TAIPEI: The latest statistics released by the Taiwan Bicycle Association (TBA) show that Taiwan’s bicycle export increased by 10.04% in 2015. Total export value reached 1.74 billion euro, compared to 1.58 billion euro in 2014. Also Taiwan’s bicycle parts export rose last year by 5.45%, with total value reaching just over 1 billion euro.
In volume Taiwan’s industry organization reports an increase of 6.55%; from 3.75 million bicycles in 2014 to 3.995 million units last year. Also the value per exported bike rose by 3.27% from 422.88 euro in 2014 to 435.88 euro in 2015. According to the TBA, “the industry is reaching for quality and high end products as the unit price increase by 24.75% since 2011. During a time when Taiwan exports faced a number of challenges, the cycling industry continued to show stable gains.”
Europe remains the largest market for Taiwan, accounting for 55.15% of the total volume (over 2.2 million units), while just over 830,000 bicycles or 20.8% were shipped to the NAFTA countries.
Last year close to 83,000 e-bikes were shipped from Taiwan, rising 25.27% compared with 66,000 units exported in 2014. Some 67,000 (+ 16.85%) were destined for the EU, while 7,034 (30.48%) units reached the NAFTA countries.
Among bicycle parts, the TBA also reports that the export of electrical lighting equipment increased most significantly, with total value reaching 20.7 million euro, surging 85.42% compared with 2014.
