Bicycle Imports Up in February, Down in March
After a record run from September to December last year, for the first three months of 2015 bicycle imports into Australia are now fluctuating around more average levels.
January was down slightly, February up slightly and now the latest figures just released show that March was down.
A total of 66,693 bicycles were imported in February 2015, comprising 18,178 children’s bikes and 48,515 adult bikes.
This is a higher monthly total than any of the previous four years and up by just over 11,000 on February 2014.
March imports were down to just 40,900 units. This is down on March for all of the previous five years, with the total for March 2014 being 47,212. The break down for March 2015 was 12,028 children’s bikes and 28,872 adult bikes.
Total bicycle imports for the first nine months of the 2014/15 financial year now equal 1,140,599 bicycles. This is higher than the first eight months of all previous financial years except two years ago. It compares to 1,309,009 bicycles for the first eight months of the 2013/14 financial year, but is slightly down on the previous record year of 2012/13, when 1,416,413 bicycles were imported in the first nine months.
Children’s bikes are growing more strongly than adult bikes, so far this financial year.
As well of the volume of bicycles imported gradually growing over recent years, the average unit value has also grown, with slight annual fluctuations, from $126.94 in 2007 to $181.97 in 2014. This is a 43.3% increase in dollar terms. Allowing for a consumer price index (CPI) growth of 3% per year on average (not the exact figure) then eight years compound growth equals a 26.6% increase for the same period, so average bicycle values have grown slightly in real terms.
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.