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

Market Size for Cycles with Auxiliary Motors and Side Cars in Portugal

The Portuguese market for cycles with auxiliary motors and side cars dropped remarkably to $X in 2021, with a decrease of -43% against the previous year. Over the period under review, consumption saw a perceptible slump. Consumption of peaked at $X in 2020, and then shrank markedly in the following year.

Production of Cycles with Auxiliary Motors and Side Cars in Portugal

In value terms, production of cycles with auxiliary motors and side cars fell to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.1% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of 40%. Over the period under review, production of attained the peak level at $X in 2020, and then reduced in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Portugal

In 2021, approx. X units of cycles with auxiliary motors and side cars were exported from Portugal; with an increase of 130% on 2020 figures. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 926%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of cycles with auxiliary motors and side cars soared to $X in 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 712% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Spain (X units) was the main destination for exports of cycles with auxiliary motors and side cars from Portugal, accounting for a 40% share of total exports. Moreover, exports of cycles with auxiliary motors and side cars to Spain exceeded the volume sent to the second major destination, France (X units), twofold. The Netherlands (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +241.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+260.4% per year) and the Netherlands (+264.9% per year).

In value terms, Spain ($X) remains the key foreign market for cycles with auxiliary motors and side cars exports from Portugal, comprising 41% of total exports. The second position in the ranking was taken by France ($X), with a 19% share of total exports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +228.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+295.6% per year) and the Netherlands (+154.3% per year).

Export Prices by Country

The average export price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, which is down by -14.6% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 13%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per unit) and France ($X per unit), while the average price for exports to Germany ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports into Portugal

For the sixth year in a row, Portugal recorded growth in overseas purchases of cycles with auxiliary motors and side cars, which increased by 64% to X units in 2021. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2019 with an increase of 85%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of cycles with auxiliary motors and side cars surged to $X in 2021. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest cycle with auxiliary motor and side car supplier to Portugal, accounting for a 52% share of total imports. Moreover, imports of cycles with auxiliary motors and side cars from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. Spain (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+144.6% per year) and Spain (+39.1% per year).

In value terms, China ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to Portugal, comprising 36% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+45.8% per year) and France (+121.6% per year).

Import Prices by Country

In 2021, the average import price for cycles with auxiliary motors and side cars amounted to $X per unit, with an increase of 19% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 23%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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