Taipei Cycle: Questions on Extent of Prices Increases
DOETINCHEM, the Netherlands – After Taipei Cycle 2015 the big question is how much prices for bikes and bike products will increase, or have increased already due to the euro value drop? In an earlier online show report Bike Europe estimated it on average at about 20%. Discussing it with more exhibitors this estimate seems to be too high.
That this trade journal’s earlier estimate on price increases is regarded as too high by various industry players is because it is not including raw material prices. When taking them into account, like the price for aluminium which is purchased in US dollars and which is a substantial part of overall prices for bikes and bike components or accessories, then this has an easing effect on retail pricing.
Next to that also the somewhat recovering strength of the euro has to be taken into account. Today the euro rates at US dollar 1.10. Including this as well as raw materials traded in US dollars a more realistic estimate on price increases stands in the ranges of some 10%. Whether the consumer is prepared to accept this price increase is the big issue for the coming months.
8,000 international visitors
Next to prices e-bikes stood at the centre of attention of the visitors of Taipei Cycle 2015 that closed its doors last Saturday, March 21. In its 28th year, the show attracted over 8,000 international visitors from 107 countries and areas, growing 6% in comparison with 2014. Visitors from China (including Hong Kong), Japan, USA, Korea, Malaysia, Germany, Singapore, Thailand, United Kingdom, and Australia were among the top 10. Visitors from South East Asia have increased to about 12% of the total.
2016 Taipei Cycle Show
The 2016 Taipei Cycle Show and the 2016 Taipei Sporting Goods Show (TaiSPO) will again be held concurrently. The 29th version of the bike show will move to a two weeks earlier schedule and will take place from March 2 to 5, 2016.