Slovakia: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Slovakia

The Slovak market for motorcycles and cycles with an auxiliary motor declined markedly to $X in 2021, waning by -15.2% against the previous year. Overall, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Slovakia

In value terms, production of motorcycles and cycles with an auxiliary motor declined sharply to $X in 2021 estimated in export price. Overall, production recorded a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 283% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Slovakia

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor decreased by -69.3% to X units for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 4,450%. The exports peaked at X units in 2020, and then fell notably in the following year.

In value terms, exports of motorcycles and cycles with an auxiliary motor declined sharply to $X in 2021. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,853% against the previous year. The exports peaked at $X in 2020, and then contracted sharply in the following year.

Exports by Country

Hungary (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Slovakia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hungary totaled +49.0%.

In value terms, Hungary ($X) also remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Slovakia.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to +74.9%.

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, growing by 13% against the previous year. In general, the export price recorded resilient growth. The pace of growth was the most pronounced in 2013 an increase of 475%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Hungary.

From 2012 to 2021, the rate of growth in terms of prices for Hungary amounted to +17.3% per year.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Slovakia

Imports of motorcycles and cycles with an auxiliary motor into Slovakia reduced dramatically to X units in 2021, shrinking by -29.2% against 2020. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 265% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor reduced remarkably to $X in 2021. Overall, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2015 when imports increased by 715% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Slovakia, with a 82% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from Italy exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was held by the Netherlands (X units), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +63.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.9% per year) and the Netherlands (+13.0% per year).

In value terms, Italy ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Slovakia, comprising 85% of total imports. The second position in the ranking was held by China ($X), with a 5.3% share of total imports. It was followed by Austria, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +63.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.5% per year) and Austria (+11.7% per year).

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, waning by -7.3% against the previous year. Over the period under review, the import price, however, recorded slight growth. The growth pace was the most rapid in 2015 when the average import price increased by 123% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then shrank in the following year.

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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :