Paraguay Motorcycles Market in 2022 reached 156.586 (+74.6%) sales, fully recovering after the distribution channel disruption suffered in the Covid 19 period, hitting the second highest level ever.
Motorcycles Market Trend in 2022
The motorcycles market i 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 sales recovered partially (116.881 sales).
In 2022 sales have been 156.586 (+74.6%) fully recovering after the distribution channel disruption suffered in the Covid 19 period, hitting the second highest level ever.
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.