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

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

In 2021, the Hungarian market for motorcycles and cycles with an auxiliary motor decreased by -15.9% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption faced a abrupt downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Hungary

In value terms, production of motorcycles and cycles with an auxiliary motor reduced to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 when the production volume increased by 22% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Hungary

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor decreased by -50.5% to X units, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 43%. Over the period under review, the exports of reached the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of motorcycles and cycles with an auxiliary motor reduced markedly to $X in 2021. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 42% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Hungary, with a 58% 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, Denmark (X units), fourfold. Romania (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.3% per year) and Romania (+9.8% per year).

In value terms, Germany ($X) remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Hungary, comprising 63% of total exports. The second position in the ranking was taken by Denmark ($X), with a 13% share of total exports. It was followed by Romania, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+3.9% per year) and Romania (+10.6% per year).

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2019 an increase of 51% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Serbia ($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 Slovakia (+9.9%), 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 Hungary

In 2021, approx. X units of motorcycles and cycles with an auxiliary motor were imported into Hungary; shrinking by -29% compared with the year before. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 55% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor shrank dramatically to $X in 2021. In general, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 63%. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Hungary, accounting for a 46% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.1% per year) and Italy (-3.5% per year).

In value terms, Slovakia ($X), Italy ($X) and Japan ($X) appeared to be the largest motorcycles and cycles with an auxiliary motor suppliers to Hungary, with a combined 64% share of total imports. These countries were followed by China, Turkey and Slovenia, which together accounted for a further 29%.

In terms of the main suppliers, Turkey, with a CAGR of +167.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, growing by 2.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 27%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Slovakia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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