Eastern Europe: Bicycle Market 2024

Bicycle Market Size in Eastern Europe

The East European bicycle market contracted to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Bicycle Production in Eastern Europe

In value terms, bicycle production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in years to come.

Bicycle Exports

Exports in Eastern Europe

In 2022, shipments 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. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped in the following year.

In value terms, bicycle exports totaled $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Poland (X units) and Romania (X units) were the largest exporters of bicycles and other cycles in 2022, accounting for near X% and X% of total exports, respectively. It was distantly followed by Bulgaria (X units), Lithuania (X units), the Czech Republic (X units) and Hungary (X units), together comprising a X% share of total exports. Slovakia (X units) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bicycle supplying countries in Eastern Europe were Bulgaria ($X), Poland ($X) and the Czech Republic ($X), together accounting for X% of total exports. Lithuania, Romania, Hungary and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Bicycle Imports

Imports in Eastern Europe

In 2022, the amount of bicycles and other cycles imported in Eastern Europe plummeted to X units, reducing by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced sharply in the following year.

In value terms, bicycle imports contracted remarkably to $X in 2022. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

Russia represented the largest importing country with an import of about X units, which amounted to X% of total imports. Poland (X units) held the second position in the ranking, distantly followed by the Czech Republic (X units), Slovakia (X units), Ukraine (X units) and Romania (X units). All these countries together held approx. X% share of total imports. Hungary (X units) held a relatively small share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Slovakia (X%), Romania (X%), Hungary (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ukraine, Hungary, Slovakia, Poland, Romania and the Czech Republic increased by X, X, X, X, X and X percentage points, respectively.

In value terms, the largest bicycle importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Russia ($X), together accounting for X% of total imports. Slovakia, Romania, Hungary and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, surging by X% against the previous year. Import price indicated a resilient 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 2019 indices. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :