A lack of raw materials is likely to push up the retail price of bikes between eight and ten per cent this year according to word coming out of this year’s Taipei International Cycle Show.
The shortage in butyl – used to make inner tubes – has resulted in a 42% price increase, with tyre prices as well as other components also set to increase.
Chinese steel plants which are due to close before and during the Olympics in order to reduce the air pollution are also likely to cause uncertainty within the bike industry. Their closure will result in a shortage of the steel upon which the industry still remains so dependent.
So, if the news coming out of the Far East is to be believed, you may not want to delay the purchase of that new bike very much longer.