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

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

The Swedish market for cycles with auxiliary motors and side cars soared to $X in 2021, growing by 83% against the previous year. Over the period under review, consumption recorded significant growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Production of Cycles with Auxiliary Motors and Side Cars in Sweden

In value terms, production of cycles with auxiliary motors and side cars reduced dramatically to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt shrinkage. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Sweden

In 2021, overseas shipments of cycles with auxiliary motors and side cars decreased by -10.4% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2016 with an increase of 214% against the previous year. The exports peaked at X units in 2020, and then declined in the following year.

In value terms, exports of cycles with auxiliary motors and side cars stood at $X in 2021. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 110%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Norway (X units), Finland (X units) and Denmark (X units) were the main destinations of exports of cycles with auxiliary motors and side cars from Sweden, with a combined 92% share of total exports. These countries were followed by Italy and the UK, which together accounted for a further 4.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +185.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cycle with auxiliary motor and side car exported from Sweden were Finland ($X), Denmark ($X) and Norway ($X), together accounting for 89% of total exports. These countries were followed by the UK and Italy, which together accounted for a further 4.8%.

Italy, with a CAGR of +162.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, rising by 17% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 UK ($X per unit), while the average price for exports to Norway ($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 UK (+24.2%), while the prices for the other major destinations experienced a decline.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports into Sweden

In 2021, the amount of cycles with auxiliary motors and side cars imported into Sweden soared to X units, jumping by 53% on the previous year's figure. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 139% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of cycles with auxiliary motors and side cars surged to $X in 2021. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 101%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of cycle with auxiliary motor and side car to Sweden, accounting for a 59% 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, Denmark (X units), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+106.1% per year) and Taiwan (Chinese) (+22.2% per year).

In value terms, China ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to Sweden, comprising 45% of total imports. The second position in the ranking was held by Denmark ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+95.8% per year) and the Netherlands (+51.2% per year).

Import Prices by Country

The average import price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, stabilizing at the previous year. Overall, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30%. The import price peaked at $X per unit in 2012; however, from 2013 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 the Netherlands ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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