Portugal: Motorcycle And Scooter Market 2024

Motorcycle And Scooter Market Size in Portugal

In 2022, the Portuguese motorcycle and scooter market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a prominent expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Motorcycle And Scooter Production in Portugal

In value terms, motorcycle and scooter production reached $X in 2022 estimated in export price. In general, production recorded a buoyant increase. The growth pace was the most rapid in 2021 when the production volume increased by X%. Motorcycle and scooter production peaked in 2022 and is expected to retain growth in the immediate term.

Motorcycle And Scooter Exports

Exports from Portugal

In 2022, after five years of growth, there was decline in shipments abroad of motorcycles and scooters, when their volume decreased by X% to X units. Overall, exports, however, saw perceptible growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X units in 2021, and then dropped modestly in the following year.

In value terms, motorcycle and scooter exports reduced to $X in 2022. In general, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Spain (X units) was the main destination for motorcycle and scooter exports from Portugal, with a X% share of total exports. Moreover, motorcycle and scooter exports to Spain exceeded the volume sent to the second major destination, France (X units), ninefold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

In value terms, Spain ($X) remains the key foreign market for motorcycles and scooters exports from Portugal, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Angola (X% per year).

Export Prices by Country

The average motorcycle and scooter export price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Italy ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Scooter Imports

Imports into Portugal

Motorcycle and scooter imports into Portugal rose sharply to X units in 2022, surging by X% compared with 2021. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, motorcycle and scooter imports reached $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of motorcycle and scooter to Portugal, accounting for a X% share of total imports. Moreover, motorcycle and scooter imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, Spain ($X) constituted the largest supplier of motorcycles and scooters to Portugal, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average motorcycle and scooter import price amounted to $X per unit, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average 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 Austria ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform