Puerto Rico: Market for Motorcycles, Scooters And Side-Cars 2024

Market Size for Motorcycles, Scooters And Side-Cars in Puerto Rico

After two years of decline, the Puerto Rican motorcycle, scooter and side-car market increased by 0.8% to $X in 2021. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.2% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Motorcycles, Scooters And Side-Cars in Puerto Rico

In value terms, motorcycle, scooter and side-car production rose modestly to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Motorcycles, Scooters And Side-Cars

Exports from Puerto Rico

Motorcycle, scooter and side-car exports from Puerto Rico stood at less than X units in 2021, flattening at 2020 figures. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, motorcycle, scooter and side-car exports amounted to less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China dominates exports structure, amounting to X units, which was near 57% of total exports in 2021. It was distantly followed by India (X units) and the Netherlands (X units), together creating a 12% share of total exports. Taiwan (Chinese) (X units), Vietnam (X units), Germany (X units), Italy (X units), Belgium (X units), Japan (X units) and Thailand (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +14.9% from 2012 to 2021. At the same time, Vietnam (+45.0%), the Netherlands (+39.0%), Germany (+21.1%), Belgium (+19.9%), Taiwan (Chinese) (+18.8%), Italy (+10.8%), India (+8.7%) and Thailand (+4.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +45.0% from 2012-2021. Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Netherlands and Vietnam increased by +4.3 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motorcycle, scooter and side-car supplying countries from Puerto Rico were China ($X), Germany ($X) and the Netherlands ($X), together accounting for 41% of total exports. These countries were followed by Italy, Taiwan (Chinese), India, Thailand, Japan, Vietnam and Belgium, which together accounted for a further 36%.

Vietnam, with a CAGR of +30.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, approximately mirroring the previous year. In general, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.8%), while the other leaders experienced more modest paces of growth.

Imports of Motorcycles, Scooters And Side-Cars

Imports into Puerto Rico

In 2021, the amount of motorcycles, scooters and side-cars imported into Puerto Rico stood at less than X units, flattening at 2020 figures. Overall, imports showed a relatively flat trend pattern.

In value terms, motorcycle, scooter and side-car imports totaled less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, Pakistan (X units), distantly followed by the United States (X units), the Philippines (X units), Germany (X units) and the Netherlands (X units) represented the key importers of motorcycles, scooters and side-cars, together generating 48% of total imports. The following importers - France (X units), Belgium (X units), the UK (X units), Spain (X units), Italy (X units), Russia (X units), Colombia (X units) and Canada (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 leading importing countries, was attained by Spain (with a CAGR of +30.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 27% share of total imports. These countries were followed by France, the Philippines, Italy, Belgium, Spain, Canada, the UK, Colombia, Russia and Pakistan, which together accounted for a further 31%.

Among the main importing countries, the Philippines, with a CAGR of +24.1%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, remaining constant against the previous year. In general, the import price recorded a relatively flat trend pattern.

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 Italy ($X per thousand units), while Pakistan ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+16.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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