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China’s Bicycle Output to Stabilize until 2008

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SHANGHAI, China (Aug 11) – Industry analysts forecast annual production of bicycles in China to stabilize at 80 million units from 2005 to 2008 as the market has reached maturity. In the same period, exports are expected to remain steady at 50 million units a year. China accounts for 80 % of world output. In […]

SHANGHAI, China (Aug 11) – Industry analysts forecast annual production of bicycles in China to stabilize at 80 million units from 2005 to 2008 as the market has reached maturity. In the same period, exports are expected to remain steady at 50 million units a year.

China accounts for 80 % of world output. In 2004, it manufactured 79 million units, a 5 % increase over the previous year. More than 51 million units were exported to the United States, Japan, Australia, South Korea and Indonesia. Anti-dumping measures against China continue to limit shipments to Europe, which absorbed 7 % of shipments in 2004.

China produces city or road bicycles, mountain bicycles, racing bicycles, dirt bikes, children’s bicycles and electric bicycles. City bicycles make up the largest segment, and are produced for domestic and overseas markets. Electric bicycles are the fastest growing category, with an estimated 6 million units produced for local and overseas markets in 2004. Mountain, racing and dirt bikes are mostly for export, with more than 29 million units shipped in 2004. Children’s bicycles output was 9.2 million units.

Prices of bicycles will increase by 5 to 8 % in the coming year, due to higher raw material costs.

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