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

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

The Iranian market for motorcycles and cycles with an auxiliary motor dropped significantly to $X in 2021, with a decrease of -21.8% against the previous year. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Iran

In value terms, production of motorcycles and cycles with an auxiliary motor declined markedly to $X in 2021 estimated in export price. Over the period under review, production saw a deep slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 89% 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 Iran

In 2021, shipments abroad of motorcycles and cycles with an auxiliary motor decreased by 0% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of 400%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, exports of motorcycles and cycles with an auxiliary motor amounted to $X in 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 407% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan stood at +15.8%.

In value terms, Azerbaijan ($X) emerged as the key foreign market for motorcycles and cycles with an auxiliary motor exports from Iran.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan amounted to +24.2%.

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, shrinking by -4.2% against the previous year. Over the period under review, the export price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2016 when the average export price increased by 145%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Azerbaijan amounted to +7.4% per year.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Iran

In 2021, overseas purchases of motorcycles and cycles with an auxiliary motor increased by 26% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 118% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of motorcycles and cycles with an auxiliary motor reduced to $X in 2021. Overall, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 221%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X units) constituted the largest motorcycles and cycles with an auxiliary motor supplier to Iran, accounting for a 51% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Oman (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia totaled +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.6% per year) and Oman (-3.1% per year).

In value terms, Malaysia ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Iran, comprising 43% of total imports. The second position in the ranking was taken by Oman ($X), with a 17% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (-9.2% per year) and China (+10.5% 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, which is down by -24.4% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 47% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kuwait ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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