Overview of the Global Market for Motorcycles and Cycles With an Auxiliary Motor

Market Size for Motorcycles and Cycles With an Auxiliary Motor

The global market for motorcycles and cycles with an auxiliary motor fell to $X in 2021, with a decrease of -6.8% against the previous year. In general, consumption saw a pronounced curtailment. Over the period under review, the global market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor

In value terms, production of motorcycles and cycles with an auxiliary motor fell to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when the production volume increased by 9.2%. Over the period under review, global production of attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor increased by 9.5% to X units, rising for the fifth consecutive year after four years of decline. Overall, exports, however, showed a mild slump. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. The global exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor totaled $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible downturn. Over the period under review, the global exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China dominates motor structure, recording X units, which was near 67% of total exports in 2021. It was distantly followed by Japan (X units), creating an 8.8% share of total exports. The following exporters - the Netherlands (X units), Italy (X units), Belgium (X units), Thailand (X units) and Spain (X units) - together made up 13% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and cycles with an auxiliary motor. At the same time, Thailand (+27.5%), the Netherlands (+18.2%), Belgium (+7.6%) and Spain (+4.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.5% from 2012-2021. By contrast, Italy (-4.3%) and Japan (-5.6%) illustrated a downward trend over the same period. China (+4.4 p.p.), the Netherlands (+2.8 p.p.) and Thailand (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Japan saw its share reduced by -4.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycles and cycles with an auxiliary motor supplier worldwide, comprising 54% of global exports. The second position in the ranking was held by Italy ($X), with a 14% share of global exports. It was followed by Japan, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -1.7%. In the other countries, the average annual rates were as follows: Italy (-2.7% per year) and Japan (-3.1% per year).

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, with an increase of 3.9% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2016 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Italy ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.6%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports

After four years of growth, purchases abroad of motorcycles and cycles with an auxiliary motor decreased by -1.2% to X units in 2021. Overall, imports recorded a slight descent. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. Over the period under review, global imports of reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor fell to $X in 2021. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year. Over the period under review, global imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Morocco (X units) and the Netherlands (X units) represented the major importers of motorcycles and cycles with an auxiliary motor in 2021, accounting for approx. 14% and 13% of total imports, respectively. The United States (X units) held a 6.5% share (based on physical terms) of total imports, which put it in second place, followed by Russia (5.5%), France (5%) and Germany (5%). The following importers - Spain (X units), Iraq (X units), Belgium (X units), Sweden (X units), Italy (X units), Myanmar (X units) and Austria (X units) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +20.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Morocco ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 35% of global imports.

In terms of the main importing countries, Morocco, with a CAGR of +16.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, declining by -4.8% against the previous year. Over the period under review, the import price showed a noticeable descent. The pace of growth was the most pronounced in 2014 an increase of 7.8% 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 remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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