Trade Trends
The global export market for bicycle brakes and related components increased from $1.36B in 2019 to $1.52B in 2023, reflecting an 11.79% growth over the five-year period. Export values peaked sharply in 2022 at $2.59B before contracting significantly in 2023.
The surge through 2022 underscores strong global demand for bicycles, driven by urban mobility solutions, sustainability initiatives, health-focused lifestyles, and pandemic-era shifts toward outdoor transportation. The correction in 2023 points to market normalization, inventory adjustments, and evolving supply chain dynamics. USD-denominated figures highlight the sector’s resilience while emphasizing its sensitivity to macroeconomic conditions and global trade disruptions.
Top Trading Countries
- Japan emerged as the leading exporter in 2024 with $416.34M, up from $398.10M in 2023 and $350.81M in 2019. This represents a 13.48% increase from 2019 to 2023 and a 4.58% rise from 2023 to 2024.
- China followed with $206.18M in 2024, slightly down from $208.75M in 2023 but higher than $181.72M in 2019. This marks a 14.87% increase from 2019 to 2023 and a -1.23% change from 2023 to 2024.
- Singapore recorded $206.61M in 2023, down from $215.03M in 2019, reflecting a -3.92% change over the period.
- Taiwan reached $171.63M in 2024, down from $193.64M in 2023 but above $149.20M in 2019. This represents a 29.78% increase from 2019 to 2023 and a -11.36% change from 2023 to 2024.
- Malaysia posted $134.31M in 2024, declining from $179.51M in 2023 and $184.02M in 2019. This reflects a -2.45% change from 2019 to 2023 and a sharp -25.18% drop from 2023 to 2024.
- Germany exported $90.95M in 2024, down from $127.17M in 2023 but higher than $82.99M in 2019. This represents a 53.23% increase from 2019 to 2023 and a -28.48% decline from 2023 to 2024.
On the Rise
- Indonesia demonstrated exceptional growth, expanding from $685.47K in 2019 to $7.62M in 2023 and $14.29M in 2024. This represents a 1012.3% increase from 2019 to 2023 and an 87.43% rise from 2023 to 2024.
- Poland increased exports from $1.57M in 2019 to $3.87M in 2023 and $3.93M in 2024, reflecting a 146.2% rise from 2019 to 2023 and a 1.45% increase from 2023 to 2024.
- United States grew from $8.39M in 2019 to $9.11M in 2023 and $10.66M in 2024. This marks an 8.62% increase from 2019 to 2023 and a 16.99% rise from 2023 to 2024.
- Hong Kong expanded from $3.74M in 2019 to $3.83M in 2023 and $6.29M in 2024. This represents a 2.3% increase from 2019 to 2023 and a strong 64.13% rise from 2023 to 2024.
These emerging exporters highlight increasing diversification within the bicycle components supply chain, supported by growing manufacturing capacity and deeper integration into global mobility markets.
Disclaimer
These insights are based on available trade data and may not represent the full market reality.
