Ukraine: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Ukraine

The Ukrainian motorcycle and bicycle market soared to $X in 2021, increasing by 23% against the previous year. Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the immediate term.

Motorcycle And Bicycle Production in Ukraine

In value terms, motorcycle and bicycle production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 33% against the previous year. Motorcycle and bicycle production peaked at $X in 2020, and then declined modestly in the following year.

Motorcycle And Bicycle Exports

Exports from Ukraine

In 2021, the amount of motorcycles and bicycles exported from Ukraine skyrocketed to X units, increasing by 255% compared with the year before. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 15,815%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, motorcycle and bicycle exports soared to $X in 2021. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of 1,020%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X units) was the main destination for motorcycle and bicycle exports from Ukraine, with a 49% share of total exports. Moreover, motorcycle and bicycle exports to Poland exceeded the volume sent to the second major destination, Moldova (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-14.1% per year) and Germany (+26.8% per year).

In value terms, Poland ($X) remains the key foreign market for motorcycles and bicycles exports from Ukraine, comprising 43% of total exports. The second position in the ranking was held by Moldova ($X), with a 14% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+1.1% per year) and Germany (+31.2% per year).

Export Prices by Country

The average motorcycle and bicycle export price stood at $X per unit in 2021, with an increase of 5.7% against the previous year. In general, the export price, however, recorded a sharp decrease. The growth pace was the most rapid in 2016 an increase of 168%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a 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 Netherlands ($X per unit), while the average price for exports to Poland ($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 Russia (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Ukraine

In 2021, approx. X units of motorcycles and bicycles were imported into Ukraine; jumping by 30% against the previous year's figure. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 418% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, motorcycle and bicycle imports soared to $X in 2021. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 69% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of motorcycle and bicycle to Ukraine, with a 90% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.5% per year) and Taiwan (Chinese) (-12.4% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to Ukraine, comprising 63% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.7% per year) and Taiwan (Chinese) (-11.6% per year).

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2021, shrinking by -3.3% against the previous year. Over the period under review, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 46% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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