Slovakia: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in Slovakia

In 2021, the Slovak motorcycle and bicycle market increased by 44% to $X, rising for the sixth consecutive year after three years of decline. In general, consumption enjoyed a buoyant expansion. Motorcycle and bicycle consumption peaked in 2021 and is expected to retain growth in the immediate term.

Motorcycle And Bicycle Production in Slovakia

In value terms, motorcycle and bicycle production shrank to $X in 2021 estimated in export price. Overall, production showed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 93% against the previous year. Motorcycle and bicycle production peaked at $X in 2020, and then fell in the following year.

Motorcycle And Bicycle Exports

Exports from Slovakia

In 2021, shipments abroad of motorcycles and bicycles decreased by -7.1% to X units, falling for the third year in a row after two years of growth. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2015 when exports increased by 67% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, motorcycle and bicycle exports rose notably to $X in 2021. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 48% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The Czech Republic (X units), Poland (X units) and Hungary (X units) were the main destinations of motorcycle and bicycle exports from Slovakia, with a combined 72% share of total exports. These countries were followed by Germany, the Netherlands, Belgium and Croatia, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +94.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Czech Republic ($X) and Poland ($X) appeared to be the largest markets for motorcycle and bicycle exported from Slovakia worldwide, together comprising 63% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +138.7%, saw the highest rates of growth with regard to 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

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, with an increase of 14% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motorcycle and bicycle export price increased by +91.2% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 30%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Croatia ($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 Belgium (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Slovakia

For the third consecutive year, Slovakia recorded growth in overseas purchases of motorcycles and bicycles, which increased by 62% to X units in 2021. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 178% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, motorcycle and bicycle imports surged to $X in 2021. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest motorcycle and bicycle supplier to Slovakia, accounting for a 41% share of total imports. Moreover, motorcycle and bicycle imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The third position in this ranking was held by Hungary (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+49.4% per year) and Hungary (+71.0% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of motorcycles and bicycles to Slovakia, comprising 32% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled +48.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.5% per year) and Italy (+36.8% per year).

Import Prices by Country

In 2021, the average motorcycle and bicycle import price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 61%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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