EBIKE Trader 2024

aiwan's bicycle industry is an export-oriented industry, with more than 90% exported and less than 10% domestically sold. Over the years (up to 2000), the export volume of complete bicycles ranged from 7.9 million to 10 million units, and the export value ranged from NT$22~30 billion. 2023, due to the impact of high inflation, high interest rates, geopolitical conflicts such as the U.S.-Russia war, the Israeli-Harbinian war and the high inventory of the bicycle industry, the export volume and value of Taiwan's bicycle exports have both declined. First of all, the whole bike and electric bike, the export volume have declined by more than 20%. The European Union and the North American Free Trade Area (NAFTA) are the two main markets for Taiwan bicycles. Taiwan's bicycle exports to the EU in 2023 reached 360,000 units, accounting for more than 60% of the overall export volume of bicycles; the North American Free Trade Area bicycle exports compared with the same period declined by about 42.85%. Secondly, if we look at individual countries, the top five exporting countries are the United States, the Netherlands, Germany, the UK, and China. The U.S. has always ranked among the top five in Taiwan's bicycle exports, with a cumulative export volume of 540,681 units through October 2023, a decline of 41.4% compared to the same period. The Nether- lands, ranked second, with an export volume of 328,075 units, a decline of 23.5% compared to last year. Germany's cumulative export volume was 144,144 units, a decline of 14.58% compared to the same period last year. The UK's cumulative export volume was 114,658 units, a decline of 31.12% compared to the same period last year. China's cumulative exports ranked fifth and the export volume was 102,479 units, an increase of 176.32% compared to the same period, and it is the only top five coun- tries with positive growth. Text Infotrade INDUSTRY TRENDS www.IMB2B.com T Taiwan’s Bike Export Statistics from Jan to Oct 2023