Bicycle Imports for the month of April 2015 were significantly higher than for any April of the previous five years. A total of 76,437 bicycles were imported. This is up by over 56% on April 2014’s total of 48,816 bicycles.
Most of the growth was in adult bicycle imports, which were up from 31,755 last April to 52,393 this April. Children’s bicycle imports were up slightly from 17,061 to 24,044 units.
April’s strong figures have put the current financial year back on track to be the biggest ever in terms of the total number of bicycles imported into Australia.
With two months of figures remaining, the total so far is 1,216,996 bicycles. This is already more than the full financial year total for 2011/12 and just under the full financial year totals for 2009/10 and 2010/11.
The previous record financial year was 2012/13 during which 1,416,413 bicycles were imported. Comparing the first ten months of that financial year and the current one, we’re currently up by 36,179 units. But 2012/13 finished particularly strongly, so it’s still too early to predict that the current financial year will set a new all-time record.
Meanwhile the latest available value data is showing a decline in the average value of children’s bicycles imported and an increase in the average value of adult bicycles imported.
The latest available figures, for the quarter ending 31st December 2014, show an average value of $82.57 for children’s bikes and $228.44 for adult bikes. These figures reflect the landed cost, to which GST, wholesale and retail margins would need to be added to get average retail values.
These figures would also be significantly impacted by currency fluctuations and in particular the recent weakening of the Australian dollar, which will tend to push import values, as measured in Australian dollars, up.
Australian Customs collect bicycle import figures which are then collated by Bicycle Industries Australia (BIA). Full data including comparison tables and charts are made available to BIA members only. BIA has kindly permitted us to publish summary figures and commentary when each new month’s data is released.