Finland - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBicycle Price in Finland - 2023
Contents:
- Bicycle Price in Finland (CIF) - 2023
- Bicycle Price in Finland (FOB) - 2022
- Bicycle Imports in Finland
- Bicycle Exports in Finland
Bicycle Price in Finland (CIF) - 2023
The average bicycle import price stood at $498 per unit in August 2023, flattening at the previous month. Overall, import price indicated a pronounced increase from August 2022 to August 2023: its price increased at an average monthly rate of +4.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, bicycle import price decreased by -7.5% against June 2023 indices. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 35% m-o-m. Over the period under review, average import prices reached the peak figure at $539 per unit in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($1,804 per unit), while the price for Turkey ($12.3 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Price in Finland (FOB) - 2022
In 2022, the average bicycle export price amounted to $458 per unit, jumping by 52% against the previous year. Overall, the export price saw a prominent expansion. The export price peaked at $505 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($3,714 per unit), while the average price for exports to Cameroon ($22 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Imports in Finland
Bicycle imports into Finland skyrocketed to 394K units in 2022, jumping by 39% compared with the previous year's figure. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, bicycle imports soared to $145M in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Bicycle in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 5.1 | 24.0 | 17.8 | 36.5 | 92.7% |
Netherlands | 3.3 | 6.6 | 10.2 | 28.6 | 105.4% |
Germany | 13.4 | 17.8 | 21.7 | 22.0 | 18.0% |
Turkey | 8.2 | 7.4 | 8.8 | 20.0 | 34.6% |
Serbia | 2.3 | 2.4 | 3.6 | 5.0 | 29.5% |
Sri Lanka | 0.8 | 1.5 | 1.8 | 3.6 | 65.1% |
Hungary | 4.1 | 2.8 | 1.8 | 3.0 | -9.9% |
Taiwan (Chinese) | 10.9 | 1.0 | 1.7 | 1.9 | -44.1% |
China | 4.1 | 0.4 | 0.5 | 0.3 | -58.2% |
Others | 15.3 | 15.0 | 20.9 | 24.5 | 17.0% |
Total | 67.4 | 79.1 | 88.8 | 145 | 29.1% |
Top Suppliers of Bicycle to Finland in 2022:
- Turkey (81.9K units)
- Sweden (75.5K units)
- Netherlands (50.1K units)
- Germany (45.4K units)
- Sri Lanka (30.3K units)
- Serbia (25.0K units)
- Hungary (21.4K units)
- Taiwan (Chinese) (3.4K units)
- China (1.3K units)
Bicycle Exports in Finland
In 2022, the amount of bicycles and other cycles exported from Finland skyrocketed to 14K units, rising by 63% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 101% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, bicycle exports soared to $6.5M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Bicycle in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 329 | 205 | 371 | 2,674 | 101.1% |
Kazakhstan | N/A | N/A | N/A | 1,367 | 0% |
Estonia | 176 | 516 | 730 | 605 | 50.9% |
Netherlands | N/A | 505 | 482 | 428 | -7.9% |
Lithuania | 0.8 | N/A | 7.0 | 355 | 662.7% |
Russia | 992 | 731 | 548 | 268 | -35.4% |
Germany | 23.4 | 90.1 | 40.3 | 191 | 101.3% |
Norway | 103 | 20.7 | 38.9 | 161 | 16.1% |
Cameroon | 5.8 | 11.5 | 8.8 | 8.7 | 14.5% |
Gambia | 18.6 | 24.4 | 13.9 | 8.1 | -24.2% |
Nigeria | 1.5 | 0.5 | 6.0 | 7.3 | 69.5% |
Others | 549 | 454 | 364 | 432 | -7.7% |
Total | 2,198 | 2,559 | 2,611 | 6,505 | 43.6% |
Top Export Markets for Bicycle from Finland in 2022:
- Sweden (6.6K units)
- Estonia (2.0K units)
- Lithuania (1.1K units)
- Netherlands (1.0K units)
- Germany (0.6K units)
- Cameroon (0.4K units)
- Kazakhstan (0.4K units)
- Gambia (0.3K units)
- Nigeria (0.3K units)
- Norway (0.3K units)
- Russia (0.3K units)
This report provides an in-depth analysis of the bicycle market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
- Prodcom 30921030 -
- Prodcom 30921050 -
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the bicycle market in Finland.
This report provides an in-depth analysis of the global bicycle market.
This report provides an in-depth analysis of the bicycle market in Finland.
This report provides an in-depth analysis of the global bicycle market.
Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
The global trade in bicycles amounted to X million USD in 2015, fluctuating mildly over the period under review. A significant drop in 2009 was followed by robust growth over next three years, until it levelled off thro
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Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>