Bicycle sales could rise 10-15% this year

Retail

Bicycle sales in Hungary could rise 10-15% this year, the head of bicycle makers and sellers association MKKSZ said in yesterday's issue of business daily Világgazdaság.

Róbert Sipiczki told the paper that demand grew about 30% during the year.

He added that "very few" suppliers could fill 100% of retailers' orders, while some producers "couldn't deliver even half of their promised products."

To meet demand, local bicycle sellers looked for new brands, mainly from neighboring markets in Bulgaria, the Czech Republic, Poland, and Slovakia, that could be shipped quickly.

Hungarian buyers spent on average HUF 150,000-160,000 for a new bicycle this year, about 10% more than in 2020, Sipiczki said.

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