Portuguese industry reports hiking export levels
AGUEDA, Portugal – The joint booth of the Portuguese bicycle industry at Eurobike last week reflected the positive vibe of the country’s industry. A prototype on display was entirely built with high-end components, which except for the tyres were all ‘made in Portugal’. At the same time, ABIMOTA, announced a record export level for May.
According to the Portuguese industry organisation ABIMOTA, the total export value of the e-bike and bicycle industry came close to €80 million, a record.
The country’s industry is well on track to surpass 2021 sales.
The industry gathered in the Portugal Bike Value already reported a flying start in 2022 with sales value up 49% to nearly €110 million in January and February combined. At that time, ABIMOTA also expected that last year’s record sales of €594 million will be surpassed once again in 2022. The record export level of May clearly shows that the country’s industry is well on track to surpass 2021 sales.
Cooperation in joint booth
The Portugal Bike Value stand at Eurobike was once again an important show case of the country’s leading position in the production of bicycles and components. “The importance of participating in an event like this is obvious for us,” said João Miranda, president of ABIMOTA.
“We are holding a strongest position at the moment in terms of bikes and components, and this joint booth creates a lot of synergies among participating companies. This is the biggest tradefair in Europe and probably in the world. All these synergies, all this collaboration between everyone is very important to sell the “made in Portugal” mantra.
“Currently our country is internationally recognised as the largest bicycle manufacturer in Europe, but also as a source of quality. For us Eurobike is the place to be, because this is where we find customers, we have new contacts and we can further cement our position,” said ABIMOTA vice-president Vital Almeida.