Serbia: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Serbia

The Serbian motorcycle, scooter and side-car market soared to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a prominent expansion. Motorcycle, scooter and side-car consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Motorcycles, Scooters and Side-Cars

Exports from Serbia

In 2022, overseas shipments of motorcycles, scooters and side-cars decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021, and then declined sharply in the following year.

In value terms, motorcycle, scooter and side-car exports dropped to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

North Macedonia (X units), Bosnia and Herzegovina (X units) and the Czech Republic (X units) were the main destinations of motorcycle, scooter and side-car exports from Serbia, with a combined X% share of total exports. Bulgaria, Slovenia, Montenegro and Croatia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X), Montenegro ($X) and Bosnia and Herzegovina ($X) were the largest markets for motorcycle, scooter and side-car exported from Serbia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, North Macedonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle, scooter and side-car export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, saw a abrupt slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Bulgaria ($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 the Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Motorcycles, Scooters and Side-Cars

Imports into Serbia

After seven years of growth, supplies from abroad of motorcycles, scooters and side-cars decreased by X% to X units in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then contracted slightly in the following year.

In value terms, motorcycle, scooter and side-car imports reduced to $X in 2022. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motorcycle, scooter and side-car to Serbia, accounting for a X% share of total imports. Moreover, motorcycle, scooter and side-car imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), fivefold. Japan (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Japan (X% per year).

In value terms, the largest motorcycle, scooter and side-car suppliers to Serbia were Germany ($X), China ($X) and Japan ($X), with a combined X% share of total imports. Slovenia, Italy and France lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Slovenia, with a CAGR of X%, 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

In 2022, the average motorcycle, scooter and side-car import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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