Taiwan’s Bike Export to EU Shows Huge Growth
TAIPEI, Taiwan – The latest data from the Taiwan Bicycle Association (TBA) shows that the country’s bike export to the EU markets is growing again after some years of stagnation. And this growth is by now small numbers.
The TBA reports that during the first four months of 2015 compared to the same period last year a total of 1,475,000 complete bikes were exported. This represents a hike of 13.9% over last the same period of 2014. The total export value also rose by 10.1% to USD 599 million (€ 533mn). However, the average value per exported bike dropped to USD 406.15 (€ 361.67), a decrease of 3.3% compared to the same period in 2014.
Taiwan’s biggest markets
Europe is by far Taiwan’s biggest export market for complete bikes. After some depressed years that export is now growing again. And big. Some 883,000 bikes were exported to the EU markets in the first four months of 2015. Compared to the same period of 2014 this number represents a hike of 25.1%!
In the first ten months of 2014 Taiwan exported 1,559,000 bikes to the EU markets, according to Eurostat. This number was down 4.1% on the same period in 2013.
The export rise to Europe by 25.1% in the first four months of this year is in fact somewhat surprising as reports are coming in that bike production is being shifted from Taiwan to Europe. In particular as due to the strong dollar against the weak euro production in Europe is currently getting more favourable. It is said for example that the Giant facility in Lelystad, the Netherlands is running now at full capacity with increased OE production for brands like Scott.
Export to US and Japan
Bike export from Taiwan to North America increased 15.0% in quantity to 257,000 units, and 24.3% in value to USD 173 million (€ 154mn) during the named period. Exports to Japan grew by 25.7% in volume to some 100,000 units, and by 35.7% in total value to USD 40 million (€ 36mn).