MERCOSUR: Bicycle Market 2024

Bicycle Market Size in MERCOSUR

In 2023, the MERCOSUR bicycle market decreased by X% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption recorded a perceptible slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Bicycle Production in MERCOSUR

In value terms, bicycle production stood at $X in 2023 estimated in export price. Overall, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Bicycle Exports

Exports in MERCOSUR

In 2023, shipments abroad of bicycles and other cycles decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a slight slump. The growth pace was the most rapid in 2014 when exports increased by X%. The volume of export peaked at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, bicycle exports contracted to $X in 2023. Overall, exports recorded a pronounced setback. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Brazil represented the major exporter of bicycles and other cycles in MERCOSUR, with the volume of exports reaching X units, which was near X% of total exports in 2023. Chile (X units) took the second position in the ranking, distantly followed by Colombia (X units) and Peru (X units). All these countries together took near X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bicycle supplying countries in MERCOSUR were Chile ($X), Brazil ($X) and Colombia ($X), with a combined X% share of total exports. Peru lagged somewhat behind, accounting for a further X%.

In terms of the main exporting countries, Peru, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2023, surging by X% against the previous year. Overall, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Bicycle Imports

Imports in MERCOSUR

In 2023, supplies from abroad of bicycles and other cycles decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports saw a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, bicycle imports fell rapidly to $X in 2023. Total imports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Colombia (X units), distantly followed by Ecuador (X units), Peru (X units), Chile (X units), Guyana (X units), Venezuela (X units) and Uruguay (X units) represented the key importers of bicycles and other cycles, together generating X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Guyana (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bicycle importing markets in MERCOSUR were Colombia ($X), Chile ($X) and Ecuador ($X), with a combined X% share of total imports.

Colombia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2023, with a decrease of X% against the previous year. Import price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, bicycle import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Chile ($X per unit), while Guyana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform