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bike week

Taiwan Bike Exports

Struggle in First 8 Months

of 2023

ccording to the statistics total export quantity of bicycles place and Japan at sixth place, Germany, the United Kingdom,
from the Ministry of from Taiwan. These two regions all others were distributed in and Greece, all of which showed
AEconomic Af fairs, together represented 67.64% of Europe, the United States, and declines. The average unit price
Bureau of Foreign Trade for the total exports of bicycles from Australia-New Zealand regions. was 1,694.38 US dollars, with
August 2023, the revenue Taiwan. Among the top 10 export R e g a rd i n g e b i kes , an export value of 920 million
from Taiwan's bicycle exports, countries, the United States, Taiwan exported ebikes to the US dollars, a decrease of 8.43%
including complete bicycles, the Netherlands, mainland North American Free Trade compared to the previous year. It
e-bikes, and components, China, Germany, and the United Agreement and the European is worth noting that Greece and
declined. The overall export Kingdom were the top five, with Union, accounting for 84.21% of New Zealand are also among
value was 3.211 billion US mainland China experiencing the total export quantity. The top the top ten markets in terms of
dollars, a decrease of 21.29% a growth of 338.63%. Apart five export countries were the export quantity and export value
compared to the same period from mainland China at third Netherlands, the United States, this year.
last year. The export quantity
of complete bicycles reached
997,000 units, down 23.64% Table 1: Taiwan Bicycle Industry Export Statistics
from the previous year, with 2023 2022
an export value of 1.005 billion Year Jan-Aug Jan-Aug Rate Change
US dollars (0.18% growth). The
average unit price was 1,008.28 Total Bicycles Excluding
US dollars, representing a E-Bike Exports by Volume (in 997 1305 -23.64%
growth of 31.19% compared thousands)
to the same period last year.
The e-bike market also saw a Total E-Bike Exports by 543 676 -19.76%
decline, with export quantities Volume (in thousands)
and values of 543,000 units
and 920 million US dollars, Total Bicycle Excluding 1005 1003 0.18%
E-Bikes Exports by Value
respectively, down by 19.76% (USD in million)
and 8.43% from the previous
year. The average unit price was Total E-Bike Exports by Value
1,694.38 US dollars, a growth of (USD in millions) 920 1004 -8.43%
14.11% compared to the same
period last year. Component Bicycles Average Unit Price 1008.28 768.59 31.19%
exports amounted to 27.08 (USD)
million kilograms, a significant
decrease of 48.94% compared E-Bike Average Unit Price 1694.38 1484.84 14.11%
to 2022, with an export value (USD)
of 1.286 billion US dollars (a
decrease of 37.93%). Main Parts Export Value 1286 2072 -37.93%
(USD in million)
In terms of complete
bicycles, when analyzed by Combined Total Value of
export destination, the North Complete Bicycles and E-bikes 1925 2008 -4.13%
American Free Trade Agreement (USD in millions)
(NAFTA) and the European
Union (EU) had export quantities Combined Total Value of
of 380,000 and 296,000 units, Complete Bicycles, E-bikes 3211 4080 -21.29%
accounting for 37.93% and and Components (USD in
millions)
29.71%, respectively, of the