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

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

For the third year in a row, the Belgian market for cycles with auxiliary motors and side cars recorded growth in sales value, which increased by 10% to $X in 2021. In general, consumption, however, recorded a significant increase. Consumption of peaked in 2021 and is likely to continue growth in the immediate term.

Production of Cycles with Auxiliary Motors and Side Cars in Belgium

In value terms, production of cycles with auxiliary motors and side cars totaled $X in 2021 estimated in export price. Overall, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2019 when the production volume decreased by 99.9% against the previous year. Over the period under review, production of reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Belgium

In 2021, exports of cycles with auxiliary motors and side cars from Belgium surged to X units, jumping by 24% on 2020 figures. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 997% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of cycles with auxiliary motors and side cars skyrocketed to $X in 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,083%. Over the period under review, the exports of attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

France (X units) was the main destination for exports of cycles with auxiliary motors and side cars from Belgium, accounting for a 57% share of total exports. Moreover, exports of cycles with auxiliary motors and side cars to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+36.3% per year) and the Netherlands (+20.9% per year).

In value terms, the largest markets for cycle with auxiliary motor and side car exported from Belgium were France ($X), Germany ($X) and Austria ($X), together comprising 72% of total exports. These countries were followed by Italy, the Netherlands, Poland and China, which together accounted for a further 11%.

In terms of the main countries of destination, Poland, with a CAGR of +123.0%, saw the highest growth rate of the value of exports, 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 cycles with auxiliary motors and side cars stood at $X per unit in 2021, declining by -3.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 57%. The export price peaked at $X per unit in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to China ($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 Italy (+6.8%), 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 Belgium

Imports of cycles with auxiliary motors and side cars into Belgium rose slightly to X units in 2021, growing by 4.5% against the previous year's figure. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 491%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of cycles with auxiliary motors and side cars surged to $X in 2021. In general, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 267%. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X units), the Netherlands (X units) and Bulgaria (X units) were the main suppliers of imports of cycles with auxiliary motors and side cars to Belgium, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +93.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to Belgium, comprising 38% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.2% per year) and Germany (+50.0% per year).

Import Prices by Country

In 2021, the average import price for cycles with auxiliary motors and side cars amounted to $X per unit, rising by 22% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2018 an increase of 71%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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