BRUSSELS, Belgium - E-bikes have become the top electric vehicle choice for European consumers, offering mobility, leisure, and health benefits. The e-bike also brought the much-wanted reshoring of production: e-bikes for European markets are predominantly made locally. While the e-bike continues to gain ground, bicycle sales have slipped away.
Subscribers onlyBRUSSELS, Belgium - The bicycle industry is eagerly waiting better times. Although some insiders noted slight changes in the market in a positive direction at Taipei Cycle Show this month, leading indicators are not showing any sign of that. The ratio of bicycles shipped to Europe from various countries has changed significantly in 2023 as a result of the current market conditions.
Subscribers onlyZEIST, the Netherlands - "The market is returning back to a normal situation of pre-2020." This is a much heard comment on the current disruption of the market. The European e-bike import statistics show the market is currently in a free fall downwards, indicating that its worse than "going back to normal."
Subscribers onlyBRUSSELS, Belgium - The sudden increase in bicycle imports by EU countries in 2022 has come to an abrupt ending. Since the rising popularity of the e-bike, bicycle sales have decreased step-by-step and this process continues in 2023, as the latest import statistic show.
Subscribers onlyBRUSSELS, Belgium - For the first time, the total value of e-bikes imported into the European Union exceed €0.5 billion between January and July this year. Contrary to all outlooks and forecasts the market performance of the high-end segment was very good.
Subscribers onlyZEIST, the Netherlands - In a year the market was troubled by supply chain shortages, the bicycle import value saw a remarkable increase seldomly seen before. In 2022 the price per unit was pushed up even more and recorded a growth of 38.2%. These figures mark a turn-around of the market value which has seen a slow but steady decline since e-bike sales gained momentum.
ZEIST, the Netherlands - The European bicycle market ended up in the inevitable correction phase after the corona related sales boom. It goes without saying that this situation was expected, the question was only, when? While 2022 sales are lower than 2021 throughout the Europe's main markets, the e-bike continues to drive the market. What's happening?
Subscribers onlyBRUSSELS, Belgium - A major hike in the average import price of e-bikes into the European Union, in combination with a double digit increase in the number of e-bikes shipped to Europe gave a remarkable push to the market value in 2022. Also, the average import price of mechanical bicycles to the EU soared last year.
BRUSSELS, Belgium - Despite the supply chain problems, all signs are still on green for the bicycle industry. The industry confederation CONEBI, reports record sales levels for e-bike and bicycles in their annual European Bicycle Industry and Market Profile.
Subscribers onlyBRUSSELS, Belgium - China's position as bicycle supplier for the European Union is rising rapidly. Last year the import of bicycles from China increased by more than 23% to almost 960,000 units. The latest 2021 EU imports statistics show some more remarkable shifts.
Subscribers onlyBRUSSELS, Belgium - To meet demand for e-bikes on Europe's markets, the increase of e-bike imports is outperforming investments in local production. In 2021 the total import hiked by almost 30% from 884,862 units in 2020 to 1,144,597 e-bikes last year.
Subscribers onlyBRUSSELS, Belgium - European importers are rapidly anticipating on the booming e-bike market. The influx of e-bikes from Asian exporting countries, increased this year by no less than 26% between January and August compared with 2020. At the same time, the average FOB price increased by 11.5% emphasising
BRUSSELS, Belgium - High demand for bicycles has not only spurred the European OEMs to attempt to increase production despite component shortages, but also bicycle importers stepped up their volumes. Remarkably Europe's main supplier Cambodia is quickly losing market share.
