The impact of Covid on the 2020 bike market
EU e-bike imports increased by 10% in 2020 to meet the expanding market. Taiwan strengthened its market position as e-bike supplier for the European market, increasing its market share from 46% in 201,9 to 51% in 2020, official EU statistics show. Taiwan shipped 415,270 e-bikes to the EU last year versus 342,058 units in 2019. Also, Vietnam and Turkey ranking second and fourth generated a more than double digit export increase to the European Union. Vietnam exported almost 150,000 units to Europe between January and November, while Turkey shipped near to 50,000 e-bikes. In contrast to the e-bike imports, bicycle imports into the EU continued to decline. However, the decrease in EU bicycle imports was less than in previous years in response to the bike boom.