Which Country Imports the Most Bicycles in the World?

IndexBox has just published a new report "World: Bicycles And Other Cycles (Not Motorized) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of bike imported worldwide stood at 700K tonnes, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from 2007 to 2016: the total imports volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, bike imports increased by +1.4% against its level of 2014. The pace of growth was the most pronounced in 2008, when it surged by 98% year-to-year. In that year, global bike imports attained its maximum volume of 1.1M tonnes. From 2009 to 2016, growth of global bike imports failed to regain its strength.

In value terms, bike imports amounted to $7.8B in 2016. The total import value increased at an average annual rate of +3.4% from 2007 to 2016- however, the trend pattern indicated some noticeable fluctuations in certain years. Global bike import peaked of $8.6B in 2014- however, from 2015 to 2016, it failed to regain its strength.

Top Bike Importing Countries in the World

1. USA (1,466.8 million USD)

2. Japan (704.2 million USD)

3. Germany (671.6 million USD)

4. United Kingdom (526.9 million USD)

5. Netherlands (496.0 million USD)

6. France (356.9 million USD)

7. Belgium (276.7 million USD)

8. Canada (223.9 million USD)

9. South Korea (208.2 million USD)

10. Russia (68.2 million USD)

11. Ghana (18.3 million USD)

12. Indonesia (13.8 million USD)

Bike Imports By Country

In 2016, the U.S. (112K tonnes), distantly followed by Japan (54K tonnes), the UK (45K tonnes), and Germany (41K tonnes) were the largest importers of bike, together committing 36% of total imports. The Netherlands (29K tonnes), France (27K tonnes), South Korea (24K tonnes), Belgium (21K tonnes), Indonesia (20K tonnes), Russia (20K tonnes), Canada (17K tonnes), and Ghana (17K tonnes) followed a long way behind this figure.

From 2007 to 2016, average annual rates of growth with regard to bike imports into the U.S. stood at nan%. At the same time, Japan (+424.3%), Belgium (+22.0%), Canada (+15.5%), the Netherlands (+4.1%), and Ghana (+3.9%) displayed positive paces of growth. Moreover, Japan emerged as the fastest growing importer/exporter in the world, with a CAGR of +424.3% from 2007-2016. Germany experienced a relatively flat trend pattern. By contrast, South Korea (-1.3%), Indonesia (-2.3%), Russia (-3.1%), the UK (-5.5%), and France (-6.1%) illustrated a downward trend over the same period. From 2007 to 2016, the share of the UK, and France increased by 4%, and 3% percentage points, while Canada (-1.8%), Belgium (-2.5%), and Japan (-7.7%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($1.5B) constitutes the largest market for imported bike worldwide, making up 19% of global imports. The second position in the ranking was occupied by Japan ($704M), with the share of 9% of global imports. It was followed by Germany, with the share of 9%.

From 2007 to 2016, the average annual rate of growth in terms of value of bike imports in the U.S. expanded at +2.9%. In the other countries, the average annual rates were as follows: Japan (+1.1% per year) and Germany (-0.0% per year).

Bike Import Prices By Country

In 2016, the average import price for bike amounted to $11 per kg, going down by -7.4% against the previous year. Overall, bike import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014, when import increased by 19% from the previous year level. In that year, average bike import price reached its maximum level of $12 per kg. From 2015 to 2016, growth of average bike import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the Netherlands ($17 per kg), while Indonesia ($692 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of bike import prices was attained by Russia (+8.7% per year), while the other global leaders experienced mixed trends in the import price figures.

Do you want to know more about global bike market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• bike market share
• bike prices
• bike industry
• bike sales
• bike import
• bike export
• bike market forecast
• bike price forecast
• key bike producers

All data provided in this article covers the following product: HS Code 8712 - Bicycles and other cycles- including delivery tricycles, not motorised.

Source: World: Bicycles And Other Cycles (Not Motorized) - Market Report. Analysis and Forecast to 2025