The Bicycles and Motorcycles Parts and Accessories market in Cyprus has experienced varying growth rates over the past decade. In 2023, the market's value reached 8.3109 million USD. Over the last five years, the compound annual growth rate (CAGR) stood at 1.58%, with the highest year-on-year growth occurring in 2018 at 22.22%. Recent years have shown steady increases, with a 3.09% rise from 2022 to 2023.
Future trends to watch in this sector include:
- Potential shifts towards electric bicycle and motorcycle components.
- Increasing consumer preference for bespoke and high-performance parts.
- Regulatory changes impacting product standards and imports.
| # | 34 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19,036,000,000 | 2023 | +3.17% | +3.84% | View data |
| 2 | 2 Japan | 5,033,800,000 | 2023 | -4.63% | -4.83% | View data |
| 3 | 3 Italy | 4,449,600,000 | 2023 | +0.34% | +0.61% | View data |
| 4 | 4 India | 3,932,600,000 | 2023 | +2.22% | +2.55% | View data |
| 5 | 5 France | 3,497,300,000 | 2023 | +2.42% | +1.52% | View data |
| 30 | 30 Iceland | 14,631,000 | 2023 | +5.3% | +4.79% | View data |
| 31 | 31 Zambia | 8,359,500 | 2023 | -2.25% | -2.39% | View data |
| 32 | 32 Cyprus | 8,310,900 | 2023 | +3.09% | +1.58% | |
| 33 | 33 Mauritius | 5,175,000 | 2023 | +0.63% | -0.51% | View data |
| 34 | 34 Malta | 2,421,900 | 2023 | +1.87% | +2.33% | View data |
