Romania: Bicycle Market 2024

Bicycle Market Size in Romania

The Romanian bicycle market fell remarkably to $X in 2021, waning by -31.1% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Bicycle Production in Romania

In value terms, bicycle production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +19.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 38%. As a result, production attained the peak level of $X, and then reduced in the following year.

Bicycle Exports

Exports from Romania

For the fifth year in a row, Romania recorded growth in shipments abroad of bicycles and other cycles, which increased by 15% to X units in 2021. Overall, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 35%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, bicycle exports skyrocketed to $X in 2021. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X units) was the main destination for bicycle exports from Romania, with a 41% share of total exports. Moreover, bicycle exports to France exceeded the volume sent to the second major destination, Spain (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +94.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+18.1% per year) and Italy (+47.7% per year).

In value terms, France ($X) remains the key foreign market for bicycles and other cycles exports from Romania, comprising 40% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Italy, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +87.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.6% per year) and Italy (+54.8% per year).

Export Prices by Country

In 2021, the average bicycle export price amounted to $X per unit, increasing by 5.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 12%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Germany ($X per unit) and Poland ($X per unit), while the average price for exports to Turkey ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Romania

After two years of decline, overseas purchases of bicycles and other cycles increased by 33% to X units in 2021. Over the period under review, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by 48% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, bicycle imports skyrocketed to $X in 2021. In general, imports enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 45% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X units), Bulgaria (X units) and Portugal (X units) were the main suppliers of bicycle imports to Romania, with a combined 43% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +526.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bicycle suppliers to Romania were Bulgaria ($X), Germany ($X) and Italy ($X), together accounting for 44% of total imports. Portugal, Austria, the Netherlands, Turkey, Poland, Spain, Serbia, China, Greece and India lagged somewhat behind, together comprising a further 43%.

Portugal, with a CAGR of +516.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bicycle import price stood at $X per unit in 2021, growing by 2.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.3%. The most prominent rate of growth was recorded in 2013 an increase of 43% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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