Estonia, Latvia & Lithuania 2011
Statistics from the three Baltic countries are very optimistic – they all record increases in domestic consumption and in Lithuania, also the rise of exports. Despite the growth, not everything is peaceful. The origin of the bikes changed significantly in just one year.
The negative trend for bicycle imports turned around in 2011 and numbers for the first half of this year are even better. While still far from numbers posted in 2007/2008, the positive trend is obvious. Imports rose from just under 30,000 units in 2010 to 34,000 units in 2011. In the first half of 2012 the country imported over 31,500 bikes.
In value 2012 imports are already higher by half a million euros compared to all of 2011. In 2011 the average price was €130. In the first half of 2012 we notice another growth to over €150. The main suppliers are Taiwan and Cambodia with 8,750 and 4,823 units in 2011. In the first half of 2012 they are both at around 8,000. The third biggest supplier became Lithuania, with over 4,000 units. In 2011 Estonia’s neighbor was only the sixth biggest supplier. On the other side the exports are virtually non-existent.
Import in Estonia
|Import in units||27,451||29,613||34,032|
|Import in value (€)||3,668,659||2,959,038||4,448,749|
|Average price (€)||133.60||99.92||130.70|
Export from Estonia
|Import in units||5,399||2,786||711|
|Import in value (€)||1,017,941||426,806||202,408|
|Average price (€)||188.50||152.20||284.70|
Latvia also recorded very positive trade. Imports rose again; both in units and value. Imports in 2011 reached just under 40,000 units, still not close to 2007/08 seasons, but a significant improvement over the past two years. In 2012 the trend continues in term of value – in the first half of the year alone imports reached €2.95 million, but units are down.
The positive side of this is that the average price rose from €84 in 2011 to €120 per unit in 2012. The quality of the market is getting better too. In 2011, China, Taiwan, and Lithuania were the biggest suppliers. The picture is much different for 2012. China lost almost its full share and is not even close to the top. Germany and Netherlands are important suppliers in terms of value, they are just behind Taiwan. Export numbers are close to 2010, but still far from years previous.
Import in Latvia
|Import in units||30,304||23,755||35,365|
|Import in value (€)||3,068,519||1,924,469||2,966,271|
|Average price (€)||101.30||81.00||83,87|
Export from Latvia
|Import in units||2,191||1,525||1,238|
|Import in value (€)||290,728||223,727||249,732|
|Average price (€)||132.70||146.70||201.70|
The third country of the Baltic region is also on the rise – in both exports and imports. Lithuania finished 2011 with exports of over 334,000 units, just slightly more than in 2010. However the value increased by 10% to over €47 million. Germany is still by far the most important partner of Lithuania since Panther International GmbH is owner of country’s biggest bicycle manufacturer Baltik Vairas.
The value of the exports can be explained by start of the e-bikes production (under the brand Panterra) and the demand for these bikes, which is high in countries such as Netherlands, Denmark and Germany. In the first half of 2012 exports are close to 200,000 units, which is comparable to the previous year.
As in the other two countries, imports are again growing. In 2011 they imported just over 50,000 bikes. Figures for 2012 show the country imported 30,000 bikes in the first half of the year. Indonesia was the most important supplier in 2011 with over 15,000 units, but again we see a big shift in 2012. Indonesia is nowhere and European suppliers Italy and Bulgaria take the leading role.
Export from Lithuania
|Import in units||263,677||330,606||334,121|
|Import in value (€)||31,831,246||43,158,180||47,243,112|
|Average price (€)||120.70||130.54||141.39|
Import in Lithuania
|Import in units||44,034||29,289||50,520|
|Import in value (€)||3,421,794||2,769,731||4,134,602|
|Average price (€)||77.70||94.56||81.84|