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 skyrocketed to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, production of motorcycles and cycles with an auxiliary motor dropped to $X in 2023 estimated in export price. In general, production showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from the UK

After two years of decline, overseas shipments of motorcycles and cycles with an auxiliary motor increased by X% to X units in 2023. Over the period under review, exports, however, continue to indicate a abrupt contraction. The exports peaked at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor surged to $X in 2023. In general, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X units), Finland (X units) and France (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from the UK, together comprising X% of total exports. Hong Kong SAR, Cyprus, Saudi Arabia, the United Arab Emirates, Falkland Islands (Malvinas), Italy, China, Australia, Germany and Ireland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hong Kong SAR ($X) and Cyprus ($X) were the largest markets for motorcycles and cycles with an auxiliary motor exported from the UK worldwide, with a combined X% share of total exports.

Cyprus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price posted a modest expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), 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 2023, imports of motorcycles and cycles with an auxiliary motor into the UK skyrocketed to X units, surging by X% compared with the previous year. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of motorcycles and cycles with an auxiliary motor soared to $X in 2023. Overall, imports, however, saw a slight contraction. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X units) was the main motorcycles and cycles with an auxiliary motor supplier to the UK, with a X% share of total imports. It was followed by Japan (X units), with a X% share of total imports. The third position in this ranking was taken by Austria (X units), with a X% share.

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

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

From 2012 to 2023, 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: Austria (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform