Canada: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Canada

The Canadian motorcycle and bicycle market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Motorcycle And Bicycle Production in Canada

In value terms, motorcycle and bicycle production totaled $X in 2021 estimated in export price. Over the period under review, production saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 149% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Motorcycle And Bicycle Exports

Exports from Canada

In 2021, the amount of motorcycles and bicycles exported from Canada skyrocketed to X units, picking up by 20% on the previous year. Overall, exports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2020 when exports increased by 51% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, motorcycle and bicycle exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for motorcycle and bicycle exports from Canada, accounting for a 79% share of total exports. Moreover, motorcycle and bicycle exports to the United States exceeded the volume sent to the second major destination, Belgium (X units), more than tenfold. The third position in this ranking was taken by Morocco (X units), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+13.2% per year) and Morocco (+67.9% per year).

In value terms, the United States ($X) remains the key foreign market for motorcycles and bicycles exports from Canada, comprising 63% of total exports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total exports. It was followed by Morocco, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+11.4% per year) and Morocco (+66.3% per year).

Export Prices by Country

The average motorcycle and bicycle export price stood at $X per unit in 2021, with an increase of 6.1% against the previous year. Over the period under review, the export price enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 61%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to France ($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 United States (+1.1%), while the prices for the other major destinations experienced a decline.

Motorcycle And Bicycle Imports

Imports into Canada

For the fifth consecutive year, Canada recorded growth in supplies from abroad of motorcycles and bicycles, which increased by 59% to X units in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.6% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of motorcycle and bicycle to Canada, accounting for a 87% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.5% per year) and Cambodia (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to Canada, comprising 38% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.6% per year) and Cambodia (+6.3% per year).

Import Prices by Country

In 2021, the average motorcycle and bicycle import price amounted to $X per unit, declining by -1.7% against the previous year. Overall, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 12%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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