Northern America: Bicycle Market 2024

Bicycle Market Size in Northern America

After two years of growth, the North American bicycle market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then reduced modestly in the following year.

Bicycle Production in Northern America

In value terms, bicycle production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Bicycle Exports

Exports in Northern America

In 2022, shipments abroad of bicycles and other cycles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, bicycle exports skyrocketed to $X in 2022. Total exports indicated measured growth 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the largest exporter of bicycles and other cycles in Northern America, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Canada (X units), constituting a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of bicycles and other cycles. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest bicycle supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, bicycle exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

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

Bicycle Imports

Imports in Northern America

In 2022, after two years of growth, there was significant decline in supplies from abroad of bicycles and other cycles, when their volume decreased by X% to X units. Over the period under review, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, bicycle imports rose notably to $X in 2022. The total import 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 growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The United States was the major importer of bicycles and other cycles in Northern America, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X units), achieving a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to bicycle imports into the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. Canada (X p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported bicycles and other cycles in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, bicycle imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, increasing by X% against the previous year. Import price indicated a strong 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 reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

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

Source: IndexBox Platform

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