MENA: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in MENA

The MENA's motorcycle and bicycle market surged to $X in 2021, increasing by 22% against the previous year. Overall, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Motorcycle And Bicycle Production in MENA

In value terms, motorcycle and bicycle production soared to $X in 2021 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 84%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Motorcycle And Bicycle Exports

Exports in MENA

In 2021, overseas shipments of motorcycles and bicycles increased by 35% to X units, rising for the fourth year in a row after two years of decline. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, motorcycle and bicycle exports surged to $X in 2021. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 52% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Turkey (X units) and Tunisia (X units) prevails in exports structure, together generating 96% of total exports. The United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +10.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest motorcycle and bicycle supplier in MENA, comprising 61% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 28% share of total exports.

In Turkey, motorcycle and bicycle exports expanded at an average annual rate of +13.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Tunisia (+6.0% per year) and the United Arab Emirates (+2.4% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, falling by -6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2016 an increase of 35%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Motorcycle And Bicycle Imports

Imports in MENA

In 2021, supplies from abroad of motorcycles and bicycles increased by 19% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, imports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 11,202%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, motorcycle and bicycle imports surged to $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) represented the largest importers of motorcycles and bicycles in 2021, reaching near 22% and 20% of total imports, respectively. Iraq (X units) held the next position in the ranking, followed by Israel (X units), Iran (X units) and Morocco (X units). All these countries together took near 33% share of total imports. The following importers - Yemen (X units), Kuwait (X units), Turkey (X units), Qatar (X units), Algeria (X units), Libya (X units) and Oman (X units) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Morocco (with a CAGR of +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and bicycle importing markets in MENA were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), together comprising 49% of total imports. These countries were followed by Morocco, Iran, Iraq, Saudi Arabia, Yemen, Kuwait, Algeria, Qatar, Libya and Oman, which together accounted for a further 43%.

In terms of the main importing countries, Yemen, with a CAGR of +27.0%, recorded 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

The import price in MENA stood at $X per unit in 2021, surging by 22% against the previous year. Overall, the import price continues to indicate slight growth. The pace of growth appeared the most rapid in 2015 when the import price increased by 7,782%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+16.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform