Taiwan Bike Industry In Transformation

Taipei, Taiwan – Taiwan Bicycle Association (TBA) has released draft figures of bicycle and e-bike exports from Taiwan during the first four months of 2018. The figures show that although the quantity of traditional bicycles exported from the island are continuing to drop in quantity, the total value is increasing. Additionally, e-bike exports are continuing to rise rapidly both in terms of volume and value.

Traditional bikes
According to the TBA's released draft figures, 740,518 complete bicycles (without electric-assist) were exported from Taiwan in the first four months of this year, this is a drop of over 11% from the 839,107 bikes exported during the same four months of 2017. The USA, the Netherlands, the UK and Sweden were the destinations which received the greatest quantity of traditional bicycle exports from Taiwan.
The average value of these bikes once again jumped sharply rising by 29.35% to US$ 588.33 per unit in the first four months of 2018, up from US$ 454.82 during the same period in 2017. Similarly, the total value of exports during this period rose by over 14% from US$381,644,094 in 2017 to US$ 435,670,435.

Exports of electric-assist bicycles are continuing to grab a greater share of Taiwan's production capacity. The TBA's figures show that in the first four months of the year exports of e-bikes from Taiwan increased in terms of quantity, value and average value compare with the same period in 2017. According to the draft figures, a total of 82,920 units were shipped from Taiwan up to April 30th this year, this represents an increase of 34.35% from the 61,720 units shipped in the same period of 2017. The average value of those exports rose to US$ 1,373.77, and the total value of exported e-bikes during this period was US$ 113,912,879—a huge 55% increase from the US$ 73,249,604 shipped in the same period of last year. The destinations which received the greatest number of Taiwan's exported e-bikes were Germany, the Netherlands and the USA.