UK E-bike Imports Hold Steady in 2018 and Show Swing to EU
LONDON, UK – An analysis of the UK’s HM Revenue and Customs trade statistics comparing Jan-Dec 2017 with the same period for 2018, detailing e-bikes entering the UK under CN code 8711 60 10 shows only a modest increase in the total of units entering the country. They increased from 62,544 to 63,673, year on year growth of around 1.8 percent.
However, the total value of the e-bikes entering the UK increased from around 37.7 million sterling in 2017 to around 41.4 million in 2018, an increase of around 9.5%. There was also a marked swing to arrivals of e-bikes coming into the UK from the EU, with their value share increasing from some 44% to 51% and their unit share increasing from 16,346 to 23,919, a year on year increase of 46%.
Import from China down hard
The impressive upturn in EU imported e-bikes appears to have mainly come at the expense of China; their imports of 8711 60 10 code e-bikes into the UK was down by 29 percent from 32,160 in 2017 to 23,008 in 2018, with Thailand coming a remote second in both years in the Asia and Oceania category, importing 7,281 and 7,776 in 2017 and 2018 respectively.
Consequences of the EU anti-dumping duties on China made e-bikes
E-bikes in transit
In contrast to modest 1.8 percent growth of e-bikes entering the country the HMRC stats show the numbers of e-bikes leaving the UK, though comparatively modest, have increased strongly from 2017 to 2018. Respective figures for units are 7,331 up to 9,464 and for value around 3.9 million sterling up to 6.35 million sterling. These transit figures represent a 29% growth in units and a staggering 63% growth in value.
Anti-dumping beginning to bite
It would appear EU anti-dumping duties are certainly beginning to bite in terms of the origin of e-bikes entering the UK but also 2018 has seen a halt to the assumed impressive growth of previous years (although based on rather more anecdotal evidence prior the introduction of the more accurate CN codes for e-bikes at the start of 2017).
More on the consequences of the EU anti-dumping duties on e-bikes imported from China are in Bike Europe’s newest WhitePaper. It offers guidelines on switching the e-bike production destined for Europe from China to other Asian countries or to one of the European Union member states.