Uzbekistan: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Uzbekistan

In 2021, the Uzbek motorcycle and bicycle market decreased by -33.2% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, enjoyed strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Motorcycle And Bicycle Production in Uzbekistan

In value terms, motorcycle and bicycle production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 106%. Over the period under review, production hit record highs at $X in 2020, and then contracted dramatically in the following year.

Motorcycle And Bicycle Exports

Exports from Uzbekistan

For the fifth consecutive year, Uzbekistan recorded growth in overseas shipments of motorcycles and bicycles, which increased by 2,063% to X units in 2021. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 13,179%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Kyrgyzstan (X units), Kazakhstan (X units) and Tajikistan (X units) were the main destinations of motorcycle and bicycle exports from Uzbekistan, with a combined 4.5% share 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 Kazakhstan (with a CAGR of +87.3%), while the other leaders experienced mixed trend patterns.

In value terms, Tajikistan ($X) remains the key foreign market for motorcycles and bicycles exports from Uzbekistan, comprising 3.5% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Tajikistan amounted to +200.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+91.5% per year) and Kazakhstan (+78.0% per year).

Export Prices by Country

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, dropping by -7.5% against the previous year. In general, the export price, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 2,722%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Tajikistan ($X per unit), while the average price for exports to Kyrgyzstan ($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 Tajikistan (+771.1%), while the prices for the other major destinations experienced mixed trend patterns.

Motorcycle And Bicycle Imports

Imports into Uzbekistan

In 2021, overseas purchases of motorcycles and bicycles decreased by -31.6% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,116%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, motorcycle and bicycle imports contracted remarkably to $X in 2021. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2019 with an increase of 1,129%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest motorcycle and bicycle supplier to Uzbekistan, with a 40% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Bulgaria (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+62.4% per year) and Bulgaria (0.0% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to Uzbekistan, comprising 75% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Bulgaria, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+37.1% per year) and Bulgaria (0.0% per year).

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2021, with an increase of 17% against the previous year. Overall, the import price recorded significant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 86%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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 China ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+38.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :