At Eurobike last year, Gil Nadais already hinted on the fact that the export value of ‘made in Portugal’ e-bikes exceeded bicycles. During the recent meeting in Portugal, ABIMOTA Secretary General Gil Nadias updated ANI President Joana Mendonça on last year’s e-bike and bicycle export statistics. In 2021 the total bicycle and e-bike export value increase by 39% compared with 2020. “We almost hit the €600 million threshold. According to our latest information, Portugal’s export value increase from €427 million in 2020 to €594 million last year,” explained Nadais.
2022 expectations and beyond
For Gil Nadais it clearly shows that the country’s production of e-bikes and bicycles is flourishing under the umbrella of the Portugal Bike Value initiative. “I am convinced we will even exceed the export value in 2022, although I can’t guarantee that the growth rate will remain on the same level. For the years to come, we anticipate an ongoing growth in this industry.”
“In 2020 we noticed that a seasonality that existed in the sector disappeared. Until 2019, it was normal for factories to work at full capacity until the summer, and the second semester used to be a period of lower production, with companies working fundamentally to replenish stocks. However, since last year, this seasonality has disappeared as a result of the huge international demand this sector has, in our days.” Components shortage and rising costs of transportation, make some of the production suffer delays and price increases.
“The search for short distribution chains is a market requirement and for us it is a necessity. Therefore, the national sector is increasingly investing in R&D (research and development) and it is in our plans to create a new entity, which will be fundamental for Portugal to continue to assert itself in the international sector at the highest level.”