GCC: Market for Cycles with Auxiliary Motors and Side Cars 2025

Market Size for Cycles with Auxiliary Motors and Side Cars in GCC

After two years of growth, the GCC market for cycles with auxiliary motors and side cars decreased by -12.8% to $X in 2021. Overall, consumption posted significant growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Production of Cycles with Auxiliary Motors and Side Cars in GCC

In value terms, production of cycles with auxiliary motors and side cars declined dramatically to $X in 2021 estimated in export price. Overall, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,987%. Over the period under review, production of attained the peak level at $X in 2020, and then shrank dramatically in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports in GCC

Exports of cycles with auxiliary motors and side cars soared to X units in 2021, rising by 42% on 2020. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 71% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of cycles with auxiliary motors and side cars shrank to $X in 2021. Over the period under review, exports posted prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by 57%. The level of export peaked at $X in 2020, and then declined in the following year.

Exports by Country

The United Arab Emirates represented the key exporter of cycles with auxiliary motors and side cars in GCC, with the volume of exports recording X units, which was approx. 61% of total exports in 2021. Saudi Arabia (X units) took the second position in the ranking, distantly followed by Kuwait (X units). All these countries together held near 38% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the cycles with auxiliary motors and side cars exports, with a CAGR of +19.0% from 2012 to 2021. At the same time, Kuwait (+13.7%) and Saudi Arabia (+11.1%) displayed positive paces of growth. While the share of the United Arab Emirates (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-12.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), Kuwait ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Kuwait, with a CAGR of +9.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, with a decrease of -35.2% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 49%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (-3.4%), while the other leaders experienced a decline in the export price figures.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports in GCC

For the fourth consecutive year, GCC recorded growth in supplies from abroad of cycles with auxiliary motors and side cars, which increased by 86% to X units in 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 163%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, imports of cycles with auxiliary motors and side cars surged to $X in 2021. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 296%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the two major importers of cycles with auxiliary motors and side cars, namely Qatar and the United Arab Emirates, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +25.3%).

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported cycles with auxiliary motors and side cars in GCC, comprising 81% of total imports. The second position in the ranking was held by Qatar ($X), with a 4.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +14.8%.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, declining by -4.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 169% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.5%).

Source: IndexBox Platform