Further Taiwan exports snippet shows global growth in bicycle orders

A further data snippet from the Taiwan Bicycle Association has revealed the extent of the growth in orders for bicycles. (Though electric bike orders remain the main driver of the international trade growth.)

North American countries in the NAFTA framework have taken a third more bicycles from Taiwan like-for-like, when compared against the nine months January through September 2020. As reported yesterday, that growth in exports is outshone by a 54% leap in electric bike orders to the NAFTA region and 58% to the U.S.A. specifically. The U.S.A. took 34.4% more bicycles in the first nine months of 2021.

The raw export data reveals that Europe took 19.63% more pedal powered cycles like-for-like, with 406,707 bicycle units shipped in the nine months at a value of $221,982,108. 10,384 of these landed in the UK (up 16% LfL) at a value of USD $10 million.

For comparison, this figure was more in line with electric bike growth rates for the EU (20.9%), albeit there is heavy fluctuation between countries despite that average. The UK, for example, took 65.89% more e-Bikes from Taiwan during the nine month period.

The Netherlands took the lion’s share in the EU at 119,291 bikes delivered, a 19.6% increase in units landed. Spain increased its orders by 85.8% Year-on-Year; Germany by 32.6%; France by 66.1%; Poland by 1,003%; Switzerland by 47.9%; Russia by 192% and Belgium 40%.

Globally, a total of 1,482,390 bicycles were shipped from Taiwan in January through September 2021, up 21.16% in volume and at a value of $804,713,027 (up 19%).

This compares to global orders for 744,506 electric bikes in the nine months, up 36.87% in volume and at a value of $985,718,541; up 41.11%.

The data also reveals a treasure trove of detail on parts and accessory shipments from Taiwan, though the headline figures are a 46.68% growth in global volume shipped at a value of $1,744,547,879; up 57.11%.

Frames and forks shipped rose 50.5% in volume to reach 12,742,642 units and 48% up in value. In looking to meet a shortage of service parts, it appears 60% more “crank gear and parts thereof” where shipped, along with an 82.3% rise in Freewheel/Sprocket Wheel shipments.