Taiwan exported US$555 million (A$740 million) worth of e-bikes in the first five months of 2021, up 44% from the same period in 2020, the country’s Ministry of Finance announced. Exports of regular bikes totalled US$525 million (A$700 million), up 38% from the same period last year.
Taiwan’s total bicycle exports in calendar year 2020 were valued at US$2.197 billion (A$2.93 billion). This is for complete bicycles only, not including parts and accessories. In 2020 US$1.21 billion (A$1.61 billion) of these bikes were non-ebike and $987 million (A$1.31 billion) were ebikes, making the percentage split 55%/45% in favour of non-ebikes.
So far, for the first five months of 2021 the split is has been 48.6%/51.4% in favour of ebikes.
Taiwan’s bicycle industry has benefited from tariffs imposed upon China’s production by the USA during the Trump trade war and ongoing anti-dumping duties imposed by the European Union.
Most of this article was first published in Bicycle Retailer and Industry News