Key Market Indicators
Kuwaiti Bicycle Trade balance was -203,151 Units in 2021, compared to -209,800 Units in 2020, a fall of 3.2%. The demand for bicycles in Kuwait is expected to rise 0.7% year-on-year to reach 219,770 units by 2026. This would be an increase of 8.7% since 2005. Kuwaiti exports of bicycles fell 33.5% in 2021 compared to the previous year, with 699 units exported compared to 1,050 units in 2020. Since 2005, the country's supply of bicycles has decreased by 5.9%. Chile overtook Kuwait in 2021, and Japan, Portugal and Italy took the next three places. Kuwait's bicycle trade balance was -203,151 units in 2021, a decrease of 3.2% compared to the -209,800 units registered in 2020.
