Ecuador: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in Ecuador

In 2021, the Ecuadorian motorcycle and bicycle market increased by 65% to $X, rising for the fifth year in a row after three years of decline. In general, consumption showed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Motorcycle And Bicycle Production in Ecuador

In value terms, motorcycle and bicycle production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 6,408% against the previous year. Motorcycle and bicycle production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Motorcycle And Bicycle Exports

Exports from Ecuador

In 2021, shipments abroad of motorcycles and bicycles decreased by 0% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 214%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, motorcycle and bicycle exports expanded slightly to $X in 2021. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 348% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for motorcycle and bicycle exports from Ecuador, accounting for a 1,400% share of total exports. Moreover, motorcycle and bicycle exports to the United States exceeded the volume sent to the second major destination, Panama (X units), threefold. The third position in this ranking was taken by Cuba (X units), with a 100% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-1.6% per year) and Cuba (-15.0% per year).

In value terms, the United States ($X) remains the key foreign market for motorcycles and bicycles exports from Ecuador, comprising 448% of total exports. The second position in the ranking was held by China ($X), with a 62% share of total exports. It was followed by Cuba, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Cuba (-19.0% per year).

Export Prices by Country

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, surging by 3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 220% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

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 China ($X per unit), while the average price for exports to Panama ($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 the United States (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.

Motorcycle And Bicycle Imports

Imports into Ecuador

Motorcycle and bicycle imports into Ecuador soared to X units in 2021, with an increase of 44% on the year before. Overall, imports saw a measured expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle imports skyrocketed to $X in 2021. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the main motorcycle and bicycle supplier to Ecuador, accounting for a 92% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.6%.

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to Ecuador, comprising 70% of total imports. The second position in the ranking was taken by India ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.8%.

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2021, jumping by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2014 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%).

Source: IndexBox Platform

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