shrank sharply to $X in 2021, reducing by -20.4% against the previous year. In general, consumption showed a perceptible downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Iran

In value terms, production of motorcycles and cycles with an auxiliary motor dropped markedly to $X in 2021 estimated in export price. In general, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 75%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Iran

For the third consecutive year, Iran recorded growth in shipments abroad of motorcycles and cycles with an auxiliary motor, which increased by 150% to X units in 2021. Overall, exports showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of 200% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of motorcycles and cycles with an auxiliary motor dropped significantly to $X in 2021. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 407%. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Azerbaijan (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Iran, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Azerbaijan stood at +10.7%.

In value terms, Azerbaijan ($X) also remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Iran.

From 2012 to 2021, the average annual rate of growth in terms of value to Azerbaijan totaled +17.2%.

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, shrinking by -76.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 409% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Azerbaijan.

From 2012 to 2021, the rate of growth in terms of prices for Azerbaijan amounted to +2.8% per year.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Iran

In 2021, imports of motorcycles and cycles with an auxiliary motor into Iran fell remarkably to X units, which is down by -15.3% against the previous year. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 144% against the previous year. As a result, imports attained the peak of X units, and then dropped significantly in the following year.

In value terms, imports of motorcycles and cycles with an auxiliary motor contracted rapidly to $X in 2021. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 99% against the previous year. Imports peaked at $X in 2020, and then contracted rapidly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest motorcycles and cycles with an auxiliary motor supplier to Iran, with a 51% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from China exceeded the figures recorded by the second-largest supplier, Oman (X units), threefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+42.2% per year) and the United Arab Emirates (+36.0% per year).

In value terms, the largest motorcycles and cycles with an auxiliary motor suppliers to Iran were Oman ($X), China ($X) and the United Arab Emirates ($X), together accounting for 67% of total imports.

Among the main suppliers, Oman, with a CAGR of +63.9%, saw 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

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, dropping by -10.2% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2019 an increase of 57% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Kuwait ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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