HS Code:
The category 'Bicycles having both wheels not exceeding 63.5 cm in diameter' (HS Code: 8712.00.20) primarily includes children's bicycles and certain specialty bikes with smaller wheel sizes. These bicycles are designed for younger riders or specific recreational purposes, distinguishing them from standard adult bicycles. This category plays a significant role in the global bicycle market, catering to family-oriented demand and emerging markets with high youth populations. Trade in this category is influenced by manufacturing costs, safety regulations, and consumer preferences for affordable and durable products.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
Average Rate
8.5%
Highest Rate
30% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand in emerging markets
Increased exports to Africa and South Asia due to growing young populations and urbanization, driving demand for affordable children's bicycles.
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials and production processes, influencing consumer preference and potentially increasing costs.
2022
Impact of e-commerce growth
Online sales platforms have boosted accessibility, allowing smaller manufacturers to reach global markets, though logistics costs remain a challenge.
2020-2022
The European Union extended anti-dumping duties on Chinese bicycle imports, including children's bicycles, to protect local manufacturers.
June 2023
Increased costs for importers in the EU, potentially shifting sourcing to other countries like Vietnam or Taiwan.
The US Consumer Product Safety Commission introduced stricter safety guidelines for children's bicycles, focusing on lead content and structural integrity.
March 2023
Manufacturers exporting to the US must adapt to compliance costs, potentially reducing profit margins or increasing prices.
Global supply chain issues, including port delays and raw material shortages, have affected the production and delivery of bicycles in this category.
Throughout 2022
Higher shipping costs and delayed deliveries have led to temporary market shortages in key regions like North America and Europe.