Cyprus: Motorcycle And Scooter Market 2020

Motorcycle And Scooter Market Size in Cyprus

The revenue of the motorcycle and scooter market in Cyprus amounted to $X in 2018, going up by X% 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, motorcycle and scooter consumption continues to indicate a deep decline. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. In that year, the motorcycle and scooter market reached its peak level of $X. From 2009 to 2018, the growth of the motorcycle and scooter market remained at a lower figure.

Motorcycle And Scooter Exports

Exports from Cyprus

In 2018, the amount of motorcycles and scooters exported from Cyprus totaled X units, lowering by -X% against the previous year. In general, motorcycle and scooter exports continue to indicate a drastic decrease. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, motorcycle and scooter exports attained their maximum at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, motorcycle and scooter exports amounted to $X in 2018. Overall, motorcycle and scooter exports continue to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Cyprus exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China was the main exporting country with an export of about X units, which resulted at X% of total exports. India (X units) ranks second in terms of the total exports with a X% share, followed by Thailand (X%) and Indonesia (X%). Austria (X units), Japan (X units) and Vietnam (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of motorcycles and scooters exports. At the same time, Indonesia (+X%), Vietnam (+X%), India (+X%) and Austria (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Japan (-X%) and Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of India, Indonesia, Austria and Vietnam increased by +X%, +X%, +X% and +X% percentage points, while Japan (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motorcycle and scooter markets from Cyprus were China ($X), Japan ($X) and India ($X), together accounting for X% of total exports. These countries were followed by Thailand, Austria, Indonesia, Vietnam and Cyprus, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The motorcycle and scooter export price in Cyprus stood at $X per unit in 2018, rising by X% against the previous year. Overall, the motorcycle and scooter export price continues to indicate remarkable growth. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. In that year, the export prices for motorcycles and scooters reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Motorcycle And Scooter Imports

Imports into Cyprus

In 2018, the motorcycle and scooter imports into Cyprus amounted to X units, dropping by -X% against the previous year. In general, motorcycle and scooter imports continue to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, motorcycle and scooter imports reached their peak figure at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, motorcycle and scooter imports totaled $X in 2018. In general, motorcycle and scooter imports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, motorcycle and scooter imports attained their peak of $X. From 2009 to 2018, the growth of motorcycle and scooter imports remained at a somewhat lower figure.

Imports by Country

The U.S. (X units) and the Philippines (X units) were the main importers of motorcycles and scooters in 2018, finishing at near X% and X% of total imports, respectively. Germany (X units) ranks next in terms of the total imports with a X% share, followed by Argentina (X%). Myanmar (X units), Italy (X units), the Netherlands (X units), France (X units), Sri Lanka (X units), Bangladesh (X units), Thailand (X units) and Mexico (X units) occupied a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Thailand, while the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and scooter importing markets into Cyprus were the U.S. ($X), France ($X) and the Philippines ($X), together accounting for X% of total imports. These countries were followed by Germany, Italy, the Netherlands, Argentina, Myanmar, Mexico, Thailand, Bangladesh, Sri Lanka and Cyprus, which together accounted for a further X terms of the main importing countries, Thailand recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The motorcycle and scooter import price in Cyprus stood at $X per unit in 2018, rising by X% against the previous year. In general, the import price indicated a mild expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, motorcycle and scooter import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Cyprus import price peaked at $X per unit in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform