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

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

The Slovak market for motorcycles and cycles with an auxiliary motor expanded slightly to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, showed a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Motorcycles and Cycles With an Auxiliary Motor in Slovakia

In value terms, production of motorcycles and cycles with an auxiliary motor fell to $X in 2023 estimated in export price. Overall, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Slovakia

In 2023, the amount of motorcycles and cycles with an auxiliary motor exported from Slovakia shrank sharply to X units, with a decrease of X% against the previous year's figure. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at X units in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor dropped dramatically to $X in 2023. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports of attained the maximum at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2023, the average annual growth rate of volume to Hungary amounted to X%.

In value terms, Hungary ($X) also remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Slovakia.

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

Export Prices by Country

In 2023, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, picking up by X% against the previous year. Overall, the export price recorded a resilient expansion. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the immediate term.

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

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

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Slovakia

For the fourth year in a row, Slovakia recorded decline in purchases abroad of motorcycles and cycles with an auxiliary motor, which decreased by X% to X units in 2023. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor contracted sharply to $X in 2023. Over the period under review, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

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

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

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

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

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2023, declining by X% against the previous year. In general, the import price, however, enjoyed pronounced growth. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2022, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform