CIS: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in CIS

The CIS motorcycle and bicycle market surged to $X in 2021, picking up by 26% against the previous year. Over the period under review, consumption saw a buoyant increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Motorcycle And Bicycle Production in CIS

In value terms, motorcycle and bicycle production dropped to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.2% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 62% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Motorcycle And Bicycle Exports

Exports in CIS

In 2021, motorcycle and bicycle exports in the CIS surged to X units, with an increase of 24% on the year before. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 91% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, motorcycle and bicycle exports soared to $X in 2021. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 52% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

In 2021, Belarus (X units) and Russia (X units) were the largest exporters of motorcycles and bicycles in the CIS, together recording near 86% of total exports. It was distantly followed by Uzbekistan (X units), mixing up a 13% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +692.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

In terms of the main exporting countries, Uzbekistan, with a CAGR of +934.4%, recorded the highest rates of growth with regard to 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

In 2021, the export price in the CIS amounted to $X per unit, reducing by -2.4% against the previous year. In general, the export price recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the export price increased by 31% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+30.5%), while the other leaders experienced a decline in the export price figures.

Motorcycle And Bicycle Imports

Imports in CIS

Motorcycle and bicycle imports skyrocketed to X units in 2021, with an increase of 20% compared with the year before. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 41%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, motorcycle and bicycle imports skyrocketed to $X in 2021. Over the period under review, imports posted temperate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X units) represented the major importer of motorcycles and bicycles, constituting 64% of total imports. It was distantly followed by Kazakhstan (X units), Belarus (X units) and Azerbaijan (X units), together constituting a 30% share of total imports. The following importers - Uzbekistan (X units) and Armenia (X units) - each resulted at a 4.1% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to motorcycle and bicycle imports into Russia stood at +4.7%. At the same time, Armenia (+105.8%), Azerbaijan (+101.6%), Uzbekistan (+56.1%), Belarus (+21.8%) and Kazakhstan (+6.0%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +105.8% from 2012-2021. From 2012 to 2021, the share of Belarus, Azerbaijan, Uzbekistan and Armenia increased by +5.8, +5, +2.5 and +1.6 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported motorcycles and bicycles in the CIS, comprising 75% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 12% share of total imports. It was followed by Belarus, with a 7.1% share.

In Russia, motorcycle and bicycle imports expanded at an average annual rate of +1.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+16.9% per year) and Belarus (+14.3% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, growing by 28% against the previous year. In general, the import price, however, recorded a pronounced contraction. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+35.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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