HS Code:
The category 'Disc brakes designed for bicycles, and parts thereof' under HS Code 8714.94.90 includes mechanical and hydraulic disc brake systems specifically engineered for bicycles, as well as their components such as rotors, calipers, and mounting hardware. These products are critical for bicycle safety and performance, widely used in mountain bikes, road bikes, and e-bikes due to their superior stopping power and reliability in various weather conditions. Global trade in this category is driven by the growing popularity of cycling as a sport, commuting option, and eco-friendly transportation mode.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$450 million USD
37.5% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Increasing
$80 million USD
6.7% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for e-bikes
Increased need for high-performance disc brakes suited for heavier and faster e-bikes, driving innovation and market growth by 15% annually.
2021-2023
Shift towards lightweight materials
Manufacturers are adopting carbon fiber and advanced alloys for rotors and calipers, increasing production costs but appealing to premium market segments.
2022
Sustainability in manufacturing
Growing consumer preference for eco-friendly production processes is pushing companies to adopt greener supply chains, impacting pricing and brand positioning.
2023
The European Union extended anti-dumping duties on certain bicycle components, including disc brakes, from China to prevent market distortion and protect local manufacturers.
March 2023
Increased costs for EU importers relying on Chinese suppliers, potentially shifting sourcing to Taiwan or Vietnam.
Shimano, a leading Japanese manufacturer, introduced a new line of lightweight hydraulic disc brakes for road bikes, targeting the growing competitive cycling market.
June 2023
Strengthens Japan's position in the premium segment, likely increasing export volumes to North America and Europe.
Recent negotiations under the US-China Phase One trade agreement have reduced tariffs on certain bicycle components, including disc brakes, benefiting US importers.
September 2023
Expected to boost import volumes from China to the US, potentially increasing market competition and lowering retail prices.