Slovakia: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in Slovakia

The Slovak market for side cars and cycles with non-combustion motors declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a significant expansion. Consumption of peaked at $X in 2021, and then reduced in the following year.

Production of Side Cars and Cycles with Non-Combustion Motors in Slovakia

In value terms, production of side cars and cycles with non-combustion motors contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Side Cars and Cycles with Non-Combustion Motors

Exports from Slovakia

In 2022, overseas shipments of side cars and cycles with non-combustion motors decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2021, and then shrank rapidly in the following year.

In value terms, exports of side cars and cycles with non-combustion motors surged to $X in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X units) was the main destination for exports of side cars and cycles with non-combustion motors from Slovakia, with a X% share of total exports. Moreover, exports of side cars and cycles with non-combustion motors to Belgium exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, Belgium ($X) remains the key foreign market for side cars and cycles with non-combustion motors exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to X.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for side cars and cycles with non-combustion motors stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price showed prominent growth. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Poland ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports into Slovakia

After six years of growth, supplies from abroad of side cars and cycles with non-combustion motors decreased by X% to X units in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, imports of side cars and cycles with non-combustion motors reduced to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest supplier of side car and cycle with non-combustion motor to Slovakia, accounting for a X% share of total imports. Moreover, imports of side cars and cycles with non-combustion motors from the Czech Republic exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X.2% per year) and the Netherlands (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of side cars and cycles with non-combustion motors to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average import price for side cars and cycles with non-combustion motors amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The pace of growth was the most pronounced 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 remained at a lower figure.

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 Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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