Denmark: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Denmark

The Danish market for motorcycles and cycles with an auxiliary motor shrank significantly to $X in 2021, falling by -17.3% 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). Over the period under review, consumption continues to indicate a abrupt decrease. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Denmark

In 2021, shipments abroad of motorcycles and cycles with an auxiliary motor decreased by -54.6% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 212% against the previous year. The exports peaked at X units in 2020, and then dropped significantly in the following year.

In value terms, exports of motorcycles and cycles with an auxiliary motor reduced notably to $X in 2021. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 301% against the previous year. The exports peaked at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

The Netherlands (X units), Sweden (X units) and Poland (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from Denmark, together comprising 60% of total exports. These countries were followed by Germany, Estonia, Norway, Italy, Greenland and the UK, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +65.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Sweden ($X) and Poland ($X) appeared to be the largest markets for motorcycles and cycles with an auxiliary motor exported from Denmark worldwide, together comprising 69% of total exports. Estonia, Germany, Norway, Italy, Greenland and the UK lagged somewhat behind, together comprising a further 23%.

Estonia, with a CAGR of +78.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, surging by 11% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 94%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average 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 Estonia ($X per unit), while the average price for exports to Italy ($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 Estonia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Denmark

In 2021, the amount of motorcycles and cycles with an auxiliary motor imported into Denmark reduced sharply to X units, declining by -40.1% compared with 2020 figures. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by 84%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor reduced dramatically to $X in 2021. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 140%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Sweden (X units) were the main suppliers of imports of motorcycles and cycles with an auxiliary motor to Denmark, together comprising 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +97.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Denmark, comprising 62% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Sweden, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.7% per year) and Sweden (+69.7% per year).

Import Prices by Country

In 2021, the average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, jumping by 32% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Poland ($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 (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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