Beijing
\nChina\u2019s bicycle exports have maintained robust growth in the past two years. The country sold 69.26 million bicycles to foreign destinations last year, up 14.9 percent year on year, and the export value surged 40.2 percent from a year ago to nearly $5.11 billion, according to customs data.
\n\u201cWe exported about four million bicycles last year, which accounted for 30 percent of our company\u2019s total production,\u201d said Sheng Kai, business manager of Shanghai Phoenix Import & Export Co., Ltd., a subsidiary of century-old bike-maker Shanghai Phoenix Enterprise (Group) Co. Ltd. (Shanghai Phoenix). According to him, the production schedule of the company has been made full in the first half of this year.
\n\u201cAlthough influenced by the pandemic,we stood at a new starting point in 2021 in terms of export. Now our high-end products will be sought after, and the orders will keep coming in,\u201d the manager said. Two mergers and acquisitions in Tianjin in 2020 have doubled the company\u2019s exports, he added.
\nThe established bike producer reported outstanding performance in its sales to developed countries, and 64 percent of its total exports went to Europe, the U.S. and Japan.
\nTianjin Golden Wheel Group in north China\u2019s Tianjin municipality also had a bumper year. Its sales revenue hit 5 billion yuan (about $786 million) last year, up from 3.1 billion in 2020, said Yang Yufeng, general manager of the group.
\nHe said almost all the 250,000 electric bicycles and 2 million bicycles manufactured by the group have contributed to its exports, adding that the group has a sales network that covers over 120 countries and regions.
\nMore people are riding bicycles for commuting and fitness amid the COVID-19 pandemic, as it is considered safer and healthier, said an insider. Some countries are offering subsidies on bicycles, which has placed high demand on the vehicles. Bicycles are even in short supply in some European countries and the U.S.
\n\u201cFor overseas bicycle markets, especially the high-end markets, bicycle brands\u2019 popularity, production capacity, sales channels and client resources are very important. Only those that are great in all these aspects can gain a foothold and grow in overseas markets,\u201d Sheng said.
\nApart from the soaring exports of finished bicycles, vast Chinese-made bike parts are shipped to overseas destinations, too.
\nLiu Chunsheng, general manager and founder of L-TWOO, a Chinese high-tech enterprise specializing in the design and production of bicycle drive-train components, has been kept busy recently.
\n\u201cThe pandemic has caused delays of delivery for U.S. and Japanese producers of bicycle transmissions, and some of them have extended their delivery cycle to two years,\u201d Liu said, adding that his company has been seeing increasingly more orders as it can deliver orders within a month.
\nThanks to its premium quality and shorter delivery cycle, L-TWOO has become suppliers of not only domestic bicycle producers, but also international big names.
\nChina has made huge progress in the research and innovation of core bicycle parts, said Guo Wenyu, secretary-general of the China Bicycle Association.
\nDomestic suppliers, which enhanced the capacity of the industry under the impacts from COVID-19, have played a positive role in maintaining healthy development of the industry, Guo noted.
\nIt\u2019s notable that the growth in the value of bicycle exports has outnumbered that in the quantity, which suggests increasing price of exported bicycles. The exports of high value-added vehicles, including road bikes, mountain bikes and electric bikes, are all on a rapid growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
Beijing China\u2019s bicycle exports have maintained robust growth in the past two years. The country sold 69.26 million bicycles to foreign destinations last year, up 14.9 percent year on year, and the export value surged 40.2 percent from a year ago to nearly $5.11 billion, according to customs data. \u201cWe exported about four million bicycles […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-246349","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-world"},"yoast_head":"\n