Report Update Nov 1, 2024

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

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Argentina: Bicycle Market 2024

Bicycle Market Size in Argentina

The Argentinian bicycle market reached $X in 2021, picking up by 2.4% against the previous year. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bicycle Production in Argentina

In value terms, bicycle production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 41% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Bicycle Exports

Exports from Argentina

In 2021, approx. X units of bicycles and other cycles were exported from Argentina; growing by 137% against the previous year's figure. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 857%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, bicycle exports soared to $X in 2021. Over the period under review, exports enjoyed tangible growth. The most prominent rate of growth was recorded in 2018 when exports increased by 447%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X units), Brazil (X units) and Chile (X units) were the main destinations of bicycle exports from Argentina, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +39.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bicycle exported from Argentina were Uruguay ($X), Brazil ($X) and Chile ($X), with a combined 85% share of total exports.

Chile, with a CAGR of +50.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bicycle export price amounted to $X per unit, which is down by -14.6% against the previous year. Overall, the export price recorded a slight contraction. The growth pace was the most rapid in 2019 when the average export price increased by 117%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+288.1%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Argentina

In 2021, supplies from abroad of bicycles and other cycles decreased by -22.2% to X units, falling for the second consecutive year after five years of growth. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 453% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, bicycle imports dropped to $X in 2021. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 267%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main bicycle supplier to Argentina, accounting for a 95% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.2% share of total imports.

From 2015 to 2021, the average annual growth rate of volume from China totaled +39.0%.

In value terms, China ($X) constituted the largest supplier of bicycles and other cycles to Argentina, comprising 75% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of value from China totaled +27.7%.

Import Prices by Country

The average bicycle import price stood at $X per unit in 2021, picking up by 11% against the previous year. Overall, the import price, however, saw a abrupt setback. The growth pace was the most rapid in 2016 an increase of 39%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China stood at $X per unit.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bicycles and other cycles in the world?

South Africa remains the largest bicycle consuming country worldwide, comprising approx. 47% of total volume. Moreover, bicycle consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was occupied by India, with a 5.2% share.

What are the largest producers of bicycles and other cycles in the world?

The country with the largest volume of bicycle production was China, comprising approx. 61% of total volume. Moreover, bicycle production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by Brazil, with a 4.7% share.

What are the leading suppliers of bicycles and other cycles to Argentina?

In value terms, Italy constituted the largest supplier of bicycle to Argentina, comprising 67% of total imports. The second position in the ranking was occupied by the United States, with a 14% share of total imports. It was followed by Spain, with a 10% share.

What are the leading importers of bicycles and other cycles from Argentina?

In value terms, Chile remains the key foreign market for bicycle exports from Argentina, comprising 75% of total exports. The second position in the ranking was occupied by Guatemala, with a 3.1% share of total exports.

What is the average export price for bicycles and other cycles in Argentina?

The average bicycle export price stood at $104 per unit in 2021, dropping by -11.8% against the previous year.

What is the average import price for bicycles and other cycles in Argentina?

The average bicycle import price stood at $879 per unit in 2021, increasing by 451% against the previous year.

This report provides an in-depth analysis of the bicycle market in Argentina. 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:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
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