2016 Taipei Cycle showcases success of Taiwan’s industry

Taipei Cycle showcases local industry success

The 2016 Taipei International Cycle Show, organized by Taiwan External Trade Development Council (TAITRA), takes place at Nangang Exhibition Center, Hall 1 and TWTC Hall 1, 2F from Mar 2 to Mar 5.

Taipei Cycle has 1,110 exhibitors, who use a total of 3,307 booths, with 2,482 local and 830 from overseas. The exhibition scale is roughly the same as last year, according to the organizer.

Tony Lo, president of the Taiwan Bicycle Association (TBA) and CEO of Giant said at a pre-show press conference on Tuesday, “I can foresee, in the next 10, 20 years, the use of the bicycle becoming explosive.”

In fact Taiwanese manufacturers have seen a rising trend already.

Bicycle exports from the island rose 10 percent in 2015, reaching a total value of US$1.89 billion, compared with US$1.72 billion in 2014, the TBA reported.

Exports of complete bicycles grew to 3.995 million units last year, up from 3.75 million units in 2014. The 6.5 percent increase represented a rebound from two previous years of decline, according to the TBA.

Unit prices rose 3.3 percent from US$459 in 2014 to US$474.02 last year. Overall, unit prices have skyrocketed by nearly 25 percent since 2011, indicating that the Taiwanese industry continues to meet its goal of producing high-end products, the TBA said.

Mountain bikes were the star of the export show. The TBA said 1,114,000 units were shipped in 2015 at a value of US$763 million; road bikes were second at 911,000 units, or US$652 million; and city bikes represented 585,000 units, or US$155 million.

The European Union remains Taiwan’s top export market, taking in 55 percent of all complete bikes, with North America the No. 2 market at 21.8 percent.

Taipei Cycle has worked with the Cycling & Health Tech Industry R&D Center, which oversees the International Bicycle Design Competition (IBDC), to design a joint showcase.

Shows held concurrently with Taipei Cycle this year includes the Taipei Int'l Sporting Goods Show (TaiSPO), Taiwan Int'l Diving and Water Sports Show (DiWaS), and Taipei Int’l Sports Textile & Accessory Expo (SpoMODE).

TaiSPO showcases outdoor sport products, sports balls, massage products, and miscellaneous products.

DiWaS is a showcase of innovative water sports products; while SpoMODE exhibits sportswear, fabrics and accessories such as sports bags and backpacks.