The non-electric bicycles market in Mozambique has experienced fluctuations over the past decade, with a noticeable decline from 2013 to 2017. The market reached its lowest point in 2017 with a value of $19.49 million. However, there was a recovery from 2018 onwards, peaking at $23.555 million in 2019. The market size value stood at $23.156 million in 2023. Over the last two years, the year-on-year variation has been modest at around 0.42%, with a CAGR of 1.47% over the past five years, indicating a slow but steady recovery.
Future trends to watch for:
- Continued potential for growth in the non-electric bicycles market driven by increasing health consciousness and environmental awareness.
- Possible market expansion with urban infrastructure development and cycling-friendly policies.
- Emergence of new market players and innovations in bicycle design to cater to consumer needs.
How does Mozambique 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 |
| 26 | 26 Greece | 29,215,000 | 2023 | -10.09% | -7.89% | View data |
| 27 | 27 Iceland | 28,263,000 | 2023 | +5.95% | +5.1% | View data |
| 28 | 28 Mozambique | 23,156,000 | 2023 | +0.41% | +1.47% | |
| 29 | 29 Latvia | 18,001,000 | 2023 | +1.06% | +1.24% | View data |
| 30 | 30 Honduras | 15,235,000 | 2023 | -1.62% | -1.39% | View data |
