Colombia: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in Colombia

The Colombian motorcycle and bicycle market skyrocketed to $X in 2021, increasing by 76% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a prominent increase. Motorcycle and bicycle consumption peaked in 2021 and is likely to see steady growth in years to come.

Motorcycle And Bicycle Exports

Exports from Colombia

In 2021, motorcycle and bicycle exports from Colombia skyrocketed to X units, growing by 55% compared with the previous year. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 227%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, motorcycle and bicycle exports soared to $X in 2021. In general, exports continue to indicate measured growth. The pace of growth appeared the most rapid in 2019 when exports increased by 130%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Ecuador (X units) was the main destination for motorcycle and bicycle exports from Colombia, accounting for a 82% share of total exports. Moreover, motorcycle and bicycle exports to Ecuador exceeded the volume sent to the second major destination, the United States (X units), ninefold. The third position in this ranking was taken by Chile (X units), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+102.8% per year) and Chile (+35.4% per year).

In value terms, Ecuador ($X) remains the key foreign market for motorcycles and bicycles exports from Colombia, comprising 80% of total exports. The second position in the ranking was held by Chile ($X), with an 8.1% share of total exports. It was followed by Peru, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+30.6% per year) and Peru (+14.7% per year).

Export Prices by Country

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, waning by -25.7% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motorcycle and bicycle export price decreased by -51.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 114%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

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 Panama ($X per unit), while the average price for exports to Hong Kong SAR ($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 Panama (+15.7%), while the prices for the other major destinations experienced mixed trend patterns.

Motorcycle And Bicycle Imports

Imports into Colombia

In 2021, approx. X units of motorcycles and bicycles were imported into Colombia; growing by 57% compared with 2020. Overall, imports saw a strong increase. The growth pace was the most rapid in 2017 when imports increased by 114%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, motorcycle and bicycle imports skyrocketed to $X in 2021. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 305%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest motorcycle and bicycle supplier to Colombia, accounting for a 47% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Cambodia (X units), more than tenfold. The third position in this ranking was held by India (X units), with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+57.9% per year) and India (-30.2% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to Colombia, comprising 12% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1.9% share of total imports. It was followed by India, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.1% per year) and India (-28.6% per year).

Import Prices by Country

In 2021, the average motorcycle and bicycle import price amounted to $X per unit, rising by 25% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 90%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 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 Indonesia ($X per unit), while the price for Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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