How can the Taiwanese industry sustain the financial losses it has accrued in 2024? - Photo Bike Europe

Taiwan on course for €500 mln e-bike export value loss

TAIPEI, Taiwan - The fact that the Taiwanese supply chain has struggled during 2024 is fully evident in the latest custom statistics. In Q3, the island nation exported around 75,000 e-bike units, a 44% drop compared to 2023. E-bike exports to the EU specifically dropped 55% to a mere 34,000 units between July and September. Most significantly, the country is on course to see its export value drop half a billion euros this year in total.

In 2023, more than 301,000 bicycles were manufactured in Spain, doubling the 2019 figures in turnover. - Photo Shutterstock

Bicycle production in Spain rebounds in October

MADRID, Spain - Bicycle production in Spain rebounded again in October with 25,400 bicycles produced for a value of €18.2 million. Compared to the same month of the previous year, this is a growth of 23.3% in units and 16.7% in turnover, according to data published by the Ministry of Industry and Tourism.

E-bike exports to The Netherlands have plummeted according to preliminary figures for July 2024. In this market the impact of reducing the high inventory levels is not yet clear. This will only become apparent at the year-end closing in 2024. – Photo Bike Europe

Taiwan e-bike exports to key European markets under pressure

TAIPEI, Taiwan - Overall e-bike exports from Taiwan grew 5% between Q1 and Q2 of this year, according to the latest customs data. However, exports to Europe in the same period dropped 5%. More worryingly the trend looks set to continue as key markets in Europe see imports plummet in July.

Taiwanese suppliers emptying their warehouses to protect companies further down the supply chain is a potential explanation for significant drop in value per unit of e-bikes coming from the heavily interconnected island nation. – Photo Bike Europe

Asia offloading stock as EU e-bike import volume doubles in Q2

ZEIST, The Netherlands - Between April and June this year, the number of e-bikes imported into the EU rose to 223,000 units almost matching the same period last year. Significantly, this figure is almost double the amount imported in the first quarter of the year. All top 3 importing countries, Taiwan, Vietnam and China significantly increased the number of units entering the EU during this time period. However, at what cost?

Orbea's 15,000 m2 assembly plant in Mallabia, Spain has a paint shop on the first floor as well as four assembly lines. - Photo Orbea

Spanish bicycle production remains strong despite drop

MADRID, Spain - Bicycle production in Spain reached 171,200 units during the first half of 2024, data from the Spanish Ministry of Industry and Tourism shows. Although this represents a 6.4% decrease on the same period last year, production has grown to around 30,000 units per month during the second quarter of 2024.

E-bike adoption in the US has been slow, particularly for commuter use. – Photo Shutterstock

Can US e-bike sales reach 50% market share by 2030?

FRANKFURT, Germany - The fact that the US e-bike market is lagging behind European counterparts is well-known within the industry. A forecast based on a compound annual growth rate (CAGR) of 30% over the next 7 years could see the US e-bike market reach 6.7 million units and match regular bicycle sales in 2030. This data presented at Eurobike by eCycleElectric however, represented the most optimistic scenario.