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20.06.2022 Bulgaria on the world map for bicycle production
The bicycle was created by the German aristocrat Karl von Drais in 1813. By 1899, there were one million bicycles in the world. Today, more than 100 million units are sold worldwide each year. The bicycle is a "green" vehicle with both healthy, transport and sports functions. What determines it is the manpower drive, which is preserved for the Electrically powered assisted cycles (EPAC) created in 1998 in the EU. The electric motor has a limited power of up to 250 watts, helping only up to 25 km / h and only if one turns the pedals. With EPAC, the electrical part cannot run on its own. It only helps and facilitates the cyclist. There is a world standard BDS / EN / ISO 4210 for classic mechanical bicycles. For EPAC there is only a European standard BDS / EN 15194. Bulgarian bicycle exports for 2021 total a total of nearly 481 million euros for nearly 775 thousand bicycles. The value of imported components (this is the practice of all European and world producers) is more than two thirds of these exports. Between five and eight EU countries account for more than 90% of Bulgarian exports in euros and the number of bicycles. Bulgaria is on the third position among the EU27 exporters for EPAC and on the seventh position for the bicycles for 2021. The production and export of bicycles is a structurally defining Bulgarian industry. A sectoral export strategy would contribute significantly to its sustainability and development. EU-wide exports for 2021 are worth nearly € 9.2 billion for nearly 13 million bicycles. The ratio is that every two EPACs have 5-wheel exports, but EPACs account for almost 80% of the EU27's export value. This sector is developing mainly because of the equality of all world producers, protected by trade defense measures in accordance with WTO rules. The recent crisis in energy prices and the cost of living has exacerbated the socio-economic inequalities uncovered by the COVID-19 pandemic. Difficulties in the supply chain create additional pressure, hamper both the various sectors of industry and decarbonisation efforts, and raise questions about security of energy and raw material supply and independence from imports. Another major shortage we face is skilled workers. Attracting and retaining workers in changing sectors is a huge challenge. This environment existed before the war in Ukraine, but has been exacerbated by it. All this is happening in the conditions of green and digital transition. There are national sectoral Velo strategies that are good to learn from. Germany has its own plan - National Cycling Plan 3.0; France has a report of an MP from January 2022 Economic Sector of the Bicycle in the volume of 82 pages with 10 measures and 63 proposals, which are practically applicable to a large extent for Bulgaria; USA - The Global Bicycle Market - A Comprehensive Plan to Re-Shore the US Bike and E-Bike Industry from November 2021 in a volume of 24 pages with a 10-point plan on how to make this happen, also largely applicable in Bulgaria . The strategic decision is to create a national Bulgarian sector strategy for the production and export of bicycles for sustainability and development in the coming years. The first step may be the "laboratory" analysis with the specific figures from the last five years, according to the attached tables: The data on the export and export potential of Bulgaria are structured in 8 tables and can be provided by the Author with a request to the address: bic@bia-bg.com
Sofia, June 2022 Society - all analyses 07.10.2025: Bulgarian foreign trade for the period 2015 – 2025 15.05.2025: Bulgaria in numbers (2014-2024): FOOD AND BREAD 30.01.2025: Foreign trade turnover of Bulgaria for the last 21 years of the 21st century 14.01.2025: Trade in goods between Bulgaria and Brazil over the past ten years 07.01.2025: Trade in goods between Bulgaria and Italy over the last ten 2004 – 2023 years 06.11.2024: Trade in goods between Bulgaria and Germany in the last ten years 26.09.2024: Trade in goods between Bulgaria and Turkiye during last ten years 16.09.2024: 25 years of "Business Industry Capital" 25.06.2024: DF Advance Invest - 20 years 20.05.2024: The Balkan milk balance 26.02.2024: 25 Leading Product Groups of Bulgarian Exports (2019-2023) 14.02.2024: Bulgaria Gradually Disappearing from the International Wine Market 24.01.2024: Trade in goods and services of Bulgaria and the EU27 in recent decades 12.12.2023: Bulgaria's foreign trade profile in metals trade 01.12.2023: Bulgaria has become a net importer of basic beverages as well 10.11.2023: Bulgaria is persistently and alarmingly self-INsufficient in basic foods 03.08.2023: The Ministry of Finance has imposed a new administrative burden on business 02.08.2023: Today we present to you no. No. 6000 of "Business Industry Capitals" - just a good start! 11.07.2023: Who would win if the state obliges employers to pay wages by bank transfer? 28.06.2023: The hardware market in Bulgaria 2023q1: for the second year below GDP growth. Which products increased turnover, which sank? 22.05.2023: The path to success in professional training and consulting: 20 years BIC Capital Market Ltd. - exclusive representative for Bulgaria of REFA-Germany for training and consulting in the field of optimization of production processes 23.02.2023: What does artificial intelligence (AI) answer to questions about the Minimum Wage (MW) in Bulgaria? 06.02.2023: The minimum wage should exceed the maximum wage :) 11.01.2023: The foreign trade stock turnover of Bulgaria and the EU27 (2002-2021) - achievements and challenges 11.10.2022: It`s more important not who but how is the Fund of Funds managed 13.07.2022: The top 50 world steel producers 20.06.2022: Bulgaria on the world map for bicycle production 26.05.2022: Bulgaria is among the largest exporters of cheese in the world 18.05.2022: Bulgarian exports of essential oils (2017-2021) 08.04.2022: 30 years since the first stock exchange session in Bulgaria - April 8, 1992 21.02.2022: Imports of milk powder in Bulgaria are the same as those of Serbia, Greece, Romania and Switzerland combined 16.02.2022: Scale, structure and foreign trade European integration of the Balkan countries 07.04.2021: The digital society in Bulgaria 2021 - what is the reality? 30.09.2011: Schengen: a barometer for measuring failure at both national and European level 14.04.2011: Investments in knowledge: a luxury or a necessity? 01.07.2010: Is Bulgaria ready for Schengen? 10.06.2010: Will the economic potential of the Black Sea region remain a distant perspective for Bulgaria? 27.05.2010: Vague government priorities: a barrier to Bulgarian foreign policy? 15.05.2010: What is missing in the “anti-crisis” recipe? 22.04.2010: Is the new reform in Bulgarian higher education radical enough? 15.04.2010: Is giving up on ERM-2 a step backwards for Bulgaria? 18.03.2010: The EU is planning for “Smart growth” in Strategy 2020- Bulgaria is cutting its innovation, technology and education budget 04.03.2010: Bulgaria, Romania and Danube Bridge 2 - a chance for economic development, not rivalry 18.02.2010: The crisis in Greece- a crisis for the European Union? 04.02.2010: The Borisov-Erdogan meeting- a new momentum for "Nabucco"? 28.01.2010: Did the EU fail in Haiti? 21.01.2010: The Gulf of Aden and the challenges before Europe 14.01.2010: Bulgaria and the Spanish presidency 07.01.2010: 2010: under the mark of unemployment 10.12.2009: The new Bulgarian commissioner portfolio- defeat, reality or a potential possibility? 03.12.2009: The necessity of a clear and effective “green” strategy 26.11.2009: Europe chooses, Bulgaria agrees? 19.11.2009: Bulgaria’s chairmanship of the Organization of the Black Sea Economic Cooperation - a historic chance for collaboration 12.11.2009: Bulgarian foreign policy 2009-2013: between ambitions and reality 05.11.2009: Serbia’s European prospect- possibilities for economic cooperation and regional partnerships 29.10.2009: The Middle East: trade perspectives and challenges 23.10.2009: Bulgaria’s foreign and economic policy priorities torn between Europe and Russia 15.10.2009: Is Bulgaria ready for the Lisbon Treaty? 08.10.2009: Europe within Shahab-3 range - Teheran is giving mixed signals to the world 01.10.2009: G-20 takes the lead in tackling the crisis- the results remain to be seen 24.09.2009: Obama and the New Europe: will the MDS move eastward? 17.09.2009: Bulgaria-Greece and the Bourgas-Alexandropoulos dilemma 10.09.2009: EU sanctions: from carrots to sticks 03.09.2009: The Bulgarian troops in Afghanistan- duty in times of crisis 27.08.2009: CIS without Georgia- a new challenge or PR for Tbilisi? 20.08.2009: The rights of Bulgarians in the Republic of Macedonia - a case on the Sofia-Brussels-Skopje axis 13.08.2009: Bulgarian energy policy: at a crossroad or a dead end? 07.08.2009: Analysis of the found irregularities in the tender documentation, process and procedures for evaluation and publicity of projects under the schemes of OP Competitiveness 06.08.2009: Bulgarian participation in the Iraq War- interests, necessity or partnership? 30.07.2009: Bulgarian-U.S. relations: East-West or straight ahead 23.07.2009: The Nabucco Agreement: discourse and reality in Bulgarian-Russian Relations 16.07.2009: The new Bulgarian foreign policy:
Gaining trust requires clear goals and more practicality 09.07.2009: Voters postpone expectations for a more social Europe 02.07.2009: EPP- responsibility for EU's future and a possibility for Bulgaria |
Archive |
| Commentary column |
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Bulgarian foreign trade for the period 2015 – 2025 07.10.2025
Bulgaria in numbers (2014-2024): FOOD AND BREAD 15.05.2025
Foreign trade turnover of Bulgaria for the last 21 years of the 21st century 30.01.2025
Trade in goods between Bulgaria and Brazil over the past ten years 14.01.2025
Trade in goods between Bulgaria and Italy over the last ten 2004 – 2023 years 07.01.2025
Trade in goods between Bulgaria and Germany in the last ten years 06.11.2024
Trade in goods between Bulgaria and Turkiye during last ten years 26.09.2024
25 years of "Business Industry Capital" 16.09.2024
DF Advance Invest - 20 years 25.06.2024
The boom of e-shops in Bulgaria 01.02.2021
The development of the software business in Bulgaria - strategic for the country. 20.10.2020
Bulgaria - from the country of the roses to the country of the lavender 11.08.2020
The devastating effect of COVID-19 on EU foreign trade in 2020 30.07.2020
Bulgaria is among the world's leading manufacturers and exporters of bicycles in the world 23.07.2020
The leading export sectors of Bulgaria - electrical engineering, energy resources and machine building 30.06.2020
Bulgaria is among the 10 largest exporters in the world of precious metals (gold), crude copper, biodiesel and wheat 19.06.2020
From a major producer, Bulgaria is becoming an importer of fruits and vegetables 10.06.2020
Bulgaria's foreign trade - trends and anomalies 05.06.2020
Opinion of the Bulgarian Industrial Association on a draft Law for settling the relations related to the personal accounts for dematerialized securities kept in the central register of securities by Central Depository JSC, published by the Ministry of Fin 01.06.2020