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

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

The Swedish market for motorcycles and cycles with an auxiliary motor fell to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Sweden

In value terms, production of motorcycles and cycles with an auxiliary motor amounted to $X in 2022 estimated in export price. Over the period under review, production showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Sweden

In 2022, shipments abroad of motorcycles and cycles with an auxiliary motor decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2021, and then contracted markedly in the following year.

In value terms, exports of motorcycles and cycles with an auxiliary motor dropped to $X in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Norway (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Sweden, with a X% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to Norway exceeded the volume sent to the second major destination, Finland (X units), tenfold. Denmark (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for motorcycles and cycles with an auxiliary motor exported from Sweden were Finland ($X), Norway ($X) and Denmark ($X), with a combined X% share of total exports.

Finland, 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 2022, with an increase of X% against the previous year. Over the period under review, the export price saw a strong increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Switzerland ($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 Finland (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 Sweden

For the third year in a row, Sweden recorded decline in overseas purchases of motorcycles and cycles with an auxiliary motor, which decreased by X% to X units in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 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 somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor declined to $X in 2022. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest motorcycles and cycles with an auxiliary motor supplier to Sweden, 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), fivefold. The third position in this ranking was held by Spain (X units), with an X% share.

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

In value terms, the largest motorcycles and cycles with an auxiliary motor suppliers to Sweden were Austria ($X), China ($X) and Italy ($X), together accounting for X% of total imports.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, picking up by X% against the previous year. Overall, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain 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 Austria ($X per unit), while the price for China ($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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