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United Kingdom - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights

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Sep 3, 2023

Price of Bicycles in UK Reaches $320 per Unit Following Four Months of Continual Rise

United Kingdom Bicycle Import Price in April 2023

In April 2023, the bicycle price stood at $320 per unit (CIF, United Kingdom), leveling off at the previous month. Over the period under review, import price indicated noticeable growth from April 2022 to April 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, bicycle import price increased by +196.9% against December 2022 indices. The pace of growth appeared the most rapid in January 2023 an increase of 150% against the previous month. The import price peaked in April 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($1,414 per unit), while the price for India ($58.9 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

United Kingdom Bicycle Import Prices By Country (USD Per Unit)

COUNTRY	Import Price of Bicycle in United Kingdom (USD per unit)
COUNTRY	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023
Taiwan (Chinese)	666	894	760	701	914	797	503	641	644	927	801	995	1,414
Cambodia	317	328	307	364	325	397	356	462	362	306	340	333	374
Indonesia	237	261	225	265	235	237	271	226	216	258	210	252	248
China	175	125	94.0	111	196	113	102	133	100	163	128	101	116
Bangladesh	144	136	130	126	125	138	105	140	20.2	121	107	111	114
Tunisia	105	109	112	110	116	110	113	119	119	123	106	118	111
India	59.8	58.5	54.1	56.6	52.9	44.9	51.6	52.4	56.3	52.5	69.9	53.3	58.9
Average	246	231	243	220	243	234	161	216	108	269	301	319	320

United Kingdom Bicycle Imports

In April 2023, approximately 98K units of bicycles and other cycles were imported into the UK; waning by -4.6% compared with the month before. Overall, imports showed a noticeable reduction. The pace of growth appeared the most rapid in October 2022 when imports increased by 81% against the previous month. Imports peaked at 306K units in December 2022; however, from January 2023 to April 2023, imports stood at a somewhat lower figure.

In value terms, bicycle imports declined slightly to $31M (IndexBox estimates) in April 2023. In general, imports recorded a pronounced decline. The pace of growth was the most pronounced in October 2022 with an increase of 24% month-to-month. Over the period under review, imports attained the maximum at 48M units in May 2022; however, from June 2022 to April 2023, imports stood at a somewhat lower figure.

United Kingdom Bicycle Imports by Country

Bangladesh (18K units), China (16K units) and Tunisia (13K units) were the main suppliers of bicycle imports to the UK, together comprising 48% of total imports. These countries were followed by Cambodia, Indonesia, Germany, Taiwan (Chinese), India, Portugal, Sri Lanka, Vietnam, Thailand and Turkey, which together accounted for a further 47%.

From April 2022 to April 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +7.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest bicycle suppliers to the UK were Taiwan (Chinese) ($7.1M), Germany ($4.8M) and Cambodia ($4.6M), with a combined 53% share of total imports. Bangladesh, China, Indonesia, Vietnam, Tunisia, Portugal, Sri Lanka, India, Turkey and Thailand lagged somewhat behind, together comprising a further 35%.

Vietnam, with a CAGR of +9.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bicycle market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
Prodcom 30921030 -
Prodcom 30921050 -

Country coverage:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

United Kingdom - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights

Price of Bicycles in UK Reaches $320 per Unit Following Four Months of Continual Rise

United Kingdom Bicycle Import Price in April 2023

United Kingdom Bicycle Imports

United Kingdom Bicycle Imports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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