Argentina: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Argentina

The Argentinian market for motorcycles and cycles with an auxiliary motor rose sharply to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, saw a mild curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Motorcycles and Cycles With an Auxiliary Motor in Argentina

In value terms, production of motorcycles and cycles with an auxiliary motor totaled $X in 2023 estimated in export price. Over the period under review, production, however, recorded a mild contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Argentina

In 2023, after three years of decline, there was significant decline in overseas shipments of motorcycles and cycles with an auxiliary motor, when their volume decreased by X% to X units. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor declined significantly to $X in 2023. In general, exports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Argentina, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to the Netherlands stood at X%.

In value terms, the Netherlands ($X) emerged as the key foreign market for motorcycles and cycles with an auxiliary motor exports from Argentina.

From 2012 to 2023, the average annual rate of growth in terms of value to the Netherlands amounted to X%.

Export Prices by Country

The average export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2023, standing approx. at the previous year. In general, the export price faced a dramatic descent. The growth pace was the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2023, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2023, the rate of growth in terms of prices for Panama amounted to X% per year.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Argentina

In 2023, after two years of growth, there was significant decline in overseas purchases of motorcycles and cycles with an auxiliary motor, when their volume decreased by X% to X units. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports of reached the peak figure at X units in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor reduced sharply to $X in 2023. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest motorcycles and cycles with an auxiliary motor supplier to Argentina, with a X% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from China exceeded the figures recorded by the second-largest supplier, Austria (X units), fourfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Italy (X% per year).

In value terms, the largest motorcycles and cycles with an auxiliary motor suppliers to Argentina were Austria ($X), the United States ($X) and China ($X), with a combined X% share of total imports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other 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 2023, which is down by X% against the previous year. Overall, the import price, however, saw perceptible growth. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform