In 2023, China dominated the global export market for non-motorized bicycles, holding 76.89% share by units. Japan, with 4.12%, and Italy, with 1.81%, followed but with significantly smaller shares. Notable shifts included a marked 32.16% increase for Switzerland, a significant 50.13% rise for Burundi, and a substantial 20.53% decline for the United States. Other major players like Japan, Netherlands, and India showed moderate growth, while several smaller nations such as Latvia and Moldova showed notable percentage increases among lower-volume exporters. Conversely, countries like Singapore, Greece, and Slovenia saw declining export shares.
Future trends to watch for include increasing diversification away from China as new players expand their market presence, driven by technological advancements and sustainability initiatives. Emerging markets like Burundi and traditional European strongholds could see renewed investments, while fluctuating trends in the U.S. reflect shifting global trade dynamics. Regulatory changes and economic shifts will likely create new opportunities and challenges in this evolving market.
Top countries in Export of Bicycles, Other Cycles, Not Motorized Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 76.89 | 2023 | +1.06% | +1.16% | View data |
| 2 | 2 Japan | 4.12 | 2023 | +1.81% | +2.03% | View data |
| 3 | 3 Italy | 1.81 | 2023 | -1.27% | -0.83% | View data |
| 4 | 4 Netherlands | 1.74 | 2023 | +1.48% | +3.17% | View data |
| 5 | 5 India | 1.67 | 2023 | +1.37% | +1.97% | View data |
| 6 | 6 Philippines | 1.62 | 2023 | +2.02% | +5.36% | View data |
| 7 | 7 Romania | 1.14 | 2023 | +4.12% | +3.83% | View data |
| 8 | 8 Bulgaria | 0.94 | 2023 | +1.84% | +2.64% | View data |
| 9 | 9 United Kingdom | 0.93 | 2023 | +2.94% | +3.36% | View data |
| 10 | 10 Poland | 0.84 | 2023 | -0.5% | -4.19% | View data |
