DHAKA, Bangladesh - The bicycle industry in Bangladesh is quickly recovering from a major slump in exports. In the last fiscal year from 1 July 2024 to 30 June 2025, the export value of bicycles increased by 41% from $83 million (€71.9 million) in 2023/2024 to $117 million (€101.3 million) last year. This data was released recently by the country's Export Promotion Bureau.
PHNOM PENH, Cambodia - Together, the five bicycle factories in Cambodia, which all located close to the border with Vietnam, have seen a revival of their export business in the first half of this year. Production had diminished in the past years due to the excess inventory in Europe and the US, in combination with the supply chain constraints.
PHNOM PENH, Cambodia - The slow recovery of the Cambodian bicycle export to the European Union prompted the country's five assemblers to look for new markets. The once leading importer of bicycles into the EU-27 is also facing fierce competition of other major bicycle exporting countries like China and Bangladesh.
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).
BRUSSELS, Belgium - Trade agreements with India and Indonesia would disrupt the bicycle industry supply chain for EU-based companies. Usually concluding such agreements is a long-term process but the EU attributes great importance to these types of agreements. Discussion between the EU and the countries continue.
BRUSSELS, Belgium - The European Commission launched an expiry review of the anti-dumping measures applicable to imports of bicycles from the People's Republic of China. For this review DG Trade will hold hearings, mail questionnaires to producers and visit companies. The request was submitted by the EBMA (European Bicycle Manufacturers Association) representing the bicycle industry in Europe.
