Key Market Indicators
Latvia took the lead in 2021 with 268,370 Units, Japan, Portugal and Italy respectively came in numbers 2, 3 and 4 in this ranking. New Zealand's bicycle export is projected to reach around 5,400 units by 2026, growing at an average rate of 0.1% per year. This figure has increased 4.3% annually since 1994. Latvia overtook New Zealand in 2021, producing 5,350 units. Japan, Portugal, and Italy followed in second, third, and fourth place, respectively. New Zealand's bicycle import is set to reach 278,320 units by 2026, increasing at an average of 0.6% per year. Since 1994, the demand for New Zealand's imports has risen 1.9% annually. In 2021, Latvia took the lead with 268,370 units. Japan, Portugal, and Italy followed in second, third, and fourth place, respectively.
