Venezuela: Market for Motorcycles, Scooters And Side-Cars 2022

Market Size for Motorcycles, Scooters And Side-Cars in Venezuela

After eight years of decline, the Venezuelan motorcycle, scooter and side-car market increased by 15% to $X in 2021. In general, consumption, however, saw a abrupt decline. Motorcycle, scooter and side-car consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Motorcycles, Scooters And Side-Cars

Exports from Venezuela

In 2021, after two years of decline, there was decline in overseas shipments of motorcycles, scooters and side-cars, when their volume decreased by 0% to X units. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 288%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, motorcycle, scooter and side-car exports surged to $X in 2021. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 126%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Panama (X units), the UK (X units) and Spain (X units) were the main destinations of motorcycle, scooter and side-car exports from Venezuela, with a combined 77% share of total exports. These countries were followed by the United States, the Netherlands, Grenada and Chile, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motorcycle, scooter and side-car exported from Venezuela were Panama ($X), Spain ($X) and the UK ($X), together accounting for 88% of total exports. The United States, Grenada, Chile and the Netherlands lagged somewhat behind, together comprising a further 12%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +10.5%, 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

In 2021, the average motorcycle, scooter and side-car export price amounted to $X per unit, with an increase of 16% against the previous year. Over the period under review, the export price recorded a pronounced expansion. The pace of growth appeared the most rapid in 2015 an increase of 220% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles, Scooters And Side-Cars

Imports into Venezuela

In 2021, supplies from abroad of motorcycles, scooters and side-cars was finally on the rise to reach X units for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt slump. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, motorcycle, scooter and side-car imports expanded notably to $X in 2021. In general, imports, however, continue to indicate a deep setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main motorcycle, scooter and side-car supplier to Venezuela, accounting for a 93% share of total imports. Moreover, motorcycle, scooter and side-car imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X units), more than tenfold. The third position in this ranking was held by Austria (X units), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +74.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-22.1% per year) and Austria (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of motorcycle, scooter and side-car to Venezuela, comprising 65% of total imports. The second position in the ranking was taken by Austria ($X), with a 7.8% share of total imports. It was followed by Colombia, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +67.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+7.7% per year) and Colombia (-27.1% per year).

Import Prices by Country

In 2021, the average motorcycle, scooter and side-car import price amounted to $X per unit, which is down by -18.3% against the previous year. Over the period under review, the import price saw a perceptible decrease. The growth pace was the most rapid in 2014 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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