Netherlands: Bicycle Market 2024

Bicycle Market Size in the Netherlands

In 2021, the Dutch bicycle market increased by 6.6% to $X, rising for the sixth year in a row after two years of decline. In general, consumption continues to indicate a resilient expansion. Bicycle consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Bicycle Production in the Netherlands

In value terms, bicycle production dropped to $X in 2021 estimated in export price. Overall, production showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with a decrease of -5.8%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bicycle Exports

Exports from the Netherlands

In 2021, overseas shipments of bicycles and other cycles increased by 3.3% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 17% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, bicycle exports expanded notably to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 21%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), France (X units) and Belgium (X units) were the main destinations of bicycle exports from the Netherlands, with a combined 55% share of total exports. These countries were followed by Denmark, the UK, Italy, Spain, Poland, Sweden, Austria, Ireland, the Czech Republic and Finland, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +15.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bicycle exported from the Netherlands were Germany ($X), Belgium ($X) and France ($X), together accounting for 51% of total exports. These countries were followed by Italy, Spain, Denmark, the UK, Sweden, Austria, Poland, the Czech Republic, Finland and Ireland, which together accounted for a further 40%.

In terms of the main countries of destination, Ireland, with a CAGR of +19.8%, recorded 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 2021, with an increase of 6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2018 when the average export price increased by 12% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($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 Poland (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into the Netherlands

In 2021, the amount of bicycles and other cycles imported into the Netherlands rose slightly to X units, with an increase of 3.2% on the previous year. Over the period under review, imports showed resilient growth. The growth pace was the most rapid in 2019 with an increase of 38% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, bicycle imports rose rapidly to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.3% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 24% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest bicycle supplier to the Netherlands, accounting for a 48% share of total imports. Moreover, bicycle imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by the Czech Republic (X units), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.7% per year) and the Czech Republic (+2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of bicycles and other cycles to the Netherlands, comprising 43% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by China, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.4% per year) and China (+32.3% per year).

Import Prices by Country

In 2021, the average bicycle import price amounted to $X per unit, surging by 7.5% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2014 when the average import price increased by 23%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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