News Article

US Bicycle Imports Down Hard in 1st Half of 2011

Industry- & Retail Organizations

Imports of complete bicycles into the United States dropped by 16.5 percent through the first half of 2011 compared to the first half of 2010. Imports mid-year 2010 amounted to 8.9 million units; in 2011 the number totaled

US Bicycle Imports Down Hard in 1st Half of 2011

WASHINGTON, US – Imports of complete bicycles into the United States dropped by 16.5 percent through the first half of 2011 compared to the first half of 2010. Imports mid-year 2010 amounted to 8.9 million units; in 2011 the number totaled 7.5 million units.

The decline in units imported is offset by just over an 8 percent increase in total FOB value, or an additional US$50 million.

This increase reflects higher cost of goods in Asian source countries and higher prices being charged and passed along from importing bicycle brands to US retailers, and accordingly to the consumer.

The driver of the increase in total FOB value is the high average FOB unit value of US$88.71 (€ 64.93), an increase of almost 30 percent through the first half of 2011 compared to a year ago.

The single most important import category to the US bicycle (dealer) business and market is the 27-Inch & 700c wheel bicycles. The import of such bikes increased almost 24 percent, or by 153,340 units through six-months YTD 2011 compared to the same period in 2010. Close to 800,000 units were imported during the first six months of 2011 compared to about 645,000 in 2010.

The 27-Inch & 700c wheel bicycles accounted for 14 percent of total units import through the first half of 2011, and 38 percent of total FOB value for the first half of this year. It is the only category that increased in imported units through the first half of 2011 compared to last year.

 

 

Comment on this article