Key Market Indicators
Portugal is set to become the third-largest exporter of bicycles in the world by 2026. Supply has grown by an average of 4.6% year-on-year since 2005, and is expected to reach 2.4 million units by 2026. In 2021, Japan ranked first in bicycle exports with 2.04 million units, followed by Portugal and Italy with 2.04 million and 1.64 million units, respectively.
