Overview of Taiwan's Electric Bicycle Industry Output ValueThe Statistics Department of the Ministry of Economic Affairs released industry overview statistics today (27). Among them, the output value of the bicycle industry reached 115.3 billion yuan, an annual increase of 14.5%. Among them, bicycle parts accounted for 55.6%, followed by finished cars with 34.9%, and electric bicycles. Accounted for 9.5% again. But in terms of the annual growth rate, the output value of electric bicycles is 10.9 billion yuan, an annual increase of 50.2%. According to the analysis of the Census and Statistics Department, electric bicycles are growing rapidly. In 2018, the output value of 10.9 billion yuan exceeded 10 billion yuan, an annual increase of 50.2%, and the average unit price of nearly three 年 each exceeded 40,000 yuan. In particular, the proportion of direct export sales last year was as high as 96.9%, with Europe and the United States as the main export markets, of which the European Union’s import market accounted for 32.6%, and the US import market accounted for 14.8%. The analysis was due to the active promotion of green energy and sports and leisure in Europe and the United States. The prevailing trend, coupled with the auxiliary needs of the elderly population, has driven the demand for electric bicycles to continue to grow rapidly. The Census and Statistics Department also pointed out that despite the ups and downs of China's bicycle-sharing fever, bicycles have reached a peak of 56.5 billion yuan in 2015, and they have experienced double-digit negative growth for two consecutive years. They have resumed positive growth of 6.3% in 2018. Continuous efforts in research and development and innovation, and development towards high value, have caused the average sales unit price to increase year by year. In 2018, the average sales unit price was 21,000 yuan, the highest in history, with an annual increase of 11.9%. Also in 2018, the total export of bicycles was 1.5 billion U.S. dollars, an annual increase of 11.0%. The main exports to Europe accounted for 43.2% and the United States accounted for 29.8%. The import market share in the EU and mainland China reached 38.0% and 85.7% respectively. crown. As for bicycle parts, benefiting from the continuous increase in bicycle assembly demand in Europe and the United States, the equivalent quantities of front forks and bowls, frame, electric bicycle power system parts, transmissions, and rims have risen. In 2018, the output value was 64.2 billion yuan, a record high. The annual growth rate of 15.5%; export performance is strong, export value reached 1.25 billion US dollars, the annual growth rate of 11.4%, double-digit growth for two consecutive years, with Europe as the main export market, ranking second in the EU’s import market share, second only to China Mainland. The Census and Statistics Department pointed out that although Taiwan bicycles have the highest market share in the European Union, they have been declining year by year. Because of Cambodia’s preferential treatment of EU’s Generalized System of Preferences (GSP) tariffs and low wages, European and American brands have set up factories to sell back to the EU. The share rose from 5.0% in 2011 to 29.0% in 2018, and the gap with Taiwan gradually narrowed. In the future, electric bicycles will develop towards the integration of the electronics and metal electromechanical industries. Taiwan has this competitive advantage and continues to improve its research and development technology, which will help promote the development of electric bicycles into the kingdom of production. Reference: economic
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