The import of bicycle brakes and parts to China, expressed in volume, has shown fluctuations since 2013. The actual data indicates a gradual decline over the years, with the volume standing at 1.5886 million kilograms in 2023. The most recent year-on-year variation showed a 9.28% decrease from 2022 to 2023. Over the past two years, the import volume has decreased continually, reflecting a negative trend. The compound annual growth rate (CAGR) over the last five years is recorded at -8.83%. Forecast data from 2024 onwards shows a continued decline, with a forecasted CAGR of -12.07% over the next five years, ending at approximately 0.74497 million kilograms by 2028.
Future trends to watch for include:
- Potential shifts in domestic production versus imports.
- Changes in consumer demand for bicycle components due to economic factors and shifting transportation preferences.
- Technological advancements affecting product lifecycles and demand for replacements.
- Policy changes impacting trade and tariffs.
