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

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

In 2021, the Greek market for cycles with auxiliary motors and side cars increased by 66% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption continues to indicate strong growth. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Greece

For the third year in a row, Greece recorded growth in shipments abroad of cycles with auxiliary motors and side cars, which increased by 92% to X units in 2021. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 392% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of cycles with auxiliary motors and side cars skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 444% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The Netherlands (X units) was the main destination for exports of cycles with auxiliary motors and side cars from Greece, accounting for a 38% share of total exports. Moreover, exports of cycles with auxiliary motors and side cars to the Netherlands exceeded the volume sent to the second major destination, Italy (X units), twofold. Cyprus (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +357.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+334.7% per year) and Cyprus (+143.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for cycles with auxiliary motors and side cars exports from Greece, comprising 73% of total exports. The second position in the ranking was held by Cyprus ($X), with a 12% share of total exports. It was followed by Iceland, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +500.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+115.1% per year) and Iceland (+295.9% per year).

Export Prices by Country

The average export price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, jumping by 72% against the previous year. In general, the export price saw a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by 506% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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 the Netherlands ($X per unit), while the average price for exports to Bulgaria ($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 Poland (+60.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports into Greece

In 2021, purchases abroad of cycles with auxiliary motors and side cars increased by 79% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 182% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of cycles with auxiliary motors and side cars skyrocketed to $X in 2021. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 126% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of cycle with auxiliary motor and side car to Greece, with a 60% share of total imports. Moreover, imports of cycles with auxiliary motors and side cars from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sevenfold. Spain (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +45.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+27.3% per year) and Spain (+153.5% per year).

In value terms, China ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to Greece, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by the Netherlands, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+54.6% per year) and the Netherlands (+40.2% per year).

Import Prices by Country

The average import price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, which is down by -21.4% against the previous year. Overall, the import price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 176%. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 the Netherlands (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :