PHNOM PENH, Cambodia - The group of five bicycle making companies in Cambodia are quickly losing ground on the international bicycle market. Once moved quickly from Vietnam to Cambodia for beneficial import rates at its main markets years ago, it is now rapidly losing market share to China, Taiwan, Bangladesh and Sri Lanka.
ZEIST, the Netherlands - Retail sales between January and March 2024 in the Netherlands partly recovered from the strong decline the market experienced in 2023. Turnover increased year-on-year by 5.2% in the first three months of 2024. In the same period last year, revenue was still down by 10% mainly as a result of the sales hike in 2022 shows the benchmark of H&L Accountancy and Tax.
COLOGNE, Germany - The decline in bicycle and e-bike sales Germany experienced in 2023 was a one-off writes the Cologne based Institute for Retail Research IFH in their annual market study. According to IFH, the demand will increase moderately again in the future starting in 2024.
ZEIST, The Netherlands - Undeniably European e-bike sales took a step back last year. In 7 European countries which have already reported their market statistics for 2023, the total volume decreased by 8%, from 4,555,264 units in 2022 to 4,178713 last year.
LILLE, France - In the run-up to the upcoming European Parliament elections from 6-9 June, sporting goods producer and retailer Decathlon calls upon politician to deliver a circular, competitive, and active future across the EU. That includes the European Cycling Declaration, though the sporting goods giant outlined a series of policy recommendations and key priority areas.
ZEIST, the Netherlands - The combination of economic and political challenges created difficult times for the international bicycle industry. However, for financial specialist Ralf Kindermann the component of green mobility still makes the bicycle industry highly attractive for investors. What other trends in the market, including the digitalisation in the supply chain, the current oversupply in combination with price increase and sustainability will lead the market this year?
PHNOM PENH, Cambodia - The plunge in demand for bicycles made in Cambodia which started last year has not yet come to an end. Cambodia's bicycle export value fell 43% year-on-year in the first quarter of 2024, a General Department of Customs and Excise's report confirms today.
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.
BRUSSELS, Belgium - The results of the 2023 Business Impact Survey surprised Cycling Industries Europe (CIE) who has conducted this holistic look at the state of the industry since 2020. According to the study, 52% of its members reported similar or better performance in 2023 compared with 2022.
MONTIGNY-LE-BRETONNEUX, France - The French Alltricks group has reported a 4% increase in sales last year despite the difficult conditions. "In 2023, our business is back on the rise, whereas distribution has suffered greatly. It's likely that we were able to make progress because of our competitors' failures. But our success is also due to the loyalty of our customers, with a returning consumer rate of 75%. This is very important in difficult times," explains Nicolas Burger, co-CEO of the French company.
