Spain: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Spain

The Spanish motorcycle and bicycle market dropped markedly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped remarkably in the following year.

Motorcycle And Bicycle Production in Spain

In value terms, motorcycle and bicycle production expanded notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Motorcycle and bicycle production peaked in 2022 and is expected to retain growth in the immediate term.

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Motorcycle And Bicycle Exports

Exports from Spain

In 2022, shipments abroad of motorcycles and bicycles increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, motorcycle and bicycle exports skyrocketed to $X in 2022. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units) was the main destination for motorcycle and bicycle exports from Spain, with a X% share of total exports. Moreover, motorcycle and bicycle exports to France exceeded the volume sent to the second major destination, Portugal (X units), threefold. The third position in this ranking was taken by Germany (X units), with an X% share.

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

In value terms, the largest markets for motorcycle and bicycle exported from Spain were France ($X), Germany ($X) and Portugal ($X), with a combined X% share of total exports. Italy, Austria, the UK, Belgium, the Netherlands and Poland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average motorcycle and bicycle export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Poland ($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.

Motorcycle And Bicycle Imports

Imports into Spain

In 2022, imports of motorcycles and bicycles into Spain contracted sharply to X units, reducing by X% against 2021 figures. Overall, imports saw a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, motorcycle and bicycle imports totaled $X in 2022. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Portugal (X units), Italy (X units) and China (X units) were the main suppliers of motorcycle and bicycle imports to Spain, together comprising X% of total imports. Romania, France, the Netherlands, Germany, Japan, Taiwan (Chinese), Belgium, Thailand, Vietnam and Tunisia 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 Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and bicycle suppliers to Spain were China ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports. France, Japan, Portugal, the Netherlands, Taiwan (Chinese), Thailand, Belgium, Vietnam, Romania and Tunisia lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 Germany ($X per unit), while the price for Tunisia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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