Ireland: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Ireland

In 2021, the Irish motorcycle and bicycle market increased by 51% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.4% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Motorcycle And Bicycle Exports

Exports from Ireland

In 2021, shipments abroad of motorcycles and bicycles decreased by -21.8% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 108% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, motorcycle and bicycle exports contracted to $X in 2021. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 54%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for motorcycle and bicycle exports from Ireland, with a approx. 130% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at -4.1%.

In value terms, the UK ($X) also remains the key foreign market for motorcycles and bicycles exports from Ireland.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +4.8%.

Export Prices by Country

The average motorcycle and bicycle export price stood at $X per unit in 2021, surging by 8.7% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 77%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +9.3% per year.

Motorcycle And Bicycle Imports

Imports into Ireland

In 2021, overseas purchases of motorcycles and bicycles increased by 39% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.9% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Philippines (X units), Taiwan (Chinese) (X units) and the UK (X units) were the main suppliers of motorcycle and bicycle imports to Ireland, with a combined 57% share of total imports. China, Cambodia, Tunisia, Turkey, Bangladesh, France, the Netherlands, Indonesia and Thailand lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +135.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and bicycle suppliers to Ireland were Taiwan (Chinese) ($X), the UK ($X) and the Netherlands ($X), with a combined 31% share of total imports. These countries were followed by the Philippines, China, France, Thailand, Cambodia, Turkey, Indonesia, Bangladesh and Tunisia, which together accounted for a further 44%.

Turkey, with a CAGR of +152.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2021, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2018 when the average import price increased by 25%. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Thailand ($X per unit), while the price for Tunisia ($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 (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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