2023-05-19 23:22:38
Motorcycles and other two-wheeled mobility options continue to consolidate in the country as a transportation alternative.
Motorcycles and other two-wheeled mobility options continue to consolidate in Colombia as an option for the movement of citizens, above vehicles.
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A study prepared by CVN, the Colombian company that integrates AI, Machine Learning and Big Data tools to do market intelligence, found that, Despite the fact that this market fell 20.67% in 2022, they continue to be one of the alternatives that Colombians acquire the most.
“Imports of electric two-wheeled vehicles have been growing within the Colombian market, since between 2021 and 2022, They had an increase of 61.58%, since, from 49,000 imported units, it went to almost 79,000”, stated José Esteban Rojas, co-founder and CEO of CVN.
Over there, the skateboards and scooters electrical accounted for 85.87%; then there are electric bikeswhich are 7.38% and electric motorcycles (6.76%).
On the other hand, from total imports and motorcycle assembly, Some 666,280 units (55.32%) were motorcycles with a displacement of 185 CC. This was followed by the bicycles with more than 357,000 units (28.05%); motorcycles with a displacement equal to or greater than 250 CC, 111,440 (8.75%), and finally skateboards and scooters.
According to Single National Traffic Registry (RUNT), to date, 6,641,343 motorcycles circulate in the country. This is followed by vehicles such as automobiles (2,345,635); vans (1,410,426); utility (214,084), cargo (320,309) and passengers (47,058).
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National and international motorcycle industry
The national industry managed to export 1.15 million units of motorcycles in 2022, a 4.19% decrease compared to 2021, in which 1.20 million units were sold. Ecuador (84.33%), Venezuela (4.3%); Chile (3.7%) and Brazil (0.85%) were the destinations to which it was sold the most.
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“Although the motorcycle and parts sector closed 2022 with record figures in sales and imports in units and in money, exports fell and we still have not reached the historical figures of 2014, when it was decided to close relations with Venezuela. From what I consider, it is very interesting to return to them with the neighboring country, since it is a growth opportunity for this and other industrial sectors”, Rojas analyzed.
The strength of Asian countries in the Colombian market was also highlighted, since within the motorcycle sector, China dominates the market with a 64% share. On the other hand, India, with companies like Bajaj, are also beginning to have an impact on trade and already have a representation of 13%.
“It should be noted that in the coming months it is very important for any company to keep an eye on price behavior and the margins in each business in this scenario of high volatility of the TRM, the interest rate and the way in which the consumer moves when buying durable goods”, concluded the manager.
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