Key Market Indicators
The country ranked number 6 in 2021, Japan overtook at 310,990 Units. USA, Germany and France respectively came in numbers 2, 3 and 4 in this ranking. Norway's bicycle exports are on track to reach nearly 18,000 units by 2026, down a slight 0.1% annually since 2021. In 2005, the supply of Norwegian bicycles increased by 1.1% annually. Norway was the 37th largest exporter of bicycles in 2021, with Brazil taking the lead at 17,780 units. Japan, Portugal, and Italy followed in that order. Norway's bicycle imports, meanwhile, are expected to fall by 2.1% annually to reach 275,210 units by 2026, down from 310,990 units in 2021. Since 2005, the demand for Norwegian bicycles declined by 2.2% annually. In 2021, Japan was the largest importer of bicycles at 310,990 units. The USA, Germany, and France followed in that order.
