
Luxembourg - Motorcycles, fitted with a motor, with reciprocating internal combustion piston engine of a cylinder capacity <= 50 cm³ - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Luxembourg: Market for Motorcycles and Cycles With an Auxiliary Motor 2022
Market Size for Motorcycles and Cycles With an Auxiliary Motor in Luxembourg
In 2021, the Luxembourg market for motorcycles and cycles with an auxiliary motor decreased by -12.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption saw a deep setback. 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 Luxembourg
In value terms, production of motorcycles and cycles with an auxiliary motor dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production recorded significant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 4,664%. As a result, production attained the peak level of $X, and then declined notably in the following year.
Exports of Motorcycles and Cycles With an Auxiliary Motor
Exports from Luxembourg
After two years of growth, shipments abroad of motorcycles and cycles with an auxiliary motor decreased by -1.4% to X units in 2021. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 336,567%. As a result, the exports attained the peak of X units, and then contracted modestly in the following year.
In value terms, exports of motorcycles and cycles with an auxiliary motor fell sharply to $X in 2021. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 213,995% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.
Exports by Country
France (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Luxembourg, with a 77% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to France exceeded the volume sent to the second major destination, Belgium (X units), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +180.5%.
In value terms, France ($X) remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Luxembourg, comprising 80% of total exports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total exports.
From 2012 to 2021, the average annual growth rate of value to France totaled +129.6%.
Export Prices by Country
The average export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, waning by -57.2% against the previous year. Overall, the export price showed a precipitous setback. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to France totaled $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-12.9%).
Imports of Motorcycles and Cycles With an Auxiliary Motor
Imports into Luxembourg
Imports of motorcycles and cycles with an auxiliary motor into Luxembourg dropped markedly to X units in 2021, waning by -58.7% against the previous year. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 6,848%. As a result, imports reached the peak of X units, and then shrank rapidly in the following year.
In value terms, imports of motorcycles and cycles with an auxiliary motor contracted notably to $X in 2021. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 3,581%. As a result, imports attained the peak of $X, and then declined notably in the following year.
Imports by Country
In 2021, China (X units) constituted the largest motorcycles and cycles with an auxiliary motor supplier to Luxembourg, with a 75% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a 3.7% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +61.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+31.1% per year) and Italy (-8.1% per year).
In value terms, China ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Luxembourg, comprising 88% of total imports. The second position in the ranking was held by Italy ($X), with a 5.4% share of total imports. It was followed by Germany, with a 3.4% share.
From 2012 to 2021, the average annual growth rate of value from China amounted to +62.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.2% per year) and Germany (+4.0% per year).
Import Prices by Country
The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, reducing by -6.4% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 53% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for motorcycles and cycles with an auxiliary motor in Luxembourg. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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