Cambodia’s bicycle exports rise 21% despite Covid-19 restrictions
Cambodia’s bicycle exports increased by 21 per cent in value from January to October 2021 as compared to the same period in the previous year, Cambodia’s commerce ministry recently reported. The total export value grew to $514 million, with European countries being the largest importers, the ministry said.
Nonetheless, Southeast Asia’s largest bicycle producer and exporter has apparently been losing market share in Europe in the period.
According to the latest available European Union (EU) custom figures, the import volume of Cambodian bicycles from January to August 2021 decreased by 15 per cent to 753,587 units.
This means that Cambodia has either been expanding its business to other markets outside the EU or there was an increase in average export prices in the period, both of which the ministry did not specify and only noted that the US, UK, Europe, Canada, the Association of Southeast Asian Nations (ASEAN), Japan, China and South Korea remain the country’s main export partners.
Notably, the ministry said that the Covid-19 pandemic had “little negative side effects on bicycle exports.”
Six bicycle plant in southeastern province; electric bike factory planned
Most of the bicycle manufacturing plants in Cambodia are investments by Taiwanese enterprises and are located in special economic zones around Bavet town in the southeastern province of Svay Rieng which borders Vietnam. According to the ministry, six bicycle factories are operational in Svay Rieng.
The country’s focus on regular bicycles is expected to change with the recent announcement of the construction of a factory dedicated to electric bikes, according to a report in the Phnom Penh Post.
German bicycle manufacturer Leisger plans to start production of electric bikes, batteries and other components in Svay Rieng’s special economic zones. The Council for the Development of Cambodia has already approved a final registration certificate for Leisger Cambodia’s $13-million venture which is expected to create over 250 jobs, the report said.
Cambodia’s bicycle exports increased by 21 per cent in value from January to October 2021 as compared to the same period in the previous year, Cambodia’s commerce ministry recently reported. The total export value grew to $514 million, with European countries being the largest importers, the ministry said. Nonetheless, Southeast Asia’s largest bicycle producer and exporter has apparently been losing market share in Europe in the period. According to the latest available European Union (EU) custom figures, the import volume of Cambodian bicycles from January to August 2021 decreased by 15 per cent to 753,587 units. This means that Cambodia...
Cambodia’s bicycle exports increased by 21 per cent in value from January to October 2021 as compared to the same period in the previous year, Cambodia’s commerce ministry recently reported. The total export value grew to $514 million, with European countries being the largest importers, the ministry said.
Nonetheless, Southeast Asia’s largest bicycle producer and exporter has apparently been losing market share in Europe in the period.
According to the latest available European Union (EU) custom figures, the import volume of Cambodian bicycles from January to August 2021 decreased by 15 per cent to 753,587 units.
This means that Cambodia has either been expanding its business to other markets outside the EU or there was an increase in average export prices in the period, both of which the ministry did not specify and only noted that the US, UK, Europe, Canada, the Association of Southeast Asian Nations (ASEAN), Japan, China and South Korea remain the country’s main export partners.
Notably, the ministry said that the Covid-19 pandemic had “little negative side effects on bicycle exports.”
Six bicycle plant in southeastern province; electric bike factory planned
Most of the bicycle manufacturing plants in Cambodia are investments by Taiwanese enterprises and are located in special economic zones around Bavet town in the southeastern province of Svay Rieng which borders Vietnam. According to the ministry, six bicycle factories are operational in Svay Rieng.
The country’s focus on regular bicycles is expected to change with the recent announcement of the construction of a factory dedicated to electric bikes, according to a report in the Phnom Penh Post.
German bicycle manufacturer Leisger plans to start production of electric bikes, batteries and other components in Svay Rieng’s special economic zones. The Council for the Development of Cambodia has already approved a final registration certificate for Leisger Cambodia’s $13-million venture which is expected to create over 250 jobs, the report said.
