Australia and Oceania: Bicycle Market 2024

Bicycle Market Size in Australia and Oceania

The bicycle market in Australia and Oceania reached $X in 2022, with an increase of X% against the previous year. In general, consumption, however, showed a significant expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Bicycle Production in Australia and Oceania

In value terms, bicycle production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Bicycle Exports

Exports in Australia and Oceania

In 2022, overseas shipments of bicycles and other cycles decreased by X% to X units, falling for the third year in a row after two years of growth. Overall, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, bicycle exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X units), constituting a X% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of bicycles and other cycles. New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest bicycle supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, bicycle exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, showed a deep downturn. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Bicycle Imports

Imports in Australia and Oceania

In 2022, purchases abroad of bicycles and other cycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked at X units in 2021, and then declined sharply in the following year.

In value terms, bicycle imports surged to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia was the largest importer of bicycles and other cycles in Australia and Oceania, with the volume of imports finishing at X units, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X units), achieving a X% share of total imports. Papua New Guinea (X units) took a little share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Papua New Guinea (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and New Zealand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported bicycles and other cycles in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

In Australia, bicycle imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, jumping by X% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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