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Unlike the ICT industries, where the more money you put into it probably the average price is reducing, in the cycling industry it s a different case, Lee said.
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Lee drew a comparison with Taiwan s large information and communications technology sector (ICT), where prices are continually falling. At the opening ceremony, Taiwan s minister of economic affairs, Chih-Kung Lee, praised the bike industry for its ability to continually drive up the per-unit value of the products it exports. Exports in each category surged by 34 percent, and together they accounted for nearly $35 million in revenue. Two categories of bicycle parts also gave the Taiwanese manufacturing industry some relief: lights and derailleurs. Last year, Taiwan exported 132,000 electric bikes, up from 83,000 in 2015 a significant increase that boosted its price per unit. However, the price per unit rose to $ from $ The industry can thank the global e-bike boom for keeping things from getting a lot worse. 2 market, unit exports fell to 606,000 in 2016 from 836,000 in By value, the decline was $434.8 million from $584.9 million. The average price per unit increased, however, to $ from $ For North America, Taiwan s No. The EU brought in 1.62 million Taiwan bikes in 2016 compared with 2.2 million in The total value of EU-bound bikes fell to $609.9 million from $768.7 million. Taiwan President Ing-Wen Tsai addressed Wednesday s opening ceremonies for Taipei Cycle sharpest unit declines.
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Exports to the European Union, which account for more than half of Taiwan s total exports, posted the Giant CEO Young Liu (left) and Merida CEO Michael Tseng, who is also chairman of the Taiwan Bicycle Association, give a thumbs up after Wednesday s opening ceremony. Tseng pointed to breakthroughs in e-bike batteries, and the industry s progression into smart technologies, as bright spots for By the numbers, complete bicycle exports fell 21.7 percent in units, to 2.94 million from 3.99 million and $410 million in value, to $1.48 billion from $1.89 billion, in 2016 compared with However, the price per unit rose by 6 percent to $ from $474.02, as Taiwan continues to expand production of high-value e-bikes. Irrespective of competition from Europe and Southeast Asia, we are still doing well. We saw a lot of competition in 2016 however, the Taiwanese cycling industry kept growing, said Tseng, who is also president and CEO of Merida, Taiwan s No. It maintained a level of exports that exceeded $1 billion for the fourth year in a row. Tseng noted there was good news as well, with Taiwan continuing to increase the average export price of its bicycles. Comments from Michael Tseng, chairman of the Taiwan Bicycle Association, referred to the challenges ahead for the industry, as it fights its way out of fairly grim export results for 2016 that saw a steep decline in units and dollars. We ve launched smart manufacturing projects that have included cycling, said Tsai, Taiwan s first female president. 12 New Products Here s the stuff you ought to see at the show On the cover: The youngest participant at Wednesday's IBDC Awards enjoys a moment in the spotlight For TaiSPO coverage turn to page 40 3Ĥ 4 Taipei Show Daily LIVE FROM THE SHOW Thursday, MaAt opening ceremony, President Tsai calls on bike industry to use its smarts Taiwan president Ing-wen Tsai opened Taipei Cycle Wednesday by pledging continued support for Taiwan s bicycle industry with an emphasis on smart manufacturing. 8 Cane Creek returns to suspension forks It made its first one back in 1991 for RockShox.10 In sync E-bike brands and motor developers get themselves together. 7 No so soft and cuddly CEO of biggest baby seat maker preps for desert MTB race. 6 Under new management Giant s new leadership team talks to the Show Daily. 4 VoxPop What is your business forecast for 2017?. Huang (left) takes a tour after the opening ceremony Table of Contents President calls for 'smarter' industry Taiwan President Tsai opens Taipei Cycle on Wednesday.
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3 Thursday, MaTODAY March 23 Taipei 20 0 C (68 0 F) Rain Showers Contact Us Here's how to reach the key staff of the Taipei Cycle and TaiSPO Show Dailies: Advertising Tom Kavanagh, Publisher Taipei Show Daily Editorial Doug McClellan, Editor-in-Chief TaiSPO Show Daily Editorial Barbara Smit, Editor TONIGHT 17 0 C (63 0 F) Rain Showers TOMORROW 23 0 C (73 0 F) Mostly sunny TAITRA Chairman James C.