The motorcycle market size value in Ethiopia has exhibited significant fluctuations over the past decade. The market value saw a noteworthy decline from 2013 to 2014, followed by a sharp increase in 2015. Post-2015, the market generally showed a steady growth trend until a noticeable reduction in 2020. In recent years, particularly from 2021 to 2023, the market has rebounded with positive year-on-year variations, reaching a value of $220.05 million USD in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at approximately 2.26%, indicating a moderate but steady growth rate overall.
Future trends to watch for:
- The impact of economic policies aimed at boosting domestic manufacturing and assembly could potentially expand the market.
- Rising fuel prices and the push towards more sustainable transport options might influence consumer preferences, potentially towards electric motorcycles.
- Infrastructure improvements and urbanization are likely to enhance the demand for motorcycles as a convenient mode of transportation.
- Shifts in disposable income and population growth will play critical roles in shaping market dynamics in the coming years.
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,469,400,000 | 2023 | +3.95% | +6.61% | View data |
| 2 | 2 Italy | 5,294,200,000 | 2023 | -1.59% | -0.74% | View data |
| 3 | 3 France | 4,765,200,000 | 2023 | -10.74% | -6.61% | View data |
| 4 | 4 United Kingdom | 3,144,100,000 | 2023 | -0.48% | -1.07% | View data |
| 5 | 5 Canada | 1,822,400,000 | 2023 | -0.11% | -1.67% | View data |
| 10 | 10 New Zealand | 529,820,000 | 2023 | +3.26% | +2.12% | View data |
| 11 | 11 Uganda | 444,740,000 | 2023 | +7.21% | +9.75% | View data |
| 12 | 12 Ethiopia | 220,050,000 | 2023 | +1.97% | +2.26% | |
| 13 | 13 South Africa | 171,720,000 | 2023 | -17.09% | -11.51% | View data |
| 14 | 14 Niger | 26,579,000 | 2023 | +1.93% | +1.59% | View data |
