Puerto Rico: Market for Cycles with Auxiliary Motors and Side Cars 2022

Market Size for Cycles with Auxiliary Motors and Side Cars in Puerto Rico

After two years of growth, the Puerto Rican market for cycles with auxiliary motors and side cars decreased by -X% to $X in 2021. In general, consumption, however, saw significant growth. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Production of Cycles with Auxiliary Motors and Side Cars in Puerto Rico

In value terms, production of cycles with auxiliary motors and side cars fell markedly to $X in 2021 estimated in export price. In general, production, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X, and then fell sharply in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports by Country

China prevails in cars structure, finishing at X units, which was approx. X% of total exports in 2021. It was distantly followed by the Netherlands (X units), generating a X% share of total exports. The following exporters - Germany (X units), Taiwan (Chinese) (X units), Belgium (X units) and Bulgaria (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Bulgaria (+X%), the Netherlands (+X%), Taiwan (Chinese) (+X%), Belgium (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. The Netherlands (+X p.p.), Taiwan (Chinese) (+X p.p.) and Bulgaria (+X p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cycle with auxiliary motor and side car supplier from Puerto Rico, comprising X% of global exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of global exports. It was followed by Germany, with an X% share.

In China, exports of cycles with auxiliary motors and side cars expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, remaining stable against the previous year. Overall, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports by Country

The countries with the highest levels of imports of cycles with auxiliary motors and side cars in 2021 were the United States (X units), Germany (X units), the Netherlands (X units), France (X units), the Philippines (X units), Belgium (X units), the UK (X units), Spain (X units), Canada (X units), Italy (X units), Japan (X units) and Hong Kong SAR (X units), together recording X% of total import. Poland (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main 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, the largest cycle with auxiliary motor and side car importing markets into Puerto Rico were Germany ($X), the Netherlands ($X) and the United States ($X), together accounting for X% of total imports. France, Belgium, the Philippines, the UK, Spain, Canada, Italy, Japan, Poland and Hong Kong SAR lagged somewhat behind, together comprising a further X the main importing countries, Poland, with a CAGR of +X%, saw 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per thousand units), while Hong Kong SAR ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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