Import and export data
- Between 2012 and 2020, Mexico's bicycle imports have been growing steadily. In 2021, the import volume increased by more than 100% year-on-year, fell back in 2022, and will fall further in 2023.
- Mexico's bicycle imports mainly come from China, followed by Taiwan. In 2023, bicycle imports from China accounted for 93%.
- Mexico's bicycle exports have been less than 1% of imports for many years, and its production and manufacturing capabilities are relatively weak.
Production and sales data
- Mexico's local bicycle manufacturing capacity is extremely poor. In just six years, the total local bicycle production is less than 0.1% of the total sales. Bicycles are almost entirely dependent on imports. The tightened foreign trade policy does not seem to have promoted the local bicycle manufacturing industry.
- After reaching a peak in 2021, Mexico's bicycle sales began to decline for two consecutive years. In 2023, Mexico sold 771,574 bicycles, and sales continued to decline.
Segment data
- According to data from the past six years, adult models account for about 30% in Mexico, but these are far lower than the sales of children's bicycles. Data shows that Mexican users use bicycles more frequently during childhood, but most of them turn to other means of transportation after adulthood.
- In the Mexican market, sales of children's models have always accounted for a large proportion. The sales of children's bicycles peaked during the epidemic in 2021, and then entered the inventory clearance stage, and are in a continuous decline.
E-commerce data
- The prices of the best-selling adult bicycles in Mexico through e-commerce channels are mainly below 6,000 Mexican pesos (350 U.S. dollars), and the prices of children's bicycles are below 4,700 Mexican pesos (275 U.S. dollars), both of which are mainly in the medium and low price range.
The market share of children's bicycles in Mexico is huge and stable, followed by mountain bikes, and the market demand for these two models is greater.
The bicycle import policy has been tightened in the past two years, which is extremely unfriendly to my country's bicycle exports from a policy perspective. However, Mexico's local bicycle manufacturing industry is underdeveloped, so bicycle sales are still heavily dependent on imports.
As the largest bicycle importer in Mexico, our country should be minimally affected by the import policy.
As a rising star in China's bicycle manufacturing industry, Panda Group currently has established long-term and stable cooperative bicycle wholesalers in South America and North America. If you are also a purchasing staff in the bicycle industry, you can contact us to obtain the latest bicycle product catalog and quotation in 2024.
