United Kingdom - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBicycle Price in the UK - 2023
Contents:
- Bicycle Price in the UK (CIF) - 2023
- Bicycle Price in the UK (FOB) - 2022
- Bicycle Imports in the UK
- Bicycle Exports in the UK
Bicycle Price in the UK (CIF) - 2023
In August 2023, the average bicycle import price amounted to $246 per unit, reducing by -4.8% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 147% against the previous month. The import price peaked at $320 per unit in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Taiwan (Chinese) ($1,108 per unit), while the price for India ($57.5 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Portugal (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Price in the UK (FOB) - 2022
The average bicycle export price stood at $279 per unit in 2022, growing by 25% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle export price increased by +83.3% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($729 per unit), while the average price for exports to Kenya ($23 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Imports in the UK
In 2022, approx. 2.7M units of bicycles and other cycles were imported into the UK; shrinking by -14.4% on the year before. In general, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 8.8% against the previous year. As a result, imports attained the peak of 3.1M units, and then contracted in the following year.
In value terms, bicycle imports reduced modestly to $499M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 7.2% against the previous year. As a result, imports reached the peak of $531M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Bicycle in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 91.9 | 72.4 | 61.7 | 83.1 | -3.3% |
| China | 33.3 | 40.4 | 70.3 | 75.2 | 31.2% |
| Cambodia | 68.8 | 83.2 | 70.2 | 66.3 | -1.2% |
| Bangladesh | 39.4 | 38.4 | 50.9 | 48.1 | 6.9% |
| Indonesia | 32.3 | 39.7 | 35.9 | 29.4 | -3.1% |
| Tunisia | 22.8 | 28.6 | 30.8 | 25.4 | 3.7% |
| Portugal | 8.6 | 9.2 | 14.0 | 14.4 | 18.7% |
| Netherlands | 53.2 | 56.4 | 35.6 | 11.1 | -40.7% |
| Thailand | 10.0 | 10.5 | 10.5 | 10.3 | 1.0% |
| Sri Lanka | 8.4 | 11.2 | 14.2 | 9.8 | 5.3% |
| Turkey | 2.3 | 5.4 | 10.0 | 8.5 | 54.6% |
| India | 3.3 | 3.0 | 5.0 | 5.9 | 21.4% |
| Philippines | 24.7 | 11.9 | 15.2 | 4.2 | -44.6% |
| Others | 96.0 | 120 | 91.0 | 107 | 3.7% |
| Total | 495 | 531 | 515 | 499 | 0.3% |
Top Suppliers of Bicycle to the UK in 2022:
- China (585.0K units)
- Bangladesh (524.2K units)
- Taiwan (Chinese) (344.4K units)
- Tunisia (227.7K units)
- Cambodia (187.7K units)
- Indonesia (121.9K units)
- India (113.1K units)
- Thailand (99.7K units)
- Sri Lanka (94.1K units)
- Portugal (65.9K units)
- Philippines (54.6K units)
- Turkey (53.6K units)
- Netherlands (19.4K units)
Bicycle Exports in the UK
Bicycle exports from the UK fell to 440K units in 2022, which is down by -10.7% on the year before. Over the period under review, exports recorded a deep reduction. The smallest decline of -0.9% was in 2021. The exports peaked at 646K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, bicycle exports stood at $123M in 2022. Overall, exports recorded a perceptible decrease. The exports peaked at $137M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Bicycle in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.6 | 5.0 | 9.3 | 24.7 | 37.0% |
| United States | 8.7 | 15.6 | 17.7 | 17.0 | 25.0% |
| China | 1.1 | 1.6 | 4.9 | 12.6 | 125.4% |
| Singapore | 4.4 | 7.3 | 15.8 | 9.6 | 29.7% |
| South Korea | 2.3 | 3.1 | 5.4 | 8.8 | 56.4% |
| Ireland | 54.4 | 43.2 | 23.5 | 7.9 | -47.4% |
| Germany | 11.4 | 11.2 | 5.3 | 7.7 | -12.3% |
| France | 9.0 | 11.2 | 2.9 | 1.9 | -40.5% |
| Switzerland | 1.7 | 1.8 | 1.3 | 1.9 | 3.8% |
| Sierra Leone | N/A | N/A | N/A | 1.0 | 0% |
| Nigeria | 1.1 | 0.5 | 0.5 | 0.7 | -14.0% |
| Kenya | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Ghana | 0.3 | N/A | 0.1 | 0.2 | -12.6% |
| Others | 33.0 | 35.5 | 23.3 | 28.5 | -4.8% |
| Total | 137 | 136 | 110 | 123 | -3.5% |
Top Export Markets for Bicycle from the UK in 2022:
- United States (72.1K units)
- Netherlands (59.6K units)
- Ireland (57.3K units)
- Singapore (43.6K units)
- Germany (18.7K units)
- South Korea (17.9K units)
- China (17.3K units)
- Sierra Leone (16.8K units)
- Kenya (11.6K units)
- Nigeria (11.0K units)
- Switzerland (10.0K units)
- Ghana (7.8K units)
- France (4.4K units)
This report provides an in-depth analysis of the bicycle market in the UK. 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 2030.
Product coverage:
- Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
- Prodcom 30921030 -
- Prodcom 30921050 -
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the bicycle market in the UK.
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This report provides an in-depth analysis of the global bicycle market.
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This report provides an in-depth analysis of the bicycle market in the UK.
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This report provides an in-depth analysis of the global bicycle market.
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In April 2023, the Bicycle's price remained steady at $320 per unit (CIF, United Kingdom), maintaining the same level as the previous month.
222
Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
534
In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
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In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
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In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
1923
The global trade in bicycles amounted to X 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 thro
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Canyon Bicycles, a well-known German bicycle producer, has announced the opening of an office in Melbourne, Australia, as well as the launching of direct sales in New Zealand. The new office will act as a representative of Canyon Bicycles, participatin
298
In April 2023, the Bicycle's price remained steady at $320 per unit (CIF, United Kingdom), maintaining the same level as the previous month.
222
Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
534
In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
