From 2013 to 2023, the import volume of bicycle brakes and parts to Germany has experienced fluctuations. In 2023, the volume stood at 4.8197 Million Kilograms. Over the last two years, the year-on-year variation has been 0.67% in 2023 and -4.11% in 2022, indicating a slight recovery from the previous year's decline. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is nearly flat at 0.45%, reflecting minimal average annual growth.
Future trends to watch for include a steady but slow increase in imports, driven by forecasted growth rates and an expected CAGR of 0.44% over the next five years until 2028. Monitoring advancements in cycling infrastructure and consumer preferences towards cycling can further impact these import volumes.
