Scandinavia: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Scandinavia

For the fifth consecutive year, the Scandinavia motorcycle and bicycle market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2013 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Motorcycle And Bicycle Production in Scandinavia

In value terms, motorcycle and bicycle production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked in 2022 and is expected to retain growth in the near future.

Motorcycle And Bicycle Exports

Exports in Scandinavia

In 2022, overseas shipments of motorcycles and bicycles increased by X% to X units, rising for the fifth consecutive year after four years of decline. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, motorcycle and bicycle exports soared to $X in 2022. Over the period under review, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Sweden (X units) was the key exporter of motorcycles and bicycles, achieving X% of total exports. It was distantly followed by Norway (X units) and Finland (X units), together committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to motorcycle and bicycle exports from Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (X p.p.) and Sweden (X p.p.) displayed negative dynamics.

In value terms, the largest motorcycle and bicycle supplying countries in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the export price in Scandinavia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Motorcycle And Bicycle Imports

Imports in Scandinavia

In 2022, overseas purchases of motorcycles and bicycles increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; afterwards, it flattened through to 2022.

In value terms, motorcycle and bicycle imports rose sharply to $X in 2022. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Sweden (X units) and Norway (X units) represented the key importers of motorcycles and bicycles in 2022, accounting for near X% and X% of total imports, respectively. It was distantly followed by Finland (X units), committing a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest motorcycle and bicycle importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Scandinavia stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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