Belgium: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in Belgium

The Belgian motorcycle and bicycle market expanded rapidly to $X in 2021, surging by 14% against the previous year. Over the period under review, consumption saw a remarkable increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Motorcycle And Bicycle Production in Belgium

In value terms, motorcycle and bicycle production surged to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 393%. Motorcycle and bicycle production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Motorcycle And Bicycle Exports

Exports from Belgium

In 2021, overseas shipments of motorcycles and bicycles increased by 3.8% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of 585%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, motorcycle and bicycle exports expanded rapidly to $X in 2021. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2020 with an increase of 373% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

France (X units) was the main destination for motorcycle and bicycle exports from Belgium, accounting for a 41% share of total exports. Moreover, motorcycle and bicycle exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.5% per year) and the Netherlands (+11.5% per year).

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest markets for motorcycle and bicycle exported from Belgium worldwide, with a combined 67% share of total exports. Italy, Poland, Spain, Austria, Sweden, Portugal and the UK lagged somewhat behind, together comprising a further 23%.

Poland, with a CAGR of +18.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle and bicycle export price stood at $X per unit in 2021, surging by 8.3% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motorcycle and bicycle export price decreased by -25.2% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 51%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the Netherlands ($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 (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Belgium

In 2021, overseas purchases of motorcycles and bicycles increased by 6.1% to X units, rising for the second year in a row after two years of decline. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 236%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, motorcycle and bicycle imports expanded markedly to $X in 2021. Overall, imports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2020 with an increase of 169%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The Netherlands (X units), China (X units) and Cambodia (X units) were the main suppliers of motorcycle and bicycle imports to Belgium, together comprising 61% of total imports. These countries were followed by Bulgaria, Italy, Germany, Portugal, Taiwan (Chinese), France, Romania, Hungary and Slovakia, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +2,700.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of motorcycles and bicycles to Belgium, comprising 22% of total imports. The second position in the ranking was held by Germany ($X), with a 9.1% share of total imports. It was followed by China, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.3% per year) and China (+10.9% per year).

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2021, rising by 5.2% against the previous year. Overall, the import price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2019 an increase of 27%. The import price peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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