Lithuania: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Lithuania

The Lithuanian motorcycle, scooter and side-car market contracted remarkably to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2021, and then dropped significantly in the following year.

Production of Motorcycles, Scooters and Side-Cars in Lithuania

In value terms, motorcycle, scooter and side-car production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in years to come.

Exports of Motorcycles, Scooters and Side-Cars

Exports from Lithuania

In 2022, shipments abroad of motorcycles, scooters and side-cars increased by X% to X units, rising for the seventh consecutive year after two years of decline. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, motorcycle, scooter and side-car exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X units) was the main destination for motorcycle, scooter and side-car exports from Lithuania, accounting for a X% share of total exports. Moreover, motorcycle, scooter and side-car exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X units), sevenfold. Estonia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Estonia (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for motorcycles, scooters and side-cars exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the average motorcycle, scooter and side-car export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced a decline.

Imports of Motorcycles, Scooters and Side-Cars

Imports into Lithuania

After six years of growth, purchases abroad of motorcycles, scooters and side-cars decreased by X% to X units in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then declined modestly in the following year.

In value terms, motorcycle, scooter and side-car imports expanded remarkably to $X in 2022. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motorcycle, scooter and side-car to Lithuania, with a X% share of total imports. Moreover, motorcycle, scooter and side-car imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sevenfold. The third position in this ranking was taken by Romania (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Romania (X% per year).

In value terms, Germany ($X), China ($X) and Poland ($X) were the largest motorcycle, scooter and side-car suppliers to Lithuania, together comprising X% of total imports. The United States, Italy, the Netherlands, Latvia and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Romania, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average motorcycle, scooter and side-car import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform