Portugal: Bicycle Market 2025

Bicycle Market Size in Portugal

The Portuguese bicycle market surged to $X in 2021, growing by 120% against the previous year. Over the period under review, consumption continues to indicate a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bicycle Production in Portugal

In value terms, bicycle production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Bicycle Exports

Exports from Portugal

In 2021, overseas shipments of bicycles and other cycles were finally on the rise to reach X units after two years of decline. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 38%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, bicycle exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +15.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Spain (X units), France (X units) and Germany (X units) were the main destinations of bicycle exports from Portugal, together accounting for 61% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +147.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bicycle exported from Portugal were Spain ($X), Germany ($X) and France ($X), together accounting for 72% of total exports.

Germany, with a CAGR of +187.1%, saw the highest rates of growth with regard to 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

The average bicycle export price stood at $X per unit in 2021, falling by -2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 17%. As a result, the export price attained the peak level of $X per unit, and then shrank slightly in the following year.

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 Germany ($X per unit), while the average price for exports to Belgium ($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 Germany (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Portugal

For the fourth consecutive year, Portugal recorded growth in overseas purchases of bicycles and other cycles, which increased by 34% to X units in 2021. Overall, imports, however, showed a slight decrease. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bicycle imports expanded notably to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X units), Italy (X units) and Romania (X units) were the main suppliers of bicycle imports to Portugal, together comprising 77% of total imports. India, France, Belgium, Poland, Germany, the Netherlands, Taiwan (Chinese) and Indonesia lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +145.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of bicycles and other cycles to Portugal, comprising 32% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.8% per year) and Italy (+25.6% per year).

Import Prices by Country

In 2021, the average bicycle import price amounted to $X per unit, shrinking by -18.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44%. The import price peaked at $X per unit in 2020, and then shrank notably 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 Indonesia ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+35.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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