Taiwan records 21% increase in electric bike exports: trade body

Taiwan data 21% enhance in electrical bike exports: commerce physique

Taipei, Sept. 15 (CNA) Taiwan noticed electrical bicycle exports within the first seven months of this 12 months hovering 21 p.c in quantity from a 12 months earlier, bucking the downturn of just about 30 p.c within the export quantity of conventional bikes, the Taiwan Exterior Commerce Growth Council (TAITRA) mentioned Tuesday.

Throughout a information convention during which TAITRA introduced that the 2021 Taipei Cycle Present will probably be held in March, Walter Yeh (葉明水), council president and chief govt officer, mentioned Taiwan has benefited from sturdy demand for electrical bikes from Europe and the US.

Information compiled by the TAITRA exhibits that Taiwan bought about 410,000 electrical bikes within the seven-month interval, up 21 p.c from a 12 months earlier, whereas conventional bike shipments fell 29.69 p.c to some 905,000 items.

In keeping with Yeh, electrical bike exports to Sweden alone from Taiwan within the seven months soared 323.74 p.c from a 12 months earlier by way of quantity, exports to the US grew 49.12 p.c, exports to the Netherlands rose 16.91 p.c and exports to Germany elevated by 15.29 p.c.

When it comes to gross sales worth, electrical bike exports additionally rose 18.03 p.c from a 12 months earlier to US$523 million within the seven-month interval, whereas conventional bike exports fell 22.38 p.c to US$583 million, in keeping with the TAITRA knowledge.

Big Manufacturing Co. and Merida Trade Co., two main bicycle manufacturers in Taiwan, mentioned the sturdy international demand from shoppers eager to make use of electrical bikes as transportation instruments or for “staycations” amid the COVID-19 pandemic, their factories have been operating at full velocity.

Within the information convention, Merida Chairman Tseng Tune-chu (曾崧柱), mentioned the bicycle business had been feeling the pinch of the COVID-19 pandemic, which has led to large lockdowns worldwide, however with financial restoration, his firm has been seeing orders coming in and its manufacturing capability has been totally booked into March 2021.

Equally, Bonnie Tu (杜綉珍), chairwoman of Big, famous that biking has turn into a well-liked motion in lots of nations and, primarily based on orders the corporate has obtained, has its manufacturing capability totally booked, a state of affairs that’s anticipated to proceed into subsequent 12 months. In the meantime,

Robert Wu (吳盈進), chairman of motorbike elements provider Kuei Meng Worldwide Inc., mentioned that many European nations have provide you with subsidies for bike purchases or are constructing devoted paths for biking, which has supplied a superb alternative for Taiwan’s bike business to hunt the next market share.

In keeping with TAITRA, the 2021 Taipei Cycle Present will probably be held within the Taipei Nangang Exhibition Middle from March 3-6.

Along with a bodily exhibition, the commerce present may also present on-line conferences for distributors and potential patrons as many individuals will probably be unable to attend in particular person as a result of COVID-19 journey restrictions.

TAITRA additionally mentioned a web-based exhibition will begin on March 3 and proceed for one month.

(By Liang Pei-chi and Frances Huang)