Bicycle Tire Price in Angola - 2022
Contents:
- Bicycle Tire Price in Angola (CIF) - 2022
- Bicycle Tire Price in Angola (FOB) - 2022
- Bicycle Tire Imports in Angola
- Bicycle Tire Exports in Angola
Bicycle Tire Price in Angola (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $7.3 per unit, reducing by -1.5% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle tire import price increased by +43.2% against 2018 indices. The growth pace was the most rapid in 2015 when the average import price increased by 41% against the previous year. Over the period under review, average import prices hit record highs at $8.8 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($7.4 per unit), while the price for Namibia ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Angola (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $11 per unit, flattening at the previous year. In general, the export price faced a significant decline. The growth pace was the most rapid in 2021 when the average export price increased by 4% against the previous year. The export price peaked at $66 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Cuba.
From 2016 to 2022, the rate of growth in terms of prices for Cuba amounted to +76.9% per year.
Bicycle Tire Imports in Angola
After two years of decline, supplies from abroad of new pneumatic tyres for bicycles increased by 224% to 9.5K units in 2022. Over the period under review, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, bicycle tire imports surged to $69K in 2022. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bicycle Tire in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 8.8 | 0.6 | 27.2 | 46.8% |
| Germany | 9.7 | 15.0 | 7.5 | 21.8 | 31.0% |
| Portugal | 3.0 | 9.3 | 2.4 | 10.0 | 49.4% |
| Congo | 0.5 | 0.3 | 0.1 | 5.0 | 115.4% |
| United Arab Emirates | 1.4 | 0.8 | 0.1 | 3.4 | 34.4% |
| Namibia | 0.6 | 0.2 | 0.2 | 0.4 | -12.6% |
| India | 11.8 | 2.6 | 0.2 | N/A | -87.0% |
| Others | 12.1 | 3.7 | 10.5 | 1.0 | -56.4% |
| Total | 47.7 | 40.8 | 21.6 | 68.9 | 13.0% |
Top Suppliers of Bicycle Tire to Angola in 2022:
- China (3.7K units)
- Germany (3.0K units)
- Portugal (1.4K units)
- Congo (0.7K units)
- United Arab Emirates (0.5K units)
- Namibia (0.2K units)
Bicycle Tire Exports in Angola
In 2022, shipments abroad of new pneumatic tyres for bicycles decreased by -64.3% to 15 units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 1,875% against the previous year. As a result, the exports reached the peak of 79 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, bicycle tire exports fell sharply to $166 in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,704%. As a result, the exports attained the peak of $848. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Bicycle Tire in Angola (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 2.0 | 36.0 | 145 | 166 | 336.2% |
| Democratic Republic of the Congo | 45.0 | 622 | 125 | N/A | 66.7% |
| United States | N/A | N/A | 123 | N/A | 0% |
| South Africa | N/A | 178 | N/A | N/A | 0% |
| Italy | N/A | N/A | 57.0 | N/A | 0% |
| Others | N/A | 12.0 | 19.0 | N/A | 58.3% |
| Total | 47.0 | 848 | 469 | 166 | 52.3% |
Top Export Markets for Bicycle Tire from Angola in 2022:
- Cuba (15.0 units)
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