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

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

The Canadian market for motorcycles and cycles with an auxiliary motor skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Motorcycles and Cycles With an Auxiliary Motor in Canada

In value terms, production of motorcycles and cycles with an auxiliary motor soared to $X in 2022 estimated in export price. In general, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Canada

In 2022, exports of motorcycles and cycles with an auxiliary motor from Canada reduced to X units, waning by X% compared with the year before. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of motorcycles and cycles with an auxiliary motor dropped rapidly to $X in 2022. Over the period under review, exports showed a pronounced curtailment. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Canada, with a X% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to Egypt exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Lebanon (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Lebanon (X% per year).

In value terms, Egypt ($X) remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Algeria ($X), with a X% share of total exports. It was followed by Saint Lucia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Saint Lucia (X% per year).

Export Prices by Country

In 2022, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, waning by X% against the previous year. Overall, the export price showed a mild descent. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saint Lucia (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 Canada

In 2022, purchases abroad of motorcycles and cycles with an auxiliary motor increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor surged to $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Canada, 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, Japan (X units), threefold. Italy (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Italy (X% per year).

In value terms, the largest motorcycles and cycles with an auxiliary motor suppliers to Canada were China ($X), Italy ($X) and Japan ($X), together accounting for X% of total imports. Taiwan (Chinese), Austria, Vietnam and the United States lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, growing by X% against the previous year. In general, the import price enjoyed slight growth. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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