Motorcycles including mopeds and cycles with auxiliary motors including side-cars market in Sweden

Earlier Report Observations

The Swedish motorcycle market experienced significant volatility between 2020 and 2024. Market volume surged by over 67% in 2021, reaching 300.7 thousand units, before contracting in the subsequent years to 147.6 thousand units in 2024. This peak was accompanied by a parallel rise in market value to $281.5 million, which also retreated to $166.7 million by the end of the period.

Imports were the primary driver of market supply, growing from 161.7 thousand units in 2018 to a high of 331.0 thousand units in 2021. Following this peak, import volumes fell sharply, declining to 176.6 thousand units by 2024. Concurrently, export volumes increased from 29.3 thousand units in 2018 to 78.8 thousand units in 2022, which reduced the net volume available for domestic consumption.

Domestic production played a smaller role, increasing from 25.4 thousand units in 2020 to 42.5 thousand units in 2022, then falling to 24.2 thousand units in 2024. The overall market trajectory shows a pronounced expansion followed by a substantial correction, with import flows being the most dynamic component.

Production motorcycles and cycles with auxiliary motors in Sweden

In value, 2017-2020, K $ US

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

In kind, 2017-2020, unit

Annual dynamics of production in Sweden in kind, 2017-2020, unit

Exports motorcycles and cycles with auxiliary motors from Sweden

Exports in kind, K unit

Sweden's exports of motorcycles, including mopeds and cycles with auxiliary motors and side-cars, have grown for the third year in a row. In 2020, exports reached 72.4 thousand units, marking a significant 32.1% year-over-year increase. From 2017 to 2020, exports surged by 315.8%, which translates to an annualized growth rate of 60.8%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, K unit

From 2017 to 2020, Norway, Finland, and Denmark were the top buyers of motorcycles, including mopeds and cycles with auxiliary motors and side-cars, from Sweden. Norway accounted for 45.2% of exports in kind, Finland for 27.7%, and Denmark for 18.3%. Together, these three countries made up 91.2% of Sweden's total exports in kind during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, M $ US

Sweden's exports of motorcycles, including mopeds and cycles with auxiliary motors and side-cars, have increased for the third consecutive year. In 2020, the value of these exports was 43.8 million US dollars, reflecting a sharp 69.0% rise compared to the previous year. Between 2017 and 2020, export value grew by 402.7%, equivalent to an annualized rate of 71.3%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, M $ US

During the 2017–2020 period, Finland, Norway, and Denmark were the key partners for Sweden's exports in value terms. Finland represented 32.6% of exports, Norway 31.7%, and Denmark 18.1%. Combined, these three countries accounted for 82.3% of the total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports motorcycles and cycles with auxiliary motors to Sweden

Imports in kind, K unit

After two years of growth, Sweden's imports of motorcycles, including mopeds and cycles with auxiliary motors and side-cars, declined in volume. In 2020, imports totaled 226.7 thousand units, showing a gradual 6.2% decrease from 2019. Over the 2017–2020 period, imports increased by 63%, with a compound annual growth rate of 17.7%. The peak volume was recorded in 2019 at 241.6 thousand units, which also saw the largest annual increase of 49.4%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, K unit

From 2017 to 2020, China, Denmark, and Germany were the main sources for Sweden's imports of motorcycles, including mopeds and cycles with auxiliary motors and side-cars, in kind. China contributed 56.9% of imports, Denmark 7.9%, and Germany 5.8%. Together, these three countries represented 70.7% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, M $ US

Sweden's imports of motorcycles, including mopeds and cycles with auxiliary motors and side-cars, have risen for the third year in a row. In 2020, imports amounted to 206.7 million US dollars, which is 1.2% higher than in 2019. From 2017 to 2020, import value increased by 28%, with a compound annual growth rate of 8.6%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, M $ US

In the 2017–2020 period, China, Germany, and Belgium played notable roles as suppliers of motorcycles, including mopeds and cycles with auxiliary motors and side-cars, to Sweden in value terms. China accounted for 21.8% of imports, Germany for 19.2%, and Belgium for 8.7%. However, their combined share was 49.6%, indicating they were significant but not dominant in the import market.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020