European Bike Imports Surge in 30%

In the year when the problem of tight supply chain has plagued the market, the import volume of Bicycle in EU countries has increased significantly. Since Ebike's sales momentum, market value has been slowly and stable.

The average retail price of bicycle products imported to Europe has risen sharply. Ebike imports in Europe have increased double -digit, which has exceeded the shipping volume of bicycles imported in Europe.

The total sales of the 2022 Asian bicycle exporting country have decreased compared to 2021. The total number of ordinary bicycles decreased from 5.4 million vehicles in 2021 to more than 5 million units last year, a decrease of 6.37%. The largest supply of the country Cambodia increased by 18.44%to 1.2 million units. The country currently supplies nearly a quarter of the EU's bicycle imports. Cambodia's market share increased from 18.9%in 2021 to 23.8%in 2022.

However, for the top ten bicycles of the European Union, most countries shipped in 2022 less than 2021. The orders including traditional bicycle manufacturing countries including China are transferring to Bangladesh, Tunisia, and Thailand.

In particular, Bangladesh is currently undergoing a boom in the construction of bicycle factories. According to the country's export promotion bureau, Bangladesh is actively seeking to diversify it, focusing on engineering products and bicycles to meet the growing needs of the international market. Bangladesh is currently one of the countries that benefit from the import tax exemption that benefits to the EU bicycle.