In 2023, Italy led the European imports of bicycles and their parts with a 22.62% share, showing a 6.79% increase over the previous year. Belgium's imports surged by 102.26% to hold a significant 13.58% share, marking the most substantial growth among all countries. Germany, while maintaining a substantial 20.48% share, experienced a decline of 2.74%. Notably, Spain and Romania showed positive growth, whereas countries like Poland faced a sharp decrease of 14.42%.
Future trends to watch include the potential for continued growth in Belgium and Spain, given current momentum, while monitoring the impact of declining shares in traditionally strong markets like Germany and France. The emerging role of smaller markets such as Croatia, Cyprus, and Estonia, exhibiting notable growth percentages, could also influence regional dynamics.
Top countries in Import of Bicycles and Other Cycles, Not Motorised, and Invalid Carriages Parts and Accessories Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 22.62 | 2023 | +3.33% | +6.79% | View data |
| 2 | 2 Germany | 20.48 | 2023 | -21.3% | -2.74% | View data |
| 3 | 3 Belgium | 13.58 | 2023 | +14.31% | +102.26% | View data |
| 4 | 4 Portugal | 10.35 | 2023 | -10.01% | +0.15% | View data |
| 5 | 5 Romania | 6.96 | 2023 | +3.31% | +3.59% | View data |
| 6 | 6 Netherlands | 6.51 | 2021 | +37.8% | +7.31% | View data |
| 7 | 7 Spain | 5.37 | 2023 | -5.69% | +8.79% | View data |
| 8 | 8 France | 5.11 | 2023 | -1.37% | -3.3% | View data |
| 9 | 9 Poland | 4.7 | 2023 | -19.38% | -14.42% | View data |
| 10 | 10 Czechia | 3.25 | 2021 |
