Taiwan E-Bike Export Continues to Expand
TAIPEI, Taiwan – The Taiwan Bicycle Association reported a 38.9 percent year-on-year increase in the export of e-bikes in the first five months of the year. No less than 110,548 units were shipped of which 71,979 were distributed in Europe. During the whole year of 2017 Taiwan shipped a total of 126,132 e-bikes to the European Union.
The e-bike export represented a total value of 132 million euro, up 54.1 percent compared with the same period last year reported the Taipei Times this week. Europe is still the largest market for Taiwanese e-bikes. Between January and May, the average selling price of Taiwan-made bicycles hiked by nearly 30 percent to 516.82 euro. The strong growth in the average selling price can be attributed to the e-bike which saw average selling prices grow 10.97 percent to 1,194.77per unit.
Biggest export market
According to the Taiwan Bicycle Association’s (TBA) report the total value of bicycle and e-bike export combined increased 16.3 percent year-on-year to 467 million euro during the first five months of this year. The higher average prices helped Taiwanese bicycle makers to oppose the ongoing downward pressure in volume of their overseas shipments.
The European Union is still the biggest export market in the first five months of the year with a 39 percent share representing 183 million euro of the total export value. Compared with the same period in 2017 the combined export value of bicycles and e-bikes increased by 8.29 percent. Most remarkable fluctuations in sales to the European Union are the Netherlands (+54.5 percent), Spain (+ 43.4 percent), UK (- 6.9 percent) and Belgium (- 9.7%)