The import of bicycle pedals, crank-gear, and parts to Malaysia has shown significant fluctuations over the years. From 2013 to 2018, imports saw major peaks and troughs, culminating in a substantial increase in 2018. Post-2018, the yearly variation largely stabilized, with modest increases from 2019 to 2023. In 2023, the import volume stood at 524.29 thousand kilograms, reflecting a 3.13% year-on-year growth from 2022. The compound annual growth rate (CAGR) over the last five years (2019-2023) is -1.11%.

Future trends to watch for:

The five-year forecast (2024-2028) predicts a CAGR of 2.31%.
There is an anticipated overall growth rate of 12.1% for this period.
Macro-economic factors, policy changes, and technological advancements in the bicycle industry may impact future imports.