Money Buzz! Europa

Tag: bicycles

  • European Union states exported almost 1.3 million bicycles in 2020

    European Union states exported almost 1.3 million bicycles in 2020

    In 2020, the European Union exported almost 1.3 million bicycles and other cycles, worth a total of €471 million, to countries outside of the EU, Eurostat reports.

    Over the same period, the EU imported almost 5 million bicycles, worth €930 million, from countries outside its borders.

    Compared with 2019, exports of bicycles and other cycles increased by 35% in 2020 in numbers, while imports declined by 3%.

    273.900 electric bicycles worth €427 million were exported by the EU in 2020. Meanwhile, the EU imported 839 100 electric bicycles, worth €721 million, from other countries.

    Compared with 2019, exports of electric bicycles increased by 43% in 2020 in numbers, while imports of electric bicycles increased by 19%.

    In 2020,UK was the main destination for EU exports of bicycles (34% of total extra-EU bicycle exports), followed by Switzerland (13%), Brazil (9%), Turkey (5%) and Uzbekistan (4%). 

    Imports of bicycles from non-EU countries came mainly from Cambodia (24% of total extra-EU bicycle imports), China (17%), Taiwan (11%), Bangladesh (8 %), Turkey (7%), Philippines (6%) and Sri Lanka (5%). 

  • Turkey sold electric bicycles to 43 countries last year

    Turkey sold electric bicycles to 43 countries last year

    Foreign trade for electric bicycles made in Turkey has quadrupled in 2020 compared to 2019, with exports reaching $ 39.2 million, Daily Sabah reports.

    In 2020, exports increased mainly due to increased demand in Europe.

    The biggest demand came from Finland, which imported $ 9.6 million worth of electric bicycles, Italy ($ 7.9 million) and the Netherlands ($ 7.4 million).

    Sales of electric bicycles to the European Union are growing every year, said Anil Shakrak, head of Accell Bicycle, a company that produces about 250,000 bicycles and exports 70 percent of its production.

    He explained that the share of electric bicycles in total bicycle exports rose to 42%.

  • EU member states exported almost 1 million bicycles and other cycles

    EU member states exported almost 1 million bicycles and other cycles

    In 2019, EU member states exported almost 1 million bicycles and other cycles, worth a total of €368 million, to countries outside of the EU.

    This represents a 24% increase in numbers compared with 2012, says Eurostat.

    Over the same period, EU member states imported over 5 million bicycles, worth €942 million, from countries outside the EU. Compared with 2012, this represents a decrease of 12%.

    EU states exported almost 200.000 electric bicycles

    In addition, EU member states exported 191.900 electric bicycles worth €272 million in 2019 (the data include bicycles with pedal assistance and an auxiliary electric motor with a continuous rated power less than 250 W).

    Meanwhile, they imported 703.900 electric bicycles, worth €594 million, from countries outside the EU.

    Compared with 2012, the number of exported electric bicycles was almost twelve times higher in 2019, while imports of electric bicycles doubled.

    Main extra-EU destinations: the UK and Switzerland

    In 2019, the United Kingdom was the main destination of EU bicycles (36% of total extra-EU bicycle exports), followed by Switzerland (18%), ahead of Turkey (6%), Uzbekistan and Norway (both 4%).

    Meanwhile, Switzerland and the United Kingdom were the main destinations for EU exports of electric bicycles (33% and 29% of total extra-EU electric bicycle exports respectively), followed by Norway (15%) and the United States (13%).

    A quarter of EU’s imported bicycles from Cambodia, a half of electric bicycles from Taiwan

    In 2019, imports of bicycles from non-EU countries came mainly from Cambodia (24% of total extra-EU bicycle imports), Taiwan (15%) and China (14%), followed by Philippines (9%), Bangladesh and Sri Lanka (both 7%).

    While imports of electric bicycles into the EU came primarily from Taiwan (52% of total extra-EU electric bicycle imports), followed by Vietnam (21%), China (13%) and Switzerland (6%).

  • Portugal is the biggest producer of bicycles in European Union

    Portugal is the biggest producer of bicycles in European Union

    In 2019, the EU produced over 11.4 million bicycles. This represents a 5% increase on the previous year and 10% higher than the number produced in 2014.

    The total production of bicycles peaked at 13.7 million in 2015, 17% higher than the number produced in 2019.

    Among EU Member States, Portugal was the largest producer of bicycles in 2019, manufacturing 2.7 million bicycles, followed by Italy (2.1 million), Germany (1.5 million), Poland (0.9 million) and the Netherlands (0.7 million).

    These five countries together accounted for 70% of total EU production of bicycles in 2019.