TAIPEI, Taiwan - Taiwan exported 47% less e-bikes across 2024, the preliminary custom statistics show. With just under 365,000 units leaving the nation's shores in a year, this is the lowest volume since 2018. The export value also dropped 43% year-on-year meaning the economic ramifications must still be being felt throughout the supply chain.

TAIPEI, Taiwan - The fact that the Taiwanese supply chain has struggled during 2024 is fully evident in the latest custom statistics. In Q3, the island nation exported around 75,000 e-bike units, a 44% drop compared to 2023. E-bike exports to the EU specifically dropped 55% to a mere 34,000 units between July and September. Most significantly, the country is on course to see its export value drop half a billion euros this year in total.

ZEIST, The Netherlands - Imports of e-bikes into the EU reached almost 200,000 units in Q3 of 2024, almost matching the same volume of Q3 in 2023. Although there were signs of market recovery with an increase in e-bikes entering EU shores in Q2, the overall year-on-year decrease in the first nine months of 2024 is 28% compared to 2023. Perhaps more important, this is not counteracted by a higher import value.

TAIPEI, Taiwan - Overall e-bike exports from Taiwan grew 5% between Q1 and Q2 of this year, according to the latest customs data. However, exports to Europe in the same period dropped 5%. More worryingly the trend looks set to continue as key markets in Europe see imports plummet in July.

ZEIST, The Netherlands - Between April and June this year, the number of e-bikes imported into the EU rose to 223,000 units almost matching the same period last year. Significantly, this figure is almost double the amount imported in the first quarter of the year. All top 3 importing countries, Taiwan, Vietnam and China significantly increased the number of units entering the EU during this time period. However, at what cost?

ZEIST, The Netherlands - The volume of e-bikes exported from Taiwan has been in a constant freefall since January 2023. At this point it was clear that the market was flooded and delayed shipments were reaching weak purchasing markets. Throughout 2023, the number of e-bikes shipped from Taiwan dropped each month; from 102,575 in January to 37,597 in December. The latest Q1 figures of 2024 show signs of stability being resumed in the export market, albeit at a considerably low level.