Saudi Arabia: Market for Cycles with Auxiliary Motors and Side Cars 2024

Market Size for Cycles with Auxiliary Motors and Side Cars in Saudi Arabia

In 2021, after two years of growth, there was significant decline in the Saudi market for cycles with auxiliary motors and side cars, when its value decreased by -18.3% to $X. Overall, consumption, however, enjoyed a significant expansion. Consumption of peaked at $X in 2020, and then fell remarkably in the following year.

Production of Cycles with Auxiliary Motors and Side Cars in Saudi Arabia

In value terms, production of cycles with auxiliary motors and side cars reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 5,431% against the previous year. Production of peaked at $X in 2020, and then fell significantly in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Saudi Arabia

In 2021, shipments abroad of cycles with auxiliary motors and side cars decreased by -43.9% to X units, falling for the second year in a row after four years of growth. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of 132%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of cycles with auxiliary motors and side cars declined remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 68%. Over the period under review, the exports of reached the peak figure at $X in 2020, and then reduced notably in the following year.

Exports by Country

Sudan (X units) was the main destination for exports of cycles with auxiliary motors and side cars from Saudi Arabia, with a 88% share of total exports. Moreover, exports of cycles with auxiliary motors and side cars to Sudan exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. Kuwait (X units) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan stood at +48.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+184.4% per year) and Kuwait (+12.8% per year).

In value terms, Sudan ($X) remains the key foreign market for cycles with auxiliary motors and side cars exports from Saudi Arabia, comprising 76% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by Kuwait, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sudan amounted to +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+205.3% per year) and Kuwait (+11.8% per year).

Export Prices by Country

In 2021, the average export price for cycles with auxiliary motors and side cars amounted to $X per unit, increasing by 7.5% against the previous year. Overall, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Sudan ($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 Yemen (+29.6%), 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 Saudi Arabia

In 2021, the amount of cycles with auxiliary motors and side cars imported into Saudi Arabia was estimated at X units, leveling off at the previous year. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 109% against the previous year. Over the period under review, imports of reached the maximum at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of cycles with auxiliary motors and side cars amounted to $X in 2021. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 267%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of cycle with auxiliary motor and side car to Saudi Arabia, with a 114% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-43.3% per year) and the United States (-30.0% per year).

In value terms, China ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to Saudi Arabia, comprising 86% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-26.6% per year) and the United States (-32.7% per year).

Import Prices by Country

The average import price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, stabilizing at the previous year. In general, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 388%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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