Austria: Bicycle Market 2024

Bicycle Market Size in Austria

In 2021, after four years of growth, there was significant decline in the Austrian bicycle market, when its value decreased by -12.1% to $X. Over the period under review, consumption saw a prominent increase. Bicycle consumption peaked at $X in 2020, and then contracted in the following year.

Bicycle Exports

Exports from Austria

In 2021, overseas shipments of bicycles and other cycles increased by 33% to X units, rising for the third consecutive year after two years of decline. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2014 when exports increased by 1,485%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, bicycle exports expanded sharply to $X in 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,325%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for bicycle exports from Austria, accounting for a 56% share of total exports. Moreover, bicycle exports to Germany exceeded the volume sent to the second major destination, Poland (X units), sevenfold. Slovakia (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+39.5% per year) and Slovakia (+12.4% per year).

In value terms, Germany ($X) remains the key foreign market for bicycles and other cycles exports from Austria, comprising 53% of total exports. The second position in the ranking was held by Poland ($X), with an 8.8% share of total exports. It was followed by Spain, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+30.7% per year) and Spain (+3.4% per year).

Export Prices by Country

In 2021, the average bicycle export price amounted to $X per unit, shrinking by -14.4% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 a decrease of -3.5% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Slovenia ($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 France (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Austria

For the eighth consecutive year, Austria recorded growth in purchases abroad of bicycles and other cycles, which increased by 15% to X units in 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 568% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, bicycle imports contracted slightly to $X in 2021. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 773%. Imports peaked at $X in 2020, and then dropped modestly in the following year.

Imports by Country

Germany (X units), Poland (X units) and Cambodia (X units) were the main suppliers of bicycle imports to Austria, with a combined 56% share of total imports. The Czech Republic, Bangladesh, the Netherlands, Vietnam, Taiwan (Chinese), Belgium, Indonesia, Serbia and Thailand lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +67.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of bicycles and other cycles to Austria, comprising 44% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+13.4% per year) and the Netherlands (+6.6% per year).

Import Prices by Country

In 2021, the average bicycle import price amounted to $X per unit, falling by -16.4% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 59%. The import price peaked at $X per unit in 2020, and then contracted rapidly in the following year.

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 the Netherlands ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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