Mexican Motorcycle and Scooter Prices Drop by 26%, Now at $1,538 per Unit on Average

Mexico Motorcycle And Scooter Import Price in April 2023

In April 2023, the motorcycle and scooter price amounted to $1,538 per unit (CIF, Mexico), reducing by -25.8% against the previous month. Over the period under review, import price indicated mild growth from April 2022 to April 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, motorcycle and scooter import price decreased by -25.8% against March 2023 indices. The growth pace was the most rapid in January 2023 an increase of 29% month-to-month. The import price peaked at $2,072 per unit in March 2023, and then reduced remarkably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Germany ($10,252 per unit), while the price for China ($861 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Mexico Motorcycle And Scooter Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In April 2023, the product with the highest price was motorcycles (including mopeds) and cycles; fitted with auxiliary motor, with reciprocating internal combustion piston engine of a cylinder capacity exceeding 800cc, with or without side-cars; side-cars ($7,378 per unit), while the price for motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars; side-cars ($950 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by motorcycles (including mopeds) and cycles; fitted with auxiliary motor, with reciprocating internal combustion piston engine of a cylinder capacity exceeding 800cc, with or without side-cars; side-cars (+1.5%), while the prices for the other products experienced mixed trend patterns.

Mexico Motorcycle And Scooter Imports

In April 2023, approximately 23K units of motorcycles and scooters were imported into Mexico; increasing by 40% on March 2023 figures. In general, imports, however, recorded a slight decline. Imports peaked at 34K units in October 2022; however, from November 2022 to April 2023, imports failed to regain momentum.

In value terms, motorcycle and scooter imports expanded modestly to $36M (IndexBox estimates) in April 2023. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 with an increase of 43% against the previous month. Imports peaked at 48M units in November 2022; however, from December 2022 to April 2023, imports failed to regain momentum.

Mexico Motorcycle And Scooter Imports by Type

In April 2023, motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars; side-cars (19K units) constituted the largest type of motorcycle and scooter supplied to Mexico, with a 84% share of total imports. Moreover, motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars; side-cars exceeded the figures recorded for the second-largest type, motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 250cc but not exceeding 500cc, with or without side-cars; side-cars (1.9K units), tenfold. Motorcycles (including mopeds) and cycles; fitted with auxiliary motor, with reciprocating internal combustion piston engine of a cylinder capacity exceeding 800cc, with or without side-cars; side-cars (1.3K units) ranked third in terms of total imports with a 5.6% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of import of motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars; side-cars totaled -2.2%. With regard to the other supplied products, the following average monthly rates of growth were recorded: motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 250cc but not exceeding 500cc, with or without side-cars; side-cars (+11.7% per month) and motorcycles (including mopeds) and cycles; fitted with auxiliary motor, with reciprocating internal combustion piston engine of a cylinder capacity exceeding 800cc, with or without side-cars; side-cars (-0.2% per month).

In value terms, motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars; side-cars ($19M), motorcycles (including mopeds) and cycles; fitted with auxiliary motor, with reciprocating internal combustion piston engine of a cylinder capacity exceeding 800cc, with or without side-cars; side-cars ($9.5M) and motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 250cc but not exceeding 500cc, with or without side-cars; side-cars ($6.1M) appeared to be the most imported types of motorcycles and scooters in Mexico, with a combined 96% share of total imports.

Mexico Motorcycle And Scooter Imports by Country

In April 2023, China (17K units) constituted the largest supplier of motorcycle and scooter to Mexico, accounting for a 73% share of total imports. Moreover, motorcycle and scooter imports from China exceeded the figures recorded by the second-largest supplier, India (4.3K units), fourfold. Japan (810 units) ranked third in terms of total imports with a 3.5% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China amounted to -2.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+1.2% per month) and Japan (+0.7% per month).

In value terms, the largest motorcycle and scooter suppliers to Mexico were China ($15M), India ($9.2M) and Germany ($2.8M), together comprising 74% of total imports.

In terms of the main suppliers, India, with a CAGR of +3.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform