BikeBiz Bicycle and cycling retail news
The EU imposed the duties on July 12th.
Vietnam’s share of the EU bicycle market grew to nearly 9 percent last year from about 2 percent in 2000, while China’s share expanded to 4 percent from less than 1 percent, according to the EU, reports the Taipei Times.
The average price for a bicycle in Europe fell 7 percent to 115 euros a unit in 2003 compared with 2000, according to the EU, which said the market share of European producers fell to 51 percent last year from 67 percent four years earlier.
