July 04, 2018 (Taipei, Taiwan) – Taipei Cycle 2018, to be held this year from October 31 to November 3 at the Taipei World Trade Center (TWTC) Nangang Exhibition Halls 1 and 3, bears witness to the transformations of the Taiwan cycling industry over the past three decades. Taiwan has become among the top three suppliers of bicycles in 73 countries in terms of market share, as well as the global leader in the supply chain. Meanwhile, Taiwan External Trade Development Council (TAITRA), the organizer of Taipei Cycle, has grown the leading Asian cycling show into one of the top three cycling trade fairs in the world. Taipei Cycle, harnessing the competitiveness of the Taiwan cycling industry, now serves as the platform for leading the industry worldwide in research and development.

Mr. Walter Yeh, the President of TAITRA, emphasizes in a press conference in Taipei today that the export of Taiwan cycles and cycle parts continues to climb to new heights as the Taiwan cycling industry innovates to meet the demands of in different market segments. For January through April this year, the average price for bicycles exported from Taiwan has reached USD 588 per unit. With e-bikes leading the trend in the development of the cycling industry worldwide, Taiwan’s exports of e-bikes have grown 55% during this period, amounting to USD 113 million, with the average unit price at USD 1,394.25.

Ms. Gina Chang, Secretary-General of the Taiwan Bicycle Association (TBA), states that although the global cycling industry faces many challenges, the Taiwan cycling industry maintains a technical advantage in the development of high-end products such as e-bikes, and is capable of responding rapidly to market changes. Undergirding these successes, as Mr. Yeh affirms, is the fruitful and longstanding collaboration between TAITRA and TBA.

In the last TBA board meeting in June, the directors unanimously agreed to return the date of Taipei Cycle to March for the next three years (2019 through 2021), so that Taipei Cycle can maintain its position as the leading cycling show in the calendar year. This adjustment will both showcase the innovation of Taiwan manufacturers and set the stage for the worldwide cycling industry.