Paraguay Motorcycles Market hit by currency depreciation and high prices increase, dropped sharply in 2023 falling below the 100K. The local manufacturer, Kenton, is by far market leader.
The motorcycles market in Paraguay fluctuates any year being deeply affected by imported costs and currency depreciation.
However, the market is at considerable level, usually above the 100K per year, because the 2-Wheelers represents the primary individual device for local people, still living with one of lowest pro-capita income in the region.
After hitting the all-time record in 2017, just over the 200K, the market was back at 158K in 2019 before to be hit seeraly by Covid 19 stop to the global distribution chain, falling down at below 50K in 2020.
The fall was temporary and, as the trade activities were back to the normality, sales grew up. However, this took time and in 2021 and 2022 sales recovered up, reaching back the pre-covid level.
However, currency depreciation and high price increases hit the demand last year and in 2023 sales have been only 96.000.
The market is dominated by local manufacturer with Kenton, while new brands has been launched – with CDK production based on Chinese components, with immediately huge sales volumes.
Japanese and European manufacturers have a small market share and Indians manufacturers are still marginal.
