Report Update Nov 1, 2024

Cuba - Motorcycles and Scooters - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Motorcycles, Scooters And Side-Cars 2024

Market Size for Motorcycles, Scooters And Side-Cars in Cuba

In 2021, after four years of growth, there was significant decline in the Cuban motorcycle, scooter and side-car market, when its value decreased by -19.5% to $X. Overall, consumption, however, enjoyed a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then dropped significantly in the following year.

Exports of Motorcycles, Scooters And Side-Cars

Exports from Cuba

In 2021, the amount of motorcycles, scooters and side-cars exported from Cuba surged to X units, increasing by 150% on the previous year. In general, exports, however, saw a mild reduction. The pace of growth was the most pronounced in 2019 when exports increased by 244%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, motorcycle, scooter and side-car exports soared to $X in 2021. Overall, exports, however, saw a slight setback. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units), El Salvador (X units) and Spain (X units) were the main destinations of motorcycle, scooter and side-car exports from Cuba, with a combined 50% share of total exports.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +4.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Panama ($X) remains the key foreign market for motorcycles, scooters and side-cars exports from Cuba, comprising 39% of total exports. The second position in the ranking was held by Spain ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Panama totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-15.2% per year) and El Salvador (+2.7% per year).

Export Prices by Country

In 2021, the average motorcycle, scooter and side-car export price amounted to $X per unit, picking up by 39% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 125%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Panama ($X per unit), while the average price for exports to El Salvador ($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 (+12.1%), while the prices for the other major destinations experienced a decline.

Imports of Motorcycles, Scooters And Side-Cars

Imports into Cuba

After four years of growth, supplies from abroad of motorcycles, scooters and side-cars decreased by -0.3% to X units in 2021. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 139%. Over the period under review, imports attained the peak figure at X units in 2020, and then dropped in the following year.

In value terms, motorcycle, scooter and side-car imports dropped markedly to $X in 2021. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2017 when imports increased by 93% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest motorcycle, scooter and side-car supplier to Cuba, with a 37% share of total imports. Moreover, motorcycle, scooter and side-car imports from China exceeded the figures recorded by the second-largest supplier, Panama (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+20.2% per year) and the Czech Republic (-46.5% per year).

In value terms, China ($X), Panama ($X) and the Czech Republic ($X) appeared to be the largest motorcycle, scooter and side-car suppliers to Cuba, together comprising 49% of total imports.

Among the main suppliers, Panama, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average motorcycle, scooter and side-car import price stood at $X per unit in 2021, which is down by -33.8% against the previous year. Over the period under review, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 77%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for motorcycles, scooters and side-cars in the world?

The countries with the highest volumes of in 2021 were India, China and Vietnam, together accounting for 52% of global consumption. The United States, Japan, Germany, Pakistan and France lagged somewhat behind, together accounting for a further 15%.

What are the largest producers of motorcycles, scooters and side-cars in the world?

The countries with the highest volumes of in 2021 were China, India and Vietnam, together accounting for 72% of global production. These countries were followed by the United States, Japan, Pakistan, Taiwan Chinese) and Thailand, which together accounted for a further 12%.

What are the leading suppliers of motorcycles, scooters and side-cars to Cuba?

In value terms, Panama constituted the largest supplier of motorcycle, scooter and side-car to Cuba, comprising 55% of total imports. The second position in the ranking was occupied by China, with a 25% share of total imports. It was followed by the Czech Republic, with a 5.8% share.

What are the leading importers of motorcycles, scooters and side-cars from Cuba?

In value terms, Germany remains the key foreign market for motorcycle, scooter and side-car exports from Cuba, comprising 75% of total exports. The second position in the ranking was occupied by Spain, with a 5.9% share of total exports.

What is the average export price for motorcycles, scooters and side-cars in Cuba?

The average motorcycle, scooter and side-car export price stood at $1,149 per unit in 2021, growing by 112% against the previous year.

What is the average import price for motorcycles, scooters and side-cars in Cuba?

In 2021, the average motorcycle, scooter and side-car import price amounted to $1,286 per unit, waning by -16.4% against the previous year.

This report provides an in-depth analysis of the market for motorcycle, scooter and side-car in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
Prodcom 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023