Key Market Indicators
By 2026, Filipina Bicycle Import is projected to reach 1.94 million units, growing at a 3.5% year-on-year rate since 2021. Between 2005 and 2021, demand for bicycles in the country has risen by 10.7% each year. Exports of Filipina bicycles are expected to reach 1.42 million units by 2026, up from 1.28 million in 2021. This represents an average annual growth rate of 1.7%. Since 2005, the country's supply of bicycles has decreased by 16.7% year-on-year. In 2021, the Philippines was ranked 7th in the world, with India taking the lead with 1.28 million units. Japan, Portugal, and Italy took 2nd, 3rd and 4th place, respectively.
