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

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

After nine years of growth, the Chinese market for cycles with auxiliary motors and side cars decreased by -25.1% to $X in 2021. Overall, consumption continues to indicate a mild downturn. Over the period under review, the market hit record highs at $X in 2020, and then contracted dramatically in the following year.

Production of Cycles with Auxiliary Motors and Side Cars in China

In value terms, production of cycles with auxiliary motors and side cars shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.8% against 2017 indices. The growth pace was the most rapid in 2017 when the production volume increased by 19%. Over the period under review, production of attained the peak level at $X in 2020, and then contracted in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from China

In 2021, approx. X units of cycles with auxiliary motors and side cars were exported from China; increasing by 25% on 2020. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 186%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of cycles with auxiliary motors and side cars soared to $X in 2021. In general, exports saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of 114% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for exports of cycles with auxiliary motors and side cars from China, accounting for a 41% share of total exports. Moreover, exports of cycles with auxiliary motors and side cars to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), eightfold. The third position in this ranking was taken by France (X units), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+31.9% per year) and France (+47.7% per year).

In value terms, the United States ($X) remains the key foreign market for cycles with auxiliary motors and side cars exports from China, comprising 28% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 7.8% share of total exports. It was followed by Germany, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+23.8% per year) and Germany (+18.9% 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, picking up by 19% against the previous year. Overall, the export price, however, continues to indicate a noticeable decline. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 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 South Korea ($X per unit), while the average price for exports to the United States ($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 South Korea (+3.5%), 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 China

In 2021, imports of cycles with auxiliary motors and side cars into China expanded markedly to X units, growing by 12% against 2020 figures. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,144%. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of cycles with auxiliary motors and side cars soared to $X in 2021. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,481%. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Taiwan (Chinese) (X units) was the main cycle with auxiliary motor and side car supplier to China, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +81.0%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to China.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled +88.9%.

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 15% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 255% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +4.4% per year.

Source: IndexBox Platform

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