Sporting Life- Sports, Exercise Blog

Asia’s largest bike show expects to generate US$300 million in business (update) | Sports Trade Show

Posted on: March 20, 2013

Taipei, March 20 (CNA) Asia’s largest bike show opened Wednesday in Taipei, attracting over 1,000 exhibitors who are expected to generate over US$300 million in business, organizers said.

The Taipei International Cycle Show has attracted 1,103 exhibitors from 36 countries, over a quarter of whom are foreign exhibitors, Wang Chih-kang, chairman of the Taiwan External Trade Development Council (TAITRA), said at the opening ceremony of the show.

A total of 7,000 international buyers are estimated to attend the show that will run till March 23, he said.

“Taiwan has become the supply center of the world’s high-end bicycles,” he said, highlighting the country’s strength in the research, development and branding of bicycles.

The export value of Taiwanese bicycles reached US$1.8 billion in 2012, up 8.68 percent from a year earlier, while the total export value of bicycles and bicycle parts touched US$2.73 billion in 2012, an increase of 11.74 percent from the previous year, according to TAITRA, Taiwan’s main trade promotion body.

Taiwan also exported 94,200 bikes valued at US$45.29 million to China last year, a significant growth of 179 percent and 158 percent, respectively, from 2011, TAITRA said.

Wang attributed the growth to a reduction of tariff barriers in bicycle trade since the 2010 Economic Cooperation Framework Agreement between Taiwan and China took effect.

He said the Taipei bike show is currently Asia’s largest and among the top three in the world, and expressed hope that the show will become the world’s largest, after construction is completed on a new exhibition hall near the current venue at the Taipei World Trade Center Nangang Exhibition Hall.

He added that the show is also expected to boost business in the tourism, transportation and communications sectors.


Anthony Lo, chairman of the Taiwan Bicycle Exporters’ Association, said Taiwan should continue its efforts to become a “cycling island” by continuing to research and develop high-quality bike products, improving its cycling environment and transforming its cities into low carbon cities.

Currently, over 25,000 people use the Youbike system — a bike rental system in Taipei — every day, Lo said, adding that the number of bikes under the program is expected to increase from around 1,500 to over 5,500 by July this year, benefiting over 10 million riders in the city each year.

Youbike was launched by the Taipei city government in 2009 and allows registered users to use their “Easy Card” prepaid transport cards to rent the bikes for free for the first half hour of rental, after which they are charged.

Vice President Wu Den-yih said the government is determined to support Taiwan’s bicycle industry and urged the Ministry of Economic Affairs to accelerate the construction of the new exhibition hall.

The four-day show will showcase a diverse range of bicycles, bicycle accessories, sportswear and other bicycle and sports-related products.

Forums will also be organized to discuss the latest breakthroughs in motors, batteries and emerging market trends and how to transform Taiwan into a “cycling island.”

An international expo showcasing sports textiles and accessories will also be held March 20-23 in Taipei, while an international sporting goods show and an international diving and water sports show will take place March 19-22.

At the opening ceremony, Wu also presented awards to the four gold award winners of the Taipei Cycle d&i awards, jointly organized by TAITRA and Taiwan Bicycle Exporters’ Association and executed by iF International Forum Design GmbH for the second time.

The gold award winners include an innovative full carbon wheel set, a cycle shoe insole, child’s bicycle seat and bicycle brake caliper.

The annual event, now in its 26th year, will take place at the Taipei World Trade Center Nangang Exhibition Hall and Hall 1.

(By Christie Chen)

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