Switzerland: Bicycle Market 2024

Bicycle Market Size in Switzerland

In 2021, the Swiss bicycle market decreased by -2.9% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Bicycle Exports

Exports from Switzerland

Bicycle exports from Switzerland stood at X units in 2021, surging by 8.6% against 2020. Over the period under review, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 20%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bicycle exports shrank to $X in 2021. Overall, exports, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 31%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X units), Gambia (X units) and Burkina Faso (X units) were the main destinations of bicycle exports from Switzerland, together comprising 33% of total exports. Ghana, Serbia, Madagascar, Nigeria, Singapore, Cameroon, Cote d'Ivoire, the United Arab Emirates, North Macedonia and Albania lagged somewhat behind, together comprising a further 47%.

From 2012 to 2021, the biggest increases were recorded for Madagascar (with a CAGR of +106.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bicycle exported from Switzerland were Singapore ($X), the United Arab Emirates ($X) and Tanzania ($X), together accounting for 14% of total exports. These countries were followed by Gambia, Burkina Faso, Ghana, Madagascar, Serbia, Nigeria, Cote d'Ivoire, Cameroon, North Macedonia and Albania, which together accounted for a further 13%.

Madagascar, with a CAGR of +131.7%, recorded 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, with a decrease of -12% against the previous year. Over the period under review, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 67%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Albania ($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 Madagascar (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Switzerland

In 2021, approx. X units of bicycles and other cycles were imported into Switzerland; surging by 3.8% against 2020. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 9.6% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, bicycle imports fell modestly to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2021, China (X units) constituted the largest bicycle supplier to Switzerland, with a 47% share of total imports. Moreover, bicycle imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.9% per year) and Taiwan (Chinese) (-9.8% per year).

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) were the largest bicycle suppliers to Switzerland, together comprising 73% of total imports. Italy, Cambodia, Portugal, the Netherlands, Bulgaria, Romania, Bangladesh and the Philippines lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Romania, with a CAGR of +91.4%, recorded the highest rates of growth with regard to 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

The average bicycle import price stood at $X per unit in 2021, which is down by -6.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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