Good News for Taiwan’s Bike Export
TAICHUNG, Taiwan – There’s good news on Taiwan’s export despite the fact that the markets of the EU and USA are dragging its complete bike exports down 2.3% to 3.18 million units in the first nine months of 2012 compared to the same period last year. The good news is that the value of Taiwan’s complete bike exports during the nine months of 2012 rose 6.3% on the 2011 value.
The total value of the exported complete bikes hit US$1.271 billion in the first nine months of the year. The value of bike and accessory exports increased by a sizeable 18.4% over last year. More good news is that the average unit value of the exported bikes rose 8.8 % over the previous year, to US$399.70.
EU Export down big
Taiwan’s bike export to the euro zone countries came to 1,844,900 units during the named period in 2012; 10.3% down on the first nine months of 2011. But unit value rose 5.2% to a total value of US$575 million.
As Taiwan’s bike exports to the UK, Italy, Belgium, Portugal, Greece, and the Czech Republic dropped throughout the first nine months of 2012, the euro crisis seems to have a lingering impact on consumption and the market as a whole. Meanwhile, Taiwan bike exporters enjoyed drastic growth in the Netherlands, France, Ireland, Slovakia and Romania with the Slovakian market posting a staggering 361% expansion.
Also, Taiwan’s export of electric bikes saw big growth; up 34.2% to 18,500 units in the named period of 2012. Value rose the same percentage, with the average value per unit reaching US$574.27.