The Bicycles (Non-Electric) market in El Salvador experienced fluctuations over the past decade, with its market size value in 2023 standing at 3.7995 million USD. From 2013 to 2016, the market experienced consecutive declines, followed by a period of relative stability and gradual growth from 2017 to 2023. The last two years saw nominal year-on-year growth rates, with 0.61% in 2022 and 0.59% in 2023. The compound annual growth rate (CAGR) over the past five years has been low, averaging at 0.23%.
Future trends to watch for in the non-electric bicycle market in El Salvador include:
- Increasing awareness of environmental sustainability
- Growing urbanization and the development of biking infrastructure
- Potential economic recovery post-2024 driving consumer spending
- Shifts in recreational and fitness activities favoring cycling
How does El Salvador rank in Bicycles (Non Electric) Market Size Value?
| # | 35 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,808,000,000 | 2023 | +0.63% | +0.14% | View data |
| 2 | 2 China | 9,611,600,000 | 2023 | +3.86% | +4.78% | View data |
| 3 | 3 Japan | 2,612,000,000 | 2023 | -7.72% | -6.26% | View data |
| 4 | 4 Germany | 2,427,700,000 | 2023 | +0.54% | +0.24% | View data |
| 5 | 5 United Kingdom | 1,760,700,000 | 2023 | -3.17% | -0.95% | View data |
| 31 | 31 Zambia | 11,053,000 | 2023 | +4.81% | +5.41% | View data |
| 32 | 32 Bosnia and Herzegovina | 9,192,500 | 2023 | +0.32% | +0.16% | View data |
| 33 | 33 El Salvador | 3,799,500 | 2023 | +0.59% | +0.23% | |
| 34 | 34 Kyrgyzstan | 2,848,700 | 2023 | -0.75% | +1.63% | View data |
| 35 | 35 Montenegro | 2,356,700 | 2023 | -0.52% | -1.42% | View data |
