Mexico's rising bicycle demand boosts imports from China

31-03-2015

MEXICO CITY, Mar. 29 (Xinhua) -- Mexico's growing demand for bikes in recent years has attracted Chinese bicycle firms to enter Mexican market.
  According to data released by Mexican authorities, there has been a fourfold increase in imports of bicycles in Mexico, that is, from 75,774 units in 2010 to 318,272 units in 2014.
  Moreover, Mexico's bicycle imports have also grown by six times in value from 6.2 million U.S. dollars in 2010 to 39.2 million in 2014.
  China can be described as a big winner in this rapidly growing market. Data showed that China is Mexico's largest supplier of bicycle. It is said that about 90 percent of Mexico's imported bicycles came from China.
  Benetto is a well-known bicycle chain store in Mexico. Although the chain brand is from Italy, the bikes sold there are mostly from China.
  According to the manager of Benneteau University Avenue store, the parts and components of the bikes sold in the store are imported from China, and assembled in Mexico. Sales of the store rose by about 10 percent last year.
  "A lot of parts are imported from China, since the use of parts made in Mexico will raise costs," said the manager whose first name is Enrique.
  The Mexican government has for years taken various measures to encourage the use of bicycles in transportation in a bid to reduce congestion and carbon emissions.

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