Despite the rise of manufacturing in countries like Cambodia, the number of Taiwan-made bikes coming to the UK grew in 2014.
According to stats passed to BikeBiz by the Taiwan External Trade Development Council, Taiwan exported 590,000 units of complete bicycles to the UK in 2014, up 4.95 per cent on 2013.
The numbers mean that the UK is now the second biggest export market for Taiwan, after the USA (Holland is third).
The value of the bikes coming to the UK from Taiwan grew 7.15 per cent from USD 156 million to USD 167 million. Average unit price (not retail price) grew from USD 279 to USD 284.84 (£188.19), representing 2.09 per cent growth.
The nation’s bike industry is currently gearing up for the Taipei Intenational Cycle Show, running March 18th to 20th. Read more at the Taipei Cycle Show site.