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Podcast: Business Daily
Episode: How Portugal is cycling to success
Description: The global bicycle market is set to grow by 5% every year over the next decade. Demand has been rising, particularly since the start of the coronavirus pandemic as people look for an alternative to crowded public transport. Concern for climate change and rising fuel prices have also helped to push people onto bikes.
Portugal is the biggest bicycle manufacturer in Europe. According to Eurostat, it produced 2.9 million bicycles in 2021, with exports generating around 594 million euros - almost 610 million US dollars - and sales are up 49% this year. The Secretary General of the industry group Abimota, Gil Nadais...