Australia and Oceania: Market for Cycles with Auxiliary Motors and Side Cars 2024

Exports of Cycles with Auxiliary Motors and Side Cars

Exports in Australia and Oceania

For the fourth year in a row, Australia and Oceania recorded growth in overseas shipments of cycles with auxiliary motors and side cars, which increased by 8.2% to X units in 2021. Over the period under review, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 84%. Over the period under review, the exports of attained 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 expanded significantly to $X in 2021. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 84%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Australia represented the major exporter of cycles with auxiliary motors and side cars in Australia and Oceania, with the volume of exports amounting to X units, which was near 67% of total exports in 2021. It was distantly followed by New Zealand (X units), constituting a 33% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cycle with auxiliary motor and side car exports from Australia stood at +10.1%. At the same time, New Zealand (+20.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +20.6% from 2012-2021. New Zealand (+15 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -15.2% from 2012 to 2021, respectively.

In value terms, the largest cycle with auxiliary motor and side car supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

In terms of the main exporting countries, New Zealand, with a CAGR of +10.7%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, with an increase of 3.8% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 56% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-5.0%).

Imports of Cycles with Auxiliary Motors and Side Cars

Imports in Australia and Oceania

Imports of cycles with auxiliary motors and side cars skyrocketed to X units in 2021, picking up by 67% compared with 2020 figures. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2015 with an increase of 143% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of cycles with auxiliary motors and side cars skyrocketed to $X in 2021. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 118%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Australia was the major importer of cycles with auxiliary motors and side cars in Australia and Oceania, with the volume of imports resulting at X units, which was near 81% of total imports in 2021. It was distantly followed by New Zealand (X units), making up a 19% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cycle with auxiliary motor and side car imports into Australia stood at +46.9%. At the same time, New Zealand (+53.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +53.4% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +5.4 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported cycles with auxiliary motors and side cars in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 27% share of total imports.

In Australia, imports of cycles with auxiliary motors and side cars expanded at an average annual rate of +50.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, almost unchanged from the previous year. Import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. 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 -13.8% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+8.6%).

Source: IndexBox Platform

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