Venezuela: Motorcycle And Scooter Market 2022

Motorcycle And Scooter Market Size in Venezuela

In 2020, the Venezuelan motorcycle and scooter market decreased by -X% to $X, falling for the seventh consecutive year after four years of growth. In general, consumption faced a sharp slump. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Motorcycle and scooter consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Motorcycle And Scooter Exports

Exports from Venezuela

In 2020, motorcycle and scooter exports from Venezuela surged to X units, growing by X% against 2019. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of X units. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, motorcycle and scooter exports skyrocketed to $X in 2020. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Panama (X units) was the main destination for motorcycle and scooter exports from Venezuela, accounting for a X% share of total exports. Moreover, motorcycle and scooter exports to Panama exceeded the volume sent to the second major destination, the UK (X units), sixfold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Panama amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and the United States (-X% per year).

In value terms, Panama ($X) remains the key foreign market for motorcycle and scooter exports from Venezuela, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Panama amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and the United States (+X% per year).

Export Prices by Country

The average motorcycle and scooter export price stood at $X per unit in 2020, with an increase of X% against the previous year. In general, the export price, however, saw a slight descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Scooter Imports

Imports into Venezuela

In 2020, purchases abroad of motorcycles and scooters decreased by -X% to X units, falling for the seventh consecutive year after four years of growth. Over the period under review, imports faced a dramatic shrinkage. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at X units in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, motorcycle and scooter imports fell to $X in 2020. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X units) constituted the largest motorcycle and scooter supplier to Venezuela, accounting for a X% share of total imports. Moreover, motorcycle and scooter imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), sevenfold. The third position in this ranking was occupied by Japan (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-X% per year) and Japan (-X% per year).

In value terms, China ($X) constituted the largest supplier of motorcycle and scooter to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Panama, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Panama (-X% per year).

Import Prices by Country

In 2020, the average motorcycle and scooter import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price showed a prominent expansion. The growth pace was the most rapid in 2016 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform