Portugal: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

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

The Portuguese market for motorcycles and cycles with an auxiliary motor surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Portugal

In value terms, production of motorcycles and cycles with an auxiliary motor surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Portugal

In 2022, overseas shipments of motorcycles and cycles with an auxiliary motor decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of motorcycles and cycles with an auxiliary motor declined to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Portugal, accounting for a X% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to Spain exceeded the volume sent to the second major destination, Cabo Verde (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (X% per year) and France (X% per year).

In value terms, Spain ($X) remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Cabo Verde (X% per year).

Export Prices by Country

In 2022, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, picking up by X% against the previous year. In general, the export price recorded a prominent expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Portugal

In 2022, overseas purchases of motorcycles and cycles with an auxiliary motor were finally on the rise to reach X units after two years of decline. Overall, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor reached $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X units), France (X units) and Belgium (X units) were the main suppliers of imports of motorcycles and cycles with an auxiliary motor to Portugal, with a combined X% share of total imports. Spain, the United States and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, China ($X), France ($X) and Belgium ($X) appeared to be the largest motorcycles and cycles with an auxiliary motor suppliers to Portugal, with a combined X% share of total imports. Spain, the United States and Italy lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United States, with a CAGR of X%, recorded 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 average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, with an increase of X% against the previous year. In general, the import price saw strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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