Taiwan’s bicycle industry saw exports in the first quarter this year grow to US$417 million, led by gains in the UK and Eastern European markets.
First-quarter exports increased by 2.3% from the same period in 2009, based on information from the Taiwan Bicycle Exporters Association (TBEA).
The strongest growth was in the UK, Ireland and Central European markets such as Hungary and Slovenia. The value of Taiwan’s bicycle exports to the UK and Ireland more than doubled, while exports to Hungary rose by more than 37% and those to Slovenia gained by 24%.
The average selling price rose by 2% to US$289.43 during the first quarter, based on the TBEA information. Taiwan’s bike makers include Giant Manufacturing Co., Merida Industry Co. and other companies.
Europe, Taiwan’s largest market, imported US$245.3 million worth of bicycles during the first quarter for a 21.6% increase from the same period a year earlier. Results werent given for North America.
