MERCOSUR: Market for Cycles with Auxiliary Motors and Side Cars 2024

Exports of Cycles with Auxiliary Motors and Side Cars

Exports in MERCOSUR

In 2021, shipments abroad of cycles with auxiliary motors and side cars increased by 250% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 263% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of cycles with auxiliary motors and side cars skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 391%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Chile (X units) was the main exporter of cycles with auxiliary motors and side cars, achieving 57% of total exports. It was distantly followed by Brazil (X units) and Colombia (X units), together creating a 39% share of total exports. Peru (X units) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +64.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the largest cycle with auxiliary motor and side car supplier in MERCOSUR, comprising 64% of total exports. The second position in the ranking was held by Brazil ($X), with a 21% share of total exports. It was followed by Colombia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Chile stood at -22.6%. In the other countries, the average annual rates were as follows: Brazil (+69.8% per year) and Colombia (+42.4% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, declining by -3.5% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 101% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 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 Colombia ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports in MERCOSUR

In 2021, the amount of cycles with auxiliary motors and side cars imported in MERCOSUR surged to X units, rising by 23% compared with the year before. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2019 when imports increased by 135%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, imports of cycles with auxiliary motors and side cars surged to $X in 2021. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 73% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Chile was the largest importing country with an import of around X units, which finished at 45% of total imports. Brazil (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (11%), Colombia (7.2%), Peru (7.1%) and Uruguay (6.6%). Ecuador (X units) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the cycles with auxiliary motors and side cars imports, with a CAGR of +53.6% from 2012 to 2021. At the same time, Argentina (+52.6%), Uruguay (+42.5%), Ecuador (+38.9%), Peru (+34.4%), Colombia (+26.1%) and Brazil (+13.8%) displayed positive paces of growth. Chile (+33 p.p.), Argentina (+7.8 p.p.) and Uruguay (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Colombia and Brazil saw its share reduced by -3.8% and -44.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported cycles with auxiliary motors and side cars in MERCOSUR, comprising 30% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Argentina, with a 12% share.

In Chile, imports of cycles with auxiliary motors and side cars expanded at an average annual rate of +39.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+12.9% per year) and Argentina (+53.5% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, growing by 12% against the previous year. In general, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the import price increased by 29%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform