South Africa: Bicycle Market 2024

Bicycle Market Size in South Africa

The South African bicycle market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a pronounced reduction. Bicycle consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bicycle Exports

Exports from South Africa

In 2021, approx. X units of bicycles and other cycles were exported from South Africa; rising by 32% compared with the previous year's figure. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, bicycle exports soared to $X in 2021. In general, exports, however, saw a slight decline. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Malawi (X units), Namibia (X units) and Mozambique (X units) were the main destinations of bicycle exports from South Africa, with a combined 57% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malawi (with a CAGR of +37.2%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) remains the key foreign market for bicycles and other cycles exports from South Africa, comprising 35% of total exports. The second position in the ranking was taken by Malawi ($X), with a 15% share of total exports. It was followed by Botswana, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Namibia totaled -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+10.4% per year) and Botswana (+1.5% per year).

Export Prices by Country

In 2021, the average bicycle export price amounted to $X per unit, rising by 3.1% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 Namibia ($X per unit), while the average price for exports to Malawi ($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 Namibia (-4.7%), while the prices for the other major destinations experienced a decline.

Bicycle Imports

Imports into South Africa

In 2021, after two years of decline, there was significant growth in overseas purchases of bicycles and other cycles, when their volume increased by 48% to X units. Overall, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 63%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, bicycle imports surged to $X in 2021. In general, imports, however, showed a perceptible setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of bicycle to South Africa, accounting for a 95% share of total imports. It was followed by India (X units), with a 3% share of total imports. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+41.3% per year) and Taiwan (Chinese) (-21.7% per year).

In value terms, China ($X) constituted the largest supplier of bicycles and other cycles to South Africa, comprising 75% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by India, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-12.8% per year) and India (+34.7% per year).

Import Prices by Country

The average bicycle import price stood at $X per unit in 2021, which is down by -4% against the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bicycle import price decreased by -33.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

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 (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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