Key Market Indicators
Russia is set to experience steady growth in bicycle imports and exports over the next five years. Imports of bicycles in Russia are expected to reach 2.9 million units by 2026, up from 2.5 million in 2021. This represents an average year-on-year growth rate of 2.2%. Since 2005, Russian demand has grown at an average annual rate of 11.2%. Meanwhile, exports of bicycles from Russia are projected to reach 123,380 units by 2026, up from 102,060 in 2021. This is an average year-on-year growth rate of 3.2%. Since 2005, Russian supply has grown at an average annual rate of 15.3%. In 2021, Russia was ranked 24th in terms of bicycle exports, with Hungary leading the ranking at 102,060 units. Japan, Portugal, and Italy were ranked second, third, and fourth respectively. Overall, Russia is expected to experience steady growth in bicycle imports and exports over the next five years.
