Report Update: May 1, 2024

Colombia - Motorcycles and Bicycles - Market Analysis, Forecast, Size, Trends And Insights

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Motorcycle and Bicycle Price in Colombia - 2022

Motorcycle and Bicycle Price in Colombia (CIF) - 2022

In 2021, the average motorcycle and bicycle import price amounted to $547 per unit, increasing by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 90% against the previous year. Over the period under review, average import prices hit record highs at $650 per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($2,142 per unit), while the price for Cambodia ($133 per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Motorcycle and Bicycle Price in Colombia (FOB) - 2022

In 2021, the average motorcycle and bicycle export price amounted to $918 per unit, waning by -25.7% against the previous year. In general, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motorcycle and bicycle export price decreased by -51.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 114% against the previous year. As a result, the export price attained the peak level of $1,899 per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($4,618 per unit), while the average price for exports to Hong Kong SAR ($14 per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+15.7%), while the prices for the other major destinations experienced mixed trend patterns.

Motorcycle and Bicycle Imports in Colombia

In 2022, approx. 1.3M units of motorcycles and bicycles were imported into Colombia; declining by -18.1% against the previous year's figure. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 57%. As a result, imports attained the peak of 1.6M units, and then declined significantly in the following year.

In value terms, motorcycle and bicycle imports plummeted to $671M in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year. As a result, imports attained the peak of $888M, and then shrank rapidly in the following year.

Import of Motorcycle and Bicycle in Colombia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	208	200	104	-29.3%
Taiwan (Chinese)	25.8	22.9	17.2	-18.4%
India	222	171	12.2	-76.6%
Cambodia	0.1	1.6	3.7	508.3%
Others	73.4	58.0	751	219.9%
Total	529	454	888	29.6%

Top Suppliers of Motorcycle and Bicycle to Colombia in 2022:

China (765.1K units)
Cambodia (27.5K units)
India (15.3K units)
Taiwan (Chinese) (11.2K units)

Motorcycle and Bicycle Exports in Colombia

In 2022, the amount of motorcycles and bicycles exported from Colombia dropped notably to 11K units, shrinking by -17.8% compared with the previous year. In general, exports showed a mild shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 55%. As a result, the exports attained the peak of 13K units, and then contracted remarkably in the following year.

In value terms, motorcycle and bicycle exports fell to $11M in 2022. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs at $15M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Motorcycle and Bicycle in Colombia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Ecuador	13.5	7.1	9.6	-15.7%
Chile	N/A	0.4	1.0	150.0%
Peru	N/A	0.4	0.5	25.0%
United States	N/A	0.1	0.3	200.0%
Mexico	N/A	N/A	0.1	0%
Hong Kong SAR	N/A	N/A	N/A	0%
Venezuela	1.2	0.8	N/A	-33.3%
Mozambique	N/A	N/A	N/A	0%
Others	0.5	1.7	0.5	0.0%
Total	15.3	10.4	12.0	-11.4%

Top Export Markets for Motorcycle and Bicycle from Colombia in 2022:

Ecuador (10.7K units)
United States (1.2K units)
Chile (1.0K units)
Peru (0.5K units)
Mexico (0.3K units)
Hong Kong SAR (0.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the motorcycle and bicycle market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30911100 - Motorcycles, and cycles fitted with an auxiliary motor, with an engine capacity . .50 cm.
Prodcom 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
Prodcom 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine
Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023