Argentina: Market for Cycles with Auxiliary Motors and Side Cars 2024

Market Size for Cycles with Auxiliary Motors and Side Cars in Argentina

The Argentinian market for cycles with auxiliary motors and side cars soared to $X in 2021, jumping by 92% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a significant increase. Consumption of peaked in 2021 and is expected to retain growth in the near future.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Argentina

After two years of growth, shipments abroad of cycles with auxiliary motors and side cars decreased by -95.9% to X units in 2021. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 4,800% against the previous year. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, exports of cycles with auxiliary motors and side cars shrank rapidly to $X in 2021. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 3,688% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

Chile (X units), the United States (X units) and the Netherlands (X units) were the main destinations of exports of cycles with auxiliary motors and side cars from Argentina, together comprising 67% of total exports. Moreover, exports of cycles with auxiliary motors and side cars in Chile exceeded the figures recorded by the second-largest exporter, the United States, twofold.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +8.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for cycles with auxiliary motors and side cars exports from Argentina, comprising 64% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports. It was followed by Chile, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+109.5% per year) and Chile (+11.7% per year).

Export Prices by Country

The average export price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, increasing by 3.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 576% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Chile ($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 (+243.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports into Argentina

In 2021, imports of cycles with auxiliary motors and side cars into Argentina skyrocketed to X units, increasing by 88% on the year before. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 350%. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, imports of cycles with auxiliary motors and side cars surged to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 152% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) was the main supplier of cycle with auxiliary motor and side car to Argentina, accounting for a 95% share of total imports. It was followed by Hong Kong SAR (X units), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +52.6%.

In value terms, China ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to Argentina, comprising 82% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +55.2%.

Import Prices by Country

In 2021, the average import price for cycles with auxiliary motors and side cars amounted to $X per unit, surging by 7.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 55%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%).

Source: IndexBox Platform

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