Overview of the Global Market for Cycles with Auxiliary Motors and Side Cars

Market Size for Cycles with Auxiliary Motors and Side Cars

For the tenth year in a row, the global market for cycles with auxiliary motors and side cars recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption posted a significant expansion. Global consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Cycles with Auxiliary Motors and Side Cars

In value terms, production of cycles with auxiliary motors and side cars fell to $X in 2021 estimated in export price. In general, production enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Global production peaked at $X in 2020, and then dropped in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports

For the tenth year in a row, the global market recorded growth in shipments abroad of cycles with auxiliary motors and side cars, which increased by X% to X units in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the global exports of reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, exports of cycles with auxiliary motors and side cars surged to $X in 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the global exports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

China prevails in cars structure, reaching X units, which was near X% of total exports in 2021. It was distantly followed by the Netherlands (X units), mixing up a X% share of total exports. Germany (X units), Taiwan (Chinese) (X units), Belgium (X units) and Bulgaria (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cycle with auxiliary motor and side car exports from China stood at +X%. At the same time, Bulgaria (+X%), the Netherlands (+X%), Taiwan (Chinese) (+X%), Belgium (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. While the share of the Netherlands (+X p.p.), Taiwan (Chinese) (+X p.p.) and Bulgaria (+X p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cycle with auxiliary motor and side car supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of global exports. It was followed by Germany, with an X% share.

In China, exports of cycles with auxiliary motors and side cars expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2021, the average export price for cycles with auxiliary motors and side cars amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($X per unit) was amongst the lowest.

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

Imports of Cycles with Auxiliary Motors and Side Cars

Imports

Global imports of cycles with auxiliary motors and side cars surged to X units in 2021, jumping by X% on the previous year. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, global imports of reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of cycles with auxiliary motors and side cars skyrocketed to $X in 2021. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, global imports of reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of cycles with auxiliary motors and side cars, namely the United States, Germany, the Netherlands, France, the Philippines, Belgium, the UK, Spain, Canada, Italy, Japan and Hong Kong SAR, represented more than two-thirds of total import. Poland (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for X% of global imports. These countries were followed by France, Belgium, the Philippines, the UK, Spain, Canada, Italy, Japan, Poland and Hong Kong SAR, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, growing by X% against the previous year. In general, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for cycles with auxiliary motors and side cars decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of X%. Global import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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