Croatian bicycle exports increase as global bicycle market explodes
June 5, 2021 – Croatian bicycle exports have increased as people choose a more active, outdoor-oriented lifestyle due to the ongoing public health crisis that is taking the world by storm.
As Poslovni Dnevnik / Marija Brnic writes, the bicycle sector is becoming very profitable due to consumption which has exploded with the onset of the pandemic, even causing a shortage in the global market, but European manufacturers, especially Italian manufacturers, are faced with a dilemma as to whether whether to risk things and invest in new capacity, and they are cautious because they estimate that such interest could last another two years.
All bicycle manufacturers around the world face a big problem with sourcing the key parts needed in the production of bicycles, such as gears and gearboxes, even for the famous Japanese manufacturer Shimano, which caters up to ‘to two-thirds of global needs. .
Until now, manufacturers have waited four months for delivery of the ordered quantities from Shimano, and now that deadline has increased to one year. A solution is sought in collaboration with other manufacturers to increase production.
Demand is increasing
Statistics also show a massive increase in general demand for bicycles – from the United States, where demand has jumped 120%, and the United Kingdom, which has jumped to 45%, and according to Eurostat data, the bicycle trade is increasing in the EU Member States, especially in the trade for electric versions.
43% more bicycles were exported than in 2019, almost 274,000 of them for a total value of 427 million euros, while their imports were at the same time higher by 19%, and more than 839,000, for a total value of 721 million euros, were imported.
Exports of “classic” bicycles produced in the EU also increased by up to 35 percent, a total of 1.3 million euros worth 471 million euros were exported, while imports , contrary to the overall global trend, were about 3 percent below the level of the previous year. This is a significant amount – the import of almost 5 million bicycles worth 930 million euros.
The main market for European bicycles of all types, pedal and electric, was the United Kingdom, where more than a third were sold, and Switzerland, while almost a quarter of imported ‘classics’ came from Cambodia, and more than half of electric bicycles are imported from Taiwan.
As for Croatia, last year, according to Eurostat data, we imported 86% more bicycles, a total of 16.4 thousand bicycles worth 1.5 million euros, and Croatian bicycle exports increased by 122% – 1.7 thousand bicycles worth half a million euros were exported. .
An unsurprising lack of incentives in Croatia
Regarding electric bicycles, Croatian bicycle exports and imports have decreased compared to the pre-pandemic 2019, but their financial value is significantly higher. It is also interesting to note that in this case the realization of exports is higher than that of imports – 354 electric bicycles worth 272 thousand euros were exported, and 286 worth 182 thousand euros. euros have been imported.
There are several producers who have entered this niche here in Croatia – Mate Rimac and the young innovator Mate Ljubicic from Runovic. The demand for e-bikes in this country would also likely increase quite significantly if people were given incentives as part of the e-mobility incentive.
Last year, and also this year, in the recently issued public invitation of the Environmental Protection and Energy Efficiency Fund, no grant aid is provided for the purchase of electric bicycles among the vehicles. electric.
However, regardless of whether the state has decided to exclude bicycles in relation to other categories of vehicles, the example of the Italian city of Rome proves that there are other forms of incentives to be offered – like up to 500 euros for the purchase of all types of bicycles.
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