The import of bicycle frames, forks, and parts thereof to China has shown fluctuating trends over the past decade. Starting with a value of 2.4166 million kilograms in 2013, the import volume peaked in 2014 at 2.874 million kilograms before undergoing a significant decline to 2.2877 million kilograms in 2015. The trend continued downward with occasional minor increases until it reached 1.8849 million kilograms in 2023, representing a steady decrease overall. Notably, from 2013 to 2023, the year-on-year variations ranged from a high of 18.93% in 2014 to a low of -20.4% in 2015. The five-year CAGR before 2024 was -2.18% annually.
Looking ahead, the forecast through 2028 indicates a continued decline, with the volume expected to drop to 1.676 million kilograms by 2028. The forecast five-year CAGR stands at -1.94%, reflecting a steady average annual decrease. Future trends to watch for include potential shifts in consumer preferences due to economic conditions, technological advancements in bicycle manufacturing, and the impacts of international trade policies.
