Ecuador: Market for Motorcycles and Cycles With an Auxiliary Motor 2025

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

The Ecuadorian market for motorcycles and cycles with an auxiliary motor dropped sharply to $X in 2021, falling by -24.1% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Production of Motorcycles and Cycles With an Auxiliary Motor in Ecuador

In value terms, production of motorcycles and cycles with an auxiliary motor dropped rapidly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 100%. As a result, production attained the peak level of $X, and then contracted notably in the following year.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Ecuador

For the third consecutive year, Ecuador recorded growth in shipments abroad of motorcycles and cycles with an auxiliary motor, which increased by 15% to X units in 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 500%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of motorcycles and cycles with an auxiliary motor shrank slightly to $X in 2021. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 389% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Panama (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Panama totaled +43.8%.

In value terms, Panama ($X) also remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to Panama amounted to +18.5%.

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, waning by -14.2% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 35%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2021, the rate of growth in terms of prices for Panama amounted to -17.4% per year.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Ecuador

In 2021, supplies from abroad of motorcycles and cycles with an auxiliary motor decreased by -10.3% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 1,074% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor skyrocketed to $X in 2021. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 607%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main motorcycles and cycles with an auxiliary motor supplier to Ecuador, with a 91% share of total imports. It was followed by Austria (X units), with a 2.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+15.3% per year) and Japan (-1.6% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Ecuador, comprising 50% of total imports. The second position in the ranking was held by Austria ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+42.4% per year) and Japan (+11.4% per year).

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, surging by 31% against the previous year. Overall, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2019 an increase of 120%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+22.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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