Slovakia: Market for Cycles with Auxiliary Motors and Side Cars 2024

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

The Slovak market for cycles with auxiliary motors and side cars surged to $X in 2021, with an increase of 81% against the previous year. Over the period under review, consumption posted significant growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Cycles with Auxiliary Motors and Side Cars in Slovakia

In value terms, production of cycles with auxiliary motors and side cars rose significantly to $X in 2021 estimated in export price. Over the period under review, production showed significant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 157% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Slovakia

In 2021, shipments abroad of cycles with auxiliary motors and side cars increased by 31% to X units, rising for the fifth year in a row after two years of decline. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,921%. Over the period under review, the exports of reached 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 surged to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 2,068% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Belgium (X units) was the main destination for exports of cycles with auxiliary motors and side cars from Slovakia, with a 57% share of total exports. Moreover, exports of cycles with auxiliary motors and side cars to Belgium exceeded the volume sent to the second major destination, Bulgaria (X units), fivefold. The Czech Republic (X units) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium stood at +2,572.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+1,120.8% per year) and the Czech Republic (+159.3% per year).

In value terms, Belgium ($X) remains the key foreign market for cycles with auxiliary motors and side cars exports from Slovakia, comprising 64% of total exports. The second position in the ranking was held by Denmark ($X), with an 8.3% share of total exports. It was followed by the Netherlands, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium stood at +5,220.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+1,388.1% per year) and the Netherlands (+216.3% 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, rising by 8.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 28%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a 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 Switzerland ($X per unit), while the average price for exports to Bulgaria ($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 (+87.9%), 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 Slovakia

In 2021, approx. X units of cycles with auxiliary motors and side cars were imported into Slovakia; growing by 108% against the year before. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 395%. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, imports of cycles with auxiliary motors and side cars skyrocketed to $X in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 272% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest supplier of cycle with auxiliary motor and side car to Slovakia, with a 44% share of total imports. Moreover, imports of cycles with auxiliary motors and side cars from the Czech Republic exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic totaled +210.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+8,671.9% per year) and the Netherlands (+158.0% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to Slovakia, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled +224.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+95.3% per year) and the Netherlands (+145.6% per year).

Import Prices by Country

In 2021, the average import price for cycles with auxiliary motors and side cars amounted to $X per unit, rising by 14% against the previous year. Over the period under review, the import price saw prominent growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 221%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :