Scandinavia: Market for Cycles with Auxiliary Motors and Side Cars 2025

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

For the tenth consecutive year, the Scandinavia market for cycles with auxiliary motors and side cars recorded growth in sales value, which increased by 44% to $X in 2021. Over the period under review, consumption continues to indicate a significant expansion. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Production of Cycles with Auxiliary Motors and Side Cars in Scandinavia

In value terms, production of cycles with auxiliary motors and side cars surged to $X in 2021 estimated in export price. Overall, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 555% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports in Scandinavia

Exports of cycles with auxiliary motors and side cars rose significantly to X units in 2021, with an increase of 14% compared with the year before. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 382% against the previous year. Over the period under review, the exports of attained the peak figure 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. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 220% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

In 2021, Denmark (X units) was the main exporter of cycles with auxiliary motors and side cars, mixing up 66% of total exports. Sweden (X units) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Norway (9.4%) and Finland (5.5%).

Exports from Denmark increased at an average annual rate of +63.9% from 2012 to 2021. At the same time, Norway (+79.8%), Finland (+64.9%) and Sweden (+58.1%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +79.8% from 2012-2021. From 2012 to 2021, the share of Norway increased by +5.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of exports in 2021, together comprising 91% of total exports.

In terms of the main exporting countries, Norway, with a CAGR of +68.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, rising by 23% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 when the export price increased by 36% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices failed to regain momentum.

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 Finland ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-5.0%), while the other leaders experienced a decline in the export price figures.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports in Scandinavia

In 2021, imports of cycles with auxiliary motors and side cars in Scandinavia surged to X units, increasing by 33% on the previous year's figure. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 122% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, imports of cycles with auxiliary motors and side cars soared to $X in 2021. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 70%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

In 2021, Denmark (X units), Sweden (X units) and Norway (X units) represented the largest importer of cycles with auxiliary motors and side cars in Scandinavia, comprising 87% of total import. It was distantly followed by Finland (X units), making up an 11% share of total imports. Iceland (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +53.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cycle with auxiliary motor and side car importing markets in Scandinavia were Norway ($X), Denmark ($X) and Sweden ($X), with a combined 83% share of total imports.

Among the main importing countries, Norway, with a CAGR of +56.3%, 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 Scandinavia amounted to $X per unit, surging by 2.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

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 Iceland ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform