Brazil: Bicycle Market 2024

Bicycle Market Size in Brazil

After five years of growth, the Brazilian bicycle market decreased by -0.5% to $X in 2021. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 3.3% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bicycle Production in Brazil

In value terms, bicycle production reduced modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of 0.2%. Bicycle production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bicycle Exports

Exports from Brazil

In 2021, the amount of bicycles and other cycles exported from Brazil skyrocketed to X units, increasing by 107% compared with 2020. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bicycle exports soared to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 261% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Paraguay (X units), Uruguay (X units) and Bolivia (X units) were the main destinations of bicycle exports from Brazil, together accounting for 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of +41.4%), while the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), Uruguay ($X) and Argentina ($X) constituted the largest markets for bicycle exported from Brazil worldwide, together accounting for 92% of total exports.

Paraguay, with a CAGR of +53.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bicycle export price stood at $X per unit in 2021, waning by -17% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 260%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Brazil

In 2021, the amount of bicycles and other cycles imported into Brazil soared to X units, increasing by 83% against the year before. Overall, imports, however, saw a abrupt contraction. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bicycle imports reached $X in 2021. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 14% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of bicycle to Brazil, with a 91% share of total imports. Moreover, bicycle imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+117.2% per year) and Taiwan (Chinese) (-17.9% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Vietnam ($X) were the largest bicycle suppliers to Brazil, together accounting for 85% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +112.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average bicycle import price amounted to $X per unit, dropping by -42.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 26%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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