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

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

In 2021, the Greek market for motorcycles and cycles with an auxiliary motor decreased by -5.6% to $X, falling for the second year in a row after three years of growth. In general, consumption continues to indicate a perceptible decrease. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Greece

In value terms, production of motorcycles and cycles with an auxiliary motor declined remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 194% against the previous year. Production of peaked at $X in 2020, and then fell remarkably in the following year.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Greece

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor increased by 220% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports recorded a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by 354% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of motorcycles and cycles with an auxiliary motor surged to $X in 2021. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 249%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Greece, accounting for a 64% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to Germany exceeded the volume sent to the second major destination, Romania (X units), fourfold. The third position in this ranking was taken by the Netherlands (X units), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+20.2% per year) and the Netherlands (+60.3% per year).

In value terms, Germany ($X) emerged as the key foreign market for motorcycles and cycles with an auxiliary motor exports from Greece, comprising 63% of total exports. The second position in the ranking was held by Romania ($X), with a 13% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+12.4% per year) and Spain (-12.1% per year).

Export Prices by Country

The average export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, falling by -43.6% against the previous year. In general, the export price saw a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 93%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to North Macedonia ($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 Netherlands (+29.6%), 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 Greece

In 2021, approx. X units of motorcycles and cycles with an auxiliary motor were imported into Greece; growing by 6.9% against the previous year. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 39%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of motorcycles and cycles with an auxiliary motor surged to $X in 2021. Overall, imports posted a resilient increase. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Greece, with a 66% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from Italy exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Belgium (X units), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.3% per year) and Belgium (+47.2% per year).

In value terms, Italy ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Greece, comprising 92% of total imports. The second position in the ranking was taken by China ($X), with a 5.5% share of total imports. It was followed by Germany, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.5% per year) and Germany (+46.0% 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, with an increase of 55% against the previous year. In general, the import price saw a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per unit), while the price for Belgium ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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