Belgium: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Belgium

In 2021, the Belgian market for motorcycles and cycles with an auxiliary motor increased by 8.2% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption, however, saw a notable expansion. Consumption of peaked in 2021 and is expected to retain growth in the near future.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Belgium

In 2021, shipments abroad of motorcycles and cycles with an auxiliary motor increased by 13% to X units, rising for the fifth consecutive year after four years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of motorcycles and cycles with an auxiliary motor amounted to $X in 2021. Over the period under review, exports posted noticeable growth. The most prominent rate of growth was recorded in 2020 when exports increased by 35%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X units), the Netherlands (X units) and Portugal (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from Belgium, together accounting for 97% of total exports. The UK lagged somewhat behind, accounting for a further 1.6%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +17.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Portugal ($X) were the largest markets for motorcycles and cycles with an auxiliary motor exported from Belgium worldwide, together accounting for 97% of total exports. The UK lagged somewhat behind, accounting for a further 1.6%.

The UK, with a CAGR of +16.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, standing approx. at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2014 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to France ($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 the Netherlands (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Belgium

For the third consecutive year, Belgium recorded growth in overseas purchases of motorcycles and cycles with an auxiliary motor, which increased by 4.5% to X units in 2021. Over the period under review, imports recorded a temperate expansion. The pace of growth was the most pronounced in 2020 when imports increased by 48%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, imports of motorcycles and cycles with an auxiliary motor surged to $X in 2021. Overall, imports saw a temperate expansion. The growth pace was the most rapid in 2020 with an increase of 40%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest motorcycles and cycles with an auxiliary motor supplier to Belgium, accounting for a 65% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from China exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+76.4% per year) and the Netherlands (-2.7% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Belgium, comprising 66% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by Austria, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.7% per year) and Austria (+60.4% per year).

Import Prices by Country

In 2021, the average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, growing by 15% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18%. The import price peaked at $X per unit in 2015; however, from 2016 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 Italy ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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