Bangladesh: Market for Cycles with Auxiliary Motors and Side Cars 2025

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

The Bangladeshi market for cycles with auxiliary motors and side cars rose markedly to $X in 2021, surging by 7.5% against the previous year. In general, consumption showed a significant expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Cycles with Auxiliary Motors and Side Cars in Bangladesh

In value terms, production of cycles with auxiliary motors and side cars rose markedly to $X in 2021 estimated in export price. Overall, production recorded significant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 608%. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Bangladesh

In 2021, overseas shipments of cycles with auxiliary motors and side cars decreased by -36.3% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 443%. Over the period under review, the exports of hit record highs at X units in 2020, and then dropped rapidly in the following year.

In value terms, exports of cycles with auxiliary motors and side cars soared to $X in 2021. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 515% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Norway (X units) was the main destination for exports of cycles with auxiliary motors and side cars from Bangladesh, with a 80% share of total exports. Moreover, exports of cycles with auxiliary motors and side cars to Norway exceeded the volume sent to the second major destination, Denmark (X units), sixfold. Switzerland (X units) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-30.7% per year) and Switzerland (+155.0% per year).

In value terms, Norway ($X) remains the key foreign market for cycles with auxiliary motors and side cars exports from Bangladesh, comprising 73% of total exports. The second position in the ranking was held by Denmark ($X), with a 16% share of total exports. It was followed by Switzerland, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway totaled +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+18.2% per year) and Switzerland (+173.7% 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, increasing by 81% against the previous year. In general, the export price posted strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Switzerland ($X per unit), while the average price for exports to Norway ($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 Denmark (+70.7%), 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 Bangladesh

In 2021, purchases abroad of cycles with auxiliary motors and side cars decreased by -37% to X units, falling for the fifth consecutive year after five years of growth. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 310%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of cycles with auxiliary motors and side cars fell markedly to $X in 2021. Overall, imports saw a significant decline. The pace of growth was the most pronounced in 2013 when imports increased by 198% against the previous year. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of cycle with auxiliary motor and side car to Bangladesh, with a 100% share of total imports. It was followed by Thailand (X units), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -6.6%.

In value terms, China ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to Bangladesh, comprising 98% of total imports. The second position in the ranking was taken by Thailand ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -15.2%.

Import Prices by Country

The average import price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, falling by -15.4% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 6.3% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-9.2%).

Source: IndexBox Platform

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