Key Market Indicators
Belarus was number 21 in 2021, Lithuania overtook with 33,750 Units. Portugal, Japan and Italy respectively came in numbers 2, 3 and 4 in this ranking. Lithuania's bicycle exports are expected to reach 233,420 units by 2026, a decrease of 0.9% year-on-year since 2021, when it exported 247,750 units. Since 2000, Lithuanian bicycle exports have increased by 12.3% annually. In 2021, Belarus overtook Lithuania to become the world's 21st largest exporter, with 247,750 units. Japan, Portugal and Italy followed in second, third and fourth place respectively. Meanwhile, Lithuania's bicycle imports are forecast to fall 5.4% year-on-year to 24,190 units by 2026, down from 33,750 units in 2021. Since 2000, the country's imports have decreased by 2.5% per year. In 2021, Lithuania surpassed Belarus to become the world's 21st largest importer, with 33,750 units. Portugal, Japan and Italy came in second, third and fourth place respectively.
