World - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
Bicycle Market - Global Trade in Bicycles Wasted Its Growth
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The global trade in bicycles amounted to 9,553 million USD in 2015, fluctuating mildly over the period under review. A significant drop in 2009 was followed by robust growth over next three years, until it levelled off through to 2015. Overall, there was an annual increase of 6.1% from 2007 to 2015.
China continued to dominate in the global supplies of bicycles. In 2015, China's exports of bicycles totaled 3,516 million USD, which accounted for a 37% share of global exports. Taipei, the Netherlands, Germany, and Portugal were the other key global suppliers of bicycles in 2015, with a 37% combined share of global exports.
Germany (+12.4% per year) and the Netherlands (+10.9% per year) were the fastest growing exporters on the global bicycle market from 2007 to 2015. The Netherlands strengthened its position in the global export structure, growing its share from 6% in 2007 to 9% in 2015.
On the other hand, USA (20%, based on value terms), Japan (9%), Germany (8%), the UK (7%), and the Netherlands (6%) were the leading destinations of imports of bicycles in 2015. Imports to the Netherlands grew at a quick pace of +10.1% per year from 2007 to 2015. By contrast, the UK contracted its imports of bicycles over the same period. The Netherlands increased its share of global imports by +2 percentage points, while the share of the UK illustrated negative dynamics (-3 percentage points).
Do you want to know more about the global bicycle market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- bicycle market share
- bicycle prices
- bicycle industry
- bicycle sales
- bicycle market forecast
- bicycle price forecast
- key bicycle producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global bike market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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