Overview of the Global Market for Motorcycles and Cycles With an Auxiliary Motor

Market Size for Motorcycles and Cycles With an Auxiliary Motor

After three years of growth, the global market for motorcycles and cycles with an auxiliary motor decreased by -7.4% to $X in 2021. Over the period under review, consumption saw a noticeable slump. Over the period under review, the global market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor

In value terms, production of motorcycles and cycles with an auxiliary motor fell to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced downturn. The growth pace was the most rapid in 2020 when the production volume increased by 18% against the previous year. Over the period under review, global production of hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports

Global exports of motorcycles and cycles with an auxiliary motor reached X units in 2021, growing by 12% against the year before. Overall, exports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 16% against the previous year. Over the period under review, the global exports of hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor skyrocketed to $X in 2021. In general, exports, however, recorded a pronounced reduction. Over the period under review, the global exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X units) was the key exporter of motorcycles and cycles with an auxiliary motor, creating 72% of total exports. It was distantly followed by Japan (X units), making up an 11% share of total exports. Italy (X units), Thailand (X units), the Netherlands (X units) and Belgium (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and cycles with an auxiliary motor. At the same time, Thailand (+30.6%) and the Netherlands (+10.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.6% from 2012-2021. Belgium experienced a relatively flat trend pattern. By contrast, Japan (-4.2%) and Italy (-4.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Thailand increased by +5.6 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycles and cycles with an auxiliary motor supplier worldwide, comprising 54% of global exports. The second position in the ranking was held by Italy ($X), with a 14% share of global exports. It was followed by Japan, with a 7.6% share.

In China, exports of motorcycles and cycles with an auxiliary motor contracted by an average annual rate of -1.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-2.5% per year) and Japan (-3.1% per year).

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, surging by 2.6% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 6.6%. The global export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the other global leaders experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports

For the third consecutive year, the global market recorded growth in purchases abroad of motorcycles and cycles with an auxiliary motor, which increased by 5.3% to X units in 2021. Overall, imports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. Global imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor stood at $X in 2021. In general, imports, however, showed a perceptible reduction. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Morocco (X units), distantly followed by the United States (X units), the Netherlands (X units), Russia (X units), France (X units) and Cambodia (X units) represented the main importers of motorcycles and cycles with an auxiliary motor, together creating 50% of total imports. The following importers - Myanmar (X units), Belgium (X units), Germany (X units), Italy (X units), the United Arab Emirates (X units), Ukraine (X units) and Brazil (X units) - together made up 21% of total imports.

Imports into Morocco increased at an average annual rate of +25.4% from 2012 to 2021. At the same time, Myanmar (+38.3%), Cambodia (+33.4%), the Netherlands (+3.9%) and Belgium (+2.8%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of +38.3% from 2012-2021. The United States experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.5%), France (-2.1%), Ukraine (-3.9%), Italy (-5.3%), Germany (-11.4%), Russia (-14.5%) and Brazil (-16.5%) illustrated a downward trend over the same period. Morocco (+15 p.p.), Cambodia (+4.4 p.p.), Myanmar (+3.8 p.p.), the Netherlands (+3.8 p.p.), the United States (+2.2 p.p.) and Belgium (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Germany, Brazil and Russia saw its share reduced by -3.3%, -5.9% and -12.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motorcycles and cycles with an auxiliary motor importing markets worldwide were Morocco ($X), the Netherlands ($X) and France ($X), together comprising 35% of global imports. These countries were followed by the United States, Italy, Germany, Belgium, Russia, Myanmar, the United Arab Emirates, Brazil, Cambodia and Ukraine, which together accounted for a further 32%.

In terms of the main importing countries, Myanmar, with a CAGR of +24.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, increasing by 5.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9.6%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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