DHAKA, Bangladesh - Known as a manufacturer of textiles, garments, lingerie and chemicals, Panam Group diversified into the production of bicycles a year ago. The company is keen to expand into newer sectors and found bicycle production and its exports a potential area thanks to the favourable duty structure for Bangladesh-based bicycle exporters to the European Union (EU).

DHAKA, Bangladesh - A growing number of suppliers of bicycles and various components to the European market have recently invested in production in Bangladesh. The country is already home to a few key global bicycle joint ventures. Now other Asian suppliers to Europe are also investing into production facilities considering low cost of production like low labor costs and duty exemptions for exports to Europe.

ZEIST, The Netherlands - With 81,353 e-bike units imported into the EU-27 in the month of May, this almost matches the 83,000 units imported in the same period as last year, the latest Eurostat data shows. No doubt encouraging another sigh of relief for the bicycle market in Europe, e-bike imports per month have only continued to rise in 2024.

DHAKA, Bangladesh - A slow-down in demand on the European market is mentioned as the main reason for the decrease in bicycle exports from Bangladesh. The outlook for the rest of the year is bleak as well thanks to a political decision to raise import tax on components.

DHAKA, Bangladesh - In recent years, Bangladesh has raised its profile in bicycle and component production. The country's government is therefore now proposing changes to its customs duties to protect the burgeoning domestic industry.

DHAKA, Bangladesh - After the bicycle export from Bangladesh to Europe dropped slightly in 2016, the country's bike industry has found the growth