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

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

In 2021, the Spanish market for cycles with auxiliary motors and side cars decreased by -5.9% to $X, falling for the third consecutive year after seven years of growth. In general, consumption, however, showed significant growth. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Cycles with Auxiliary Motors and Side Cars in Spain

In value terms, production of cycles with auxiliary motors and side cars dropped significantly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 747% against the previous year. Production of peaked at $X in 2020, and then declined markedly in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Spain

For the seventh year in a row, Spain recorded growth in shipments abroad of cycles with auxiliary motors and side cars, which increased by 38% to X units in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 973% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, exports of cycles with auxiliary motors and side cars surged to $X in 2021. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 820%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Italy (X units) and Germany (X units) were the main destinations of exports of cycles with auxiliary motors and side cars from Spain, together accounting for 68% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +221.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) constituted the largest markets for cycle with auxiliary motor and side car exported from Spain worldwide, together comprising 54% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +239.9%, 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 export price for cycles with auxiliary motors and side cars amounted to $X per unit, growing by 19% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 39%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 the United States (+21.2%), 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 Spain

In 2021, overseas purchases of cycles with auxiliary motors and side cars decreased by -1.5% to X units, falling for the third consecutive year after four years of growth. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2015 when imports increased by 190% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of cycles with auxiliary motors and side cars soared to $X in 2021. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 87% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of cycle with auxiliary motor and side car to Spain, with a 63% share of total imports. Moreover, imports of cycles with auxiliary motors and side cars from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. The third position in this ranking was taken by Italy (X units), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+139.5% per year) and Italy (+44.5% per year).

In value terms, the largest cycle with auxiliary motor and side car suppliers to Spain were China ($X), Portugal ($X) and Taiwan (Chinese) ($X), with a combined 72% share of total imports.

Among the main suppliers, Portugal, with a CAGR of +134.3%, 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

The average import price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, rising by 29% against the previous year. In general, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 an increase of 34% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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