Latin America and the Caribbean: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Latin America and the Caribbean

The Latin American motorcycle, scooter and side-car market contracted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a noticeable reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Motorcycles, Scooters and Side-Cars in Latin America and the Caribbean

In value terms, motorcycle, scooter and side-car production contracted slightly to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Motorcycles, Scooters and Side-Cars

Exports in Latin America and the Caribbean

In 2022, shipments abroad of motorcycles, scooters and side-cars increased by X% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, motorcycle, scooter and side-car exports rose sharply to $X in 2022. In general, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X units) was the key exporter of motorcycles, scooters and side-cars, generating X% of total exports. Colombia (X units) ranks second in terms of the total exports with a X% share, followed by Chile (X%) and Guatemala (X%). Mexico (X units) and Panama (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to motorcycle, scooter and side-car exports from Brazil stood at X%. At the same time, Mexico (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Guatemala (X%), Panama (X%) and Chile (X%) illustrated a downward trend over the same period. Colombia (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while Panama and Chile saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest motorcycle, scooter and side-car supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

In Brazil, motorcycle, scooter and side-car exports plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, growing by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle, scooter and side-car export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the other leaders experienced more modest paces of growth.

Imports of Motorcycles, Scooters and Side-Cars

Imports in Latin America and the Caribbean

In 2022, imports of motorcycles, scooters and side-cars in Latin America and the Caribbean declined rapidly to X units, shrinking by X% on 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, motorcycle, scooter and side-car imports reduced to $X in 2022. Total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Argentina (X units) and Mexico (X units) were the key importers of motorcycles, scooters and side-cars in Latin America and the Caribbean, together generating X% of total imports. Peru (X units) ranks next in terms of the total imports with an X% share, followed by Ecuador (X%), Chile (X%) and Brazil (X%). The following importers - Colombia (X units), Honduras (X units), Guatemala (X units), Uruguay (X units), Haiti (X units), Bolivia (X units) and Paraguay (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Mexico ($X) and Guatemala ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Guatemala, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price saw slight growth. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :