News Article

Chinese Bike ’04 Exports Slowing Down

Home

BEIJING, China (Oct 20) – Although China is producing almost 80% of the world’s bicycles, actual growth over 2004 has not been as grand as one might expect. Export sales grew by 14.5%, but in terms of volume only 4.5% was achieved. Compared to the 11% figure of 2003. One of the reasons is the […]

BEIJING, China (Oct 20) – Although China is producing almost 80% of the world’s bicycles, actual growth over 2004 has not been as grand as one might expect. Export sales grew by 14.5%, but in terms of volume only 4.5% was achieved. Compared to the 11% figure of 2003. One of the reasons is the rise in average price, which is partly due to the increasing number of electric bicycles, which are more expensive, that have been exported. Average price was US$32 over 2004, and the first data on ’05, show a slight rise to US$34. Most bicycles exported from China are still MTB’s – almost 17 million units. In contrast, the number of road bikes exported from Mainland China halted at just 12,000 units

Comment on this article