Latin America and the Caribbean: Motorcycle And Scooter Market 2022

Motorcycle And Scooter Market Size in Latin America and the Caribbean

The Latin American motorcycle and scooter market shrank significantly to $X in 2020, falling by -X% against the previous year. Overall, consumption recorded a noticeable decline. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The level of consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Motorcycle And Scooter Production in Latin America and the Caribbean

In value terms, motorcycle and scooter production contracted to $X in 2020 estimated in export prices. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

Brazil (X units) remains the largest motorcycle and scooter producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, motorcycle and scooter production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X units), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume in Brazil stood at -X%. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+X% per year) and Peru (-X% per year).

Motorcycle And Scooter Exports

Exports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded decline in shipments abroad of motorcycles and scooters, which decreased by -X% to X units in 2020. In general, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. The volume of export peaked at X units in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, motorcycle and scooter exports skyrocketed to $X in 2020. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Brazil was the main exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by Colombia (X units) and Mexico (X units), together committing a X% share of total exports.

Exports from Brazil decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Mexico (+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 2007-2020. By contrast, Colombia (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Mexico and Colombia increased by +X% and +X% percentage points, while Brazil (-X p.p.) saw their share reduced.

In value terms, Brazil ($X), Mexico ($X) and Colombia ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

Mexico recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2020, the motorcycle and scooter export price in Latin America and the Caribbean amounted to $X per unit, jumping by X% against the previous year. Export price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Mexico ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced mixed trends in the export price figures.

Motorcycle And Scooter Imports

Imports in Latin America and the Caribbean

In 2020, supplies from abroad of motorcycles and scooters decreased by -X% to X units, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable curtailment. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, motorcycle and scooter imports contracted remarkably to $X in 2020. Over the period under review, imports saw a mild downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

Mexico (X units), Argentina (X units) and Peru (X units) represented roughly X% of total imports of motorcycles and scooters in 2020. Ecuador (X units) ranks next in terms of the total imports with a X% share, followed by Honduras (X%), Guatemala (X%) and Bolivia (X%).

From 2007 to 2020, the biggest increases were in Bolivia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and scooter importing markets in Latin America and the Caribbean were Mexico ($X), Argentina ($X) and Guatemala ($X), with a combined X% share of total imports. Peru, Ecuador, Honduras and Bolivia lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of imports, in terms of 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

In 2020, the motorcycle and scooter import price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2016; afterwards, it flattened through to 2020.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Guatemala ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Guatemala, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform