Iran: Bicycle Market 2025

Bicycle Market Size in Iran

In 2021, the Iranian bicycle market increased by 131% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw moderate growth. Bicycle consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Bicycle Exports

Exports from Iran

In 2021, approx. X units of bicycles and other cycles were exported from Iran; which is down by -54.4% against 2020. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 3,729%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, bicycle exports reduced rapidly to $X in 2021. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when exports increased by 3,782%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X units) was the main destination for bicycle exports from Iran, with a 70% share of total exports. Moreover, bicycle exports to Georgia exceeded the volume sent to the second major destination, Azerbaijan (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Georgia stood at -18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+9.2% per year) and Oman (0.0% per year).

In value terms, Georgia ($X) emerged as the key foreign market for bicycles and other cycles exports from Iran, comprising 73% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia stood at -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+7.0% per year) and Oman (+18.3% per year).

Export Prices by Country

In 2021, the average bicycle export price amounted to $X per unit, shrinking by -10.8% against the previous year. In general, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 212% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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 Oman ($X per unit), while the average price for exports to Azerbaijan ($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 Afghanistan (+74.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Iran

In 2021, overseas purchases of bicycles and other cycles increased by 82% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2014 with an increase of 162%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, bicycle imports soared to $X in 2021. In general, imports enjoyed noticeable growth. The pace of growth was the most pronounced in 2014 when imports increased by 241%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of bicycle to Iran, with a 99% share of total imports. It was followed by Japan (X units), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-49.9% per year) and the United Arab Emirates (-62.5% per year).

In value terms, China ($X) constituted the largest supplier of bicycles and other cycles to Iran, comprising 99% of total imports. The second position in the ranking was held by Japan ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-55.4% per year) and the United Arab Emirates (-63.1% per year).

Import Prices by Country

In 2021, the average bicycle import price amounted to $X per unit, surging by 42% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 China ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :