Dr. Marcus Webb
The world celebrates World Bicycle Day on June 3rd, recognizing the significant impact and growing popularity of bicycles worldwide. In recent years, the EU has been a major player in the global bicycle trade, both in terms of exports and imports.
In 2023, the EU exported bicycles worth €1.03 billion, experiencing a 10% decrease compared to the previous year. On the other hand, the value of imports stood at €1.98 billion, reflecting a 21% decline. These figures suggest a shift in the dynamics of the bicycle market within the EU.
Analyzing the data further, it is interesting to note that electric bicycles constituted a significant portion of both exports and imports. The EU exported 293 thousand electric bicycles, marking a 21% decrease from the previous year, while imports of electric bicycles reached 867 thousand, reflecting a 27% decrease.
When it comes to non-electric bicycles, the EU exported 852 thousand units, recording a decline of 17% compared to the previous year, while imports stood at 3.5 million, reflecting a 34% decrease.
Switzerland emerged as the primary destination for EU exports of non-electric bicycles, accounting for 30% of all exports to countries outside the EU. The United Kingdom followed closely behind with a 20% share, and the United States represented 6% of the total.
In terms of electric bicycle exports, Switzerland and the UK maintained their dominance, accounting for 46% and 26% of total extra-EU electric bicycle exports, respectively. The United States followed with 10%, closely followed by Norway with 9%.
On the import side, Taiwan played a significant role, being the largest exporter of both non-electric and electric bicycles to the EU. 32% of all non-electric bicycle imports came from Taiwan, while an impressive 59% of electric bicycle imports originated from the country. Vietnam, Switzerland, and China also contributed to the EU’s import market.
As we celebrate World Bicycle Day, let us appreciate the role bicycles play in promoting sustainable transportation, improving health and fitness, and fostering a sense of community. The EU’s bicycle trade data highlights the global passion for cycling and the interconnectedness of countries in meeting the growing demand for bicycles.
The bicycle industry has been experiencing significant growth and popularity worldwide, with the European Union (EU) playing a major role in the global bicycle trade. In 2023, the EU exported bicycles worth €1.03 billion, making it a significant exporter in the industry. However, there was a 10% decrease in exports compared to the previous year. Imports of bicycles into the EU also saw a decline of 21%, totaling €1.98 billion.
One interesting trend within the EU’s bicycle trade is the rise of electric bicycles. Electric bicycles made up a significant portion of exports and imports, with the EU exporting 293 thousand electric bicycles and importing 867 thousand. Both figures saw a decrease from the previous year, with exports experiencing a 21% decline and imports reflecting a 27% decrease.
In terms of non-electric bicycles, the EU exported 852 thousand units, which was a decline of 17% compared to the previous year. Imports of non-electric bicycles stood at 3.5 million, with a 34% decrease.
Switzerland emerged as the primary destination for EU exports of non-electric bicycles, accounting for 30% of all exports to countries outside the EU. The United Kingdom followed closely behind with a 20% share, and the United States represented 6% of the total.
For electric bicycle exports, Switzerland and the UK maintained their dominance as importers, accounting for 46% and 26% of total extra-EU electric bicycle exports, respectively. The United States followed with 10%, closely followed by Norway with 9%.
On the import side, Taiwan played a significant role, being the largest exporter of both non-electric and electric bicycles to the EU. 32% of all non-electric bicycle imports came from Taiwan, while an impressive 59% of electric bicycle imports originated from the country. Vietnam, Switzerland, and China also contributed to the EU’s import market.
The growing demand for bicycles worldwide is a testament to the importance of promoting sustainable transportation, improving health and fitness, and fostering a sense of community. The EU’s bicycle trade data highlights the interconnectedness of countries in meeting this demand and the global passion for cycling.
For more information on the global bicycle industry and market forecasts, you can check out Statista’s Bicycle Industry in the US or IBISWorld’s Bicycle Manufacturing. These sources provide comprehensive insights into the industry, including market forecasts and issues related to the bicycle industry and products.
