United Kingdom: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in the UK

In 2021, the UK motorcycle and bicycle market decreased by -0.4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.8% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted modestly in the following year.

Motorcycle And Bicycle Production in the UK

In value terms, motorcycle and bicycle production contracted significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 3,868% against the previous year. Motorcycle and bicycle production peaked at $X in 2020, and then contracted dramatically in the following year.

Motorcycle And Bicycle Exports

Exports from the UK

In 2021, the amount of motorcycles and bicycles exported from the UK fell markedly to X units, declining by -43.9% on the previous year. In general, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2013 when exports increased by 20%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, motorcycle and bicycle exports fell dramatically to $X in 2021. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2018 when exports increased by 14% against the previous year. The exports peaked at $X in 2020, and then declined dramatically in the following year.

Exports by Country

Singapore (X units), Ireland (X units) and the United States (X units) were the main destinations of motorcycle and bicycle exports from the UK, together accounting for 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +38.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the United States ($X) and Singapore ($X) were the largest markets for motorcycle and bicycle exported from the UK worldwide, with a combined 42% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of +16.1%, recorded 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

The average motorcycle and bicycle export price stood at $X per unit in 2021, dropping by -35% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Kenya ($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 (+35.1%), while the prices for the other major destinations experienced mixed trend patterns.

Motorcycle And Bicycle Imports

Imports into the UK

In 2021, overseas purchases of motorcycles and bicycles increased by 17% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle imports dropped modestly to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 12%. As a result, imports attained the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X units) constituted the largest motorcycle and bicycle supplier to the UK, with a 29% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+4.1% per year) and Taiwan (Chinese) (-6.8% per year).

In value terms, the largest motorcycle and bicycle suppliers to the UK were China ($X), Taiwan (Chinese) ($X) and Thailand ($X), together accounting for 37% of total imports.

Among the main suppliers, China, with a CAGR of +23.5%, recorded the highest growth rate of 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

In 2021, the average motorcycle and bicycle import price amounted to $X per unit, dropping by -17.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 13%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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