Cambodia: Bicycle Market 2022

Bicycle Market Size in Cambodia

For the third consecutive year, the Cambodian bicycle market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption, however, showed a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bicycle Production in Cambodia

In value terms, bicycle production surged to $X in 2020 estimated in export prices. Over the period under review, production showed a prominent expansion. The pace of growth was the most pronounced in 2009 when the production volume increased by X% y-o-y. Bicycle production peaked in 2020 and is expected to retain growth in the immediate term.

Bicycle Exports

Exports from Cambodia

In 2020, overseas shipments of bicycles and other cycles increased by X% to X units, rising for the third year in a row after four years of decline. In general, exports recorded buoyant growth. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Exports peaked at X units in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, bicycle exports soared to $X in 2020. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the immediate term.

Exports by Country

The U.S. (X units), Germany (X units) and the UK (X units) were the main destinations of bicycle exports from Cambodia, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S. (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for bicycle exported from Cambodia worldwide, together comprising X% of total exports.

In terms of the main countries of destination, the U.S. (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bicycle export price stood at $X per unit in 2020, picking up by X% against the previous year. In general, the export price posted prominent growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per unit in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Cambodia

In 2020, purchases abroad of bicycles and other cycles decreased by -X% to X units, falling for the second consecutive year after two years of growth. Overall, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, bicycle imports expanded markedly to $X in 2020. Over the period under review, total imports indicated a notable expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, Japan (X units) constituted the largest bicycle supplier to Cambodia, with a X% share of total imports. Moreover, bicycle imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2007 to 2020, the average annual growth rate of volume from Japan stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Thailand (+X% per year).

In value terms, the largest bicycle suppliers to Cambodia were Japan ($X), China ($X) and Thailand ($X), with a combined X% share of total imports.

China saw the highest rates of growth with regard to 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.

Import Prices by Country

The average bicycle import price stood at $X per unit in 2020, picking up by X% against the previous year. Overall, the import price enjoyed resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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