US Bike Import Drops 13% in 2013
ALLENTOWN, USA – “As one of the most turbulent years for U.S. bicycle imports comes to an end with a decline of 13% in units and a drop of over 8% in total FOB value, the average unit value of a bicycle imported into the US in 2013 increased by almost 4%,” said Elliot Gluskin, managing partner of the Gluskin Townley Group in announcing the availability of the December and 12 Months YTD 2013 US Bicycle Import & Export Report.
This 19 page Report covers all US bicycle imports by harmonized tariff schedule categories in units, FOB dollar value and average FOB unit value for all bicycles as well as exports. The Report features fourteen year histories and trends since 2000 through 2013, along with data on the primary source countries for bicycles imported into the US.
Doubled FOB value
“Since 2000 the average FOB value of a bicycle imported into the US has increased by over 96% – from an average of USD 44.58 in 2000 to USD 87.54 (€ 63.64) in 2013. This amount of increase is amazing when you consider the combined rate of inflation during this period was about 27%. The overall increase in the value of imports is attributable in part to the increase in both unit volume and the FOB value of drop bar as well as upright handlebar 700c wheel bicycles imported into the US.
“However, all five of the primary bicycle-import categories contributed to the increase in the average value of an imported bicycle…and the turbulence of this past year, with the substantial decrease in annual volume and value has us concerned about the ability of the US bicycle business’s ability to continue to pass these increases along to consumers.” Gluskin said in closing.