For a long time the bicycle industry has been able to rely on the fact that cycling itself is considered sustainable, but that is changing. Manufacturers across the industry are now examining their own practices and making changes to the production process. Big steps are currently being taken to ensure the industry is set up for a sustainable future.
Highlights in this latest online magazine (Issue 24 | December 2022) include:
MADRID, Spain - Bicycle production in Spain rebounded again in October with 25,400 bicycles produced for a value of €18.2 million. Compared to the same month of the previous year, this is a growth of 23.3% in units and 16.7% in turnover, according to data published by the Ministry of Industry and Tourism.
DHAKA, Bangladesh - Known as a manufacturer of textiles, garments, lingerie and chemicals, Panam Group diversified into the production of bicycles a year ago. The company is keen to expand into newer sectors and found bicycle production and its exports a potential area thanks to the favourable duty structure for Bangladesh-based bicycle exporters to the European Union (EU).
MADRID, Spain - Bicycle production in Spain reached 171,200 units during the first half of 2024, data from the Spanish Ministry of Industry and Tourism shows. Although this represents a 6.4% decrease on the same period last year, production has grown to around 30,000 units per month during the second quarter of 2024.
MADRID, Spain - Bicycle production in Spain saw a 6.8% year-on-year decrease in production in February, after registering a 10.5% decrease in the first month of the year, according to data from the Ministry of Industry Trade and Tourism. Despite these decreases, the units produced represent the highest monthly figures since June 2023 indicating a potential sign of a turnaround in the market.
