LYNDON STATION, USA – During the first seven months of 2009, bike imports into the United States dropped 15% compared to the same period of 2008. However, not all was bad as the number of imported 27-inch & 700c wheel imported continued to grow.
During the first seven months of 2009 a total of 8.7 million bicycles were imported into the US; down 1.5 million or 15.1% on the 2008 total in the same period.
The drop in value (FOB dollars) was only 6% while the average FOB unit value increased by 10%, from US$ 67.94 in the first seven months of 2008 compared to US$ 74.72 for the same period this year.
During the named period compared to 2008 20-inch wheel & larger imported bicycles decreased by 17% in units. 27-inch & 700c wheel imported bicycles continued to show the only increase, up by 15% in units and 23% in value.
7-Month YTD Total U.S. Bicycle Imports 2009 vs. 2008
|
|
Total Units
|
Total FOB Value US$
|
Average FOB Unit Value US$
|
|
7-Month YTD 2009
|
8,753,082
|
654,038,691
|
$74.72
|
|
7-Month YTD 2008
|
10,305,158
|
698,491,172
|
$67.78
|
|
Variance
|
-1,552,076
|
-$44,452,481
|
$6.94
|
|
Variance %
|
-15.1%
|
-6.4%
|
10.2%
|
- For Market Reports USA, click here
Source: The Gluskin Townley Group, USA
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