Puerto Rico: Market for Cycles with Auxiliary Motors and Side Cars 2025

Market Size for Cycles with Auxiliary Motors and Side Cars in Puerto Rico

The Puerto Rican market for cycles with auxiliary motors and side cars dropped slightly to $X in 2021, remaining relatively unchanged against the previous year. In general, consumption, however, recorded a remarkable increase. Puerto Rico consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Cycles with Auxiliary Motors and Side Cars in Puerto Rico

In value terms, production of cycles with auxiliary motors and side cars fell slightly to $X in 2021 estimated in export price. In general, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 95% against the previous year. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Puerto Rico

In 2021, approx. less than X units of cycles with auxiliary motors and side cars were exported from Puerto Rico; remaining constant against the year before. Overall, exports showed a relatively flat trend pattern.

In value terms, exports of cycles with auxiliary motors and side cars stood at less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China dominates cars structure, resulting at X units, which was near 73% of total exports in 2021. It was distantly followed by the Netherlands (X units), making up a 4.7% share of total exports. The following exporters - Taiwan (Chinese) (X units) and Germany (X units) - each recorded a 5.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cycle with auxiliary motor and side car exports from China stood at +37.5%. At the same time, the Netherlands (+54.4%), Germany (+36.3%) and Taiwan (Chinese) (+26.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +54.4% from 2012-2021. The Netherlands (+3 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese) saw its share reduced by -3.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cycle with auxiliary motor and side car supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of global exports. It was followed by Germany, with an 11% share.

In China, exports of cycles with auxiliary motors and side cars expanded at an average annual rate of +32.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+50.1% per year) and Germany (+33.2% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per thousand units), while China ($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 Taiwan (Chinese) (+12.5%), while the other leaders experienced a decline in the export price figures.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports into Puerto Rico

In 2021, approx. less than X units of cycles with auxiliary motors and side cars were imported into Puerto Rico; approximately reflecting 2020. Overall, imports saw a relatively flat trend pattern.

In value terms, imports of cycles with auxiliary motors and side cars stood at less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units), the Netherlands (X units), France (X units), Belgium (X units) and the Philippines (X units) represented the largest importers of cycles with auxiliary motors and side cars, together comprising 50% of total imports. The following importers - the UK (X units), Russia (X units), Spain (X units), Canada (X units), Italy (X units), Japan (X units) and Hong Kong SAR (X units) - together made up 22% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hong Kong SAR (with a CAGR of +87.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cycle with auxiliary motor and side car importing markets into Puerto Rico were Germany ($X), the Netherlands ($X) and the United States ($X), together comprising 42% of total imports. These countries were followed by France, Belgium, the Philippines, Italy, the UK, Spain, Canada, Japan, Hong Kong SAR and Russia, which together accounted for a further 31%.

In terms of the main importing countries, Hong Kong SAR, with a CAGR of +66.5%, 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 relatively unchanged against the previous year. Overall, the import price showed a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per thousand units), while Russia ($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 (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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