News Article

Market Report Spain

Sales & Trends

MADRID, Spain – Like many other countries, Spain is going through the financial crisis. However, it doesn’t seem to be affecting sales in the bike industry. The leisure business overall seems to be in

Market Report Spain

MADRID, Spain – Like many other countries, Spain is going through the financial crisis. However, it doesn’t seem to be affecting sales in the bike industry. The leisure business overall seems to be in good shape.

The Bike Market in Spain (x 1,000 units)*

 
2003
2004
2005*
2006
2007**
Domestic production
432
410
254
376
153
Imports
790
1,157
808
1,173
617
Imports
528
488
488
497
100
Consumption
739
783
574
1,051
670

* Jan. – Aug. 2005
** Jan. – June 2007
Source: Sector Espanol Empresarial de la Bicicleta (SEEB)

The bank crisis now hitting most of the world doesn’t seem to be affecting the sales of bike companies in Spain. The majority opinion in the business is that figures are level or slightly increasing compared to previous seasons. End users are spending money for leisure and cycling is one of the main beneficiaries. It seems that consumers are investing in sports leisure activities as a way of spending their free time and avoiding more costly pursuits.

 For a full Market Report of Spain 2007, click here

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