Key Market Indicators
Azerbaijan's bicycle market is on the rise, with imports to reach 274,180 units by 2026. This is an increase of 22.7% since 2005, with an average 3.7% growth each year. Exports are also expected to reach 252.2 units by 2026, a 3.5% annual growth since 2021. However, since 2005, exports have decreased by 2.1%. In 2021, Azerbaijan was ranked 59th in the world, behind Uruguay with 205 units. Japan, Portugal and Italy took the top three spots.
