United Kingdom: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in the UK

The UK market for motorcycles and cycles with an auxiliary motor shrank markedly to $X in 2021, with a decrease of -15.1% against the previous year. In general, consumption saw a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Motorcycles and Cycles With an Auxiliary Motor in the UK

In value terms, production of motorcycles and cycles with an auxiliary motor reduced sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by 96% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from the UK

In 2021, the amount of motorcycles and cycles with an auxiliary motor exported from the UK contracted significantly to X units, falling by -45% compared with the previous year's figure. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 145% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor declined markedly to $X in 2021. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 90% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from the UK, accounting for a 35% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to Ireland exceeded the volume sent to the second major destination, Japan (X units), twofold. The United States (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+17.4% per year) and the United States (+4.2% per year).

In value terms, Japan ($X) emerged as the key foreign market for motorcycles and cycles with an auxiliary motor exports from the UK, comprising 35% of total exports. The second position in the ranking was held by the United States ($X), with a 9.7% share of total exports. It was followed by Ireland, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.6% per year) and Ireland (+17.1% per year).

Export Prices by Country

The average export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, picking up by 28% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 38%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Ireland ($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 Luxembourg (+69.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into the UK

In 2021, supplies from abroad of motorcycles and cycles with an auxiliary motor increased by 15% to X units, rising for the third consecutive year after two years of decline. Overall, imports posted a noticeable increase. The pace of growth was the most pronounced in 2016 when imports increased by 77% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor totaled $X in 2021. In general, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 22% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main motorcycles and cycles with an auxiliary motor supplier to the UK, accounting for a 93% share of total imports. It was followed by Japan (X units), with a 3% share of total imports. Austria (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+28.7% per year) and Austria (+11.0% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to the UK, comprising 73% of total imports. The second position in the ranking was held by Austria ($X), with a 17% share of total imports. It was followed by Japan, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+8.3% per year) and Japan (+25.5% per year).

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, which is down by -12.8% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 92% 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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