Mexico: Market for Motorcycles and Cycles With an Auxiliary Motor 2025

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Mexico

In 2021, the Mexican market for motorcycles and cycles with an auxiliary motor increased by 0.8% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Mexico

In value terms, production of motorcycles and cycles with an auxiliary motor dropped to $X in 2021 estimated in export price. Over the period under review, production saw a deep setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by 32%. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Mexico

In 2021, shipments abroad of motorcycles and cycles with an auxiliary motor increased by 94% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 400%. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor surged to $X in 2021. Overall, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 267% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Jordan (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Mexico, accounting for a 79% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to Jordan exceeded the volume sent to the second major destination, Belize (X units), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Jordan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+17.0% per year) and the United Arab Emirates (-43.3% per year).

In value terms, Jordan ($X) emerged as the key foreign market for motorcycles and cycles with an auxiliary motor exports from Mexico, comprising 77% of total exports. The second position in the ranking was held by Belize ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Jordan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+22.7% per year) and the United Arab Emirates (-43.3% per year).

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, with an increase of 17% against the previous year. Overall, the export price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2015 an increase of 464% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belize ($X per unit), while the average price for exports to Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Mexico

Imports of motorcycles and cycles with an auxiliary motor into Mexico skyrocketed to X units in 2021, growing by 44% against the previous year. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +116.6% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of motorcycles and cycles with an auxiliary motor surged to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.3% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 42%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of motorcycles and cycles with an auxiliary motor to Mexico, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.1%.

In value terms, China ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.4%.

Import Prices by Country

In 2021, the average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, declining by -10.6% against the previous year. Over the period under review, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 72% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +5.9% per year.

Source: IndexBox Platform

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