Bicycle Tire Price in South Africa - 2023
Contents:
- Bicycle Tire Price in South Africa (CIF) - 2023
- Bicycle Tire Price in South Africa (FOB) - 2022
- Bicycle Tire Imports in South Africa
- Bicycle Tire Exports in South Africa
Bicycle Tire Price in South Africa (CIF) - 2023
In September 2023, the average bicycle tire import price amounted to $3.4 per unit, declining by -15.3% against the previous month. In general, the import price showed a deep downturn. The pace of growth was the most pronounced in December 2022 an increase of 162% month-to-month. As a result, import price attained the peak level of $11.4 per unit. From January 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($26.5 per unit), while the price for India ($2.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in South Africa (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $8.3 per unit, declining by -21.1% against the previous year. In general, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 42%. Over the period under review, the average export prices attained the maximum at $11 per unit in 2021, and then dropped notably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($27 per unit), while the average price for exports to Lesotho ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in South Africa
In 2022, approx. 645K units of new pneumatic tyres for bicycles were imported into South Africa; dropping by -46.6% compared with 2021 figures. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of 1.2M units, and then declined markedly in the following year.
In value terms, bicycle tire imports dropped sharply to $3.6M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. As a result, imports reached the peak of $4.3M, and then plummeted in the following year.
| Import of Bicycle Tire in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 890 | 603 | 1,330 | 1,275 | 12.7% |
| China | 1,117 | 673 | 1,152 | 690 | -14.8% |
| India | 507 | 304 | 729 | 400 | -7.6% |
| Thailand | 246 | 239 | 216 | 385 | 16.1% |
| Germany | 364 | 226 | 237 | 221 | -15.3% |
| Indonesia | 50.9 | 61.7 | 136 | 171 | 49.8% |
| Vietnam | 131 | 47.8 | 213 | 115 | -4.2% |
| Sri Lanka | 44.7 | 11.5 | 15.1 | 30.5 | -12.0% |
| Others | 236 | 175 | 283 | 292 | 7.4% |
| Total | 3,586 | 2,341 | 4,311 | 3,579 | -0.1% |
Top Suppliers of Bicycle Tire to South Africa in 2022:
- China (273.0K units)
- India (208.9K units)
- Taiwan (Chinese) (72.8K units)
- Thailand (23.0K units)
- Vietnam (21.5K units)
- Sri Lanka (13.2K units)
- Indonesia (11.4K units)
- Germany (9.1K units)
Bicycle Tire Exports in South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of new pneumatic tyres for bicycles, when their volume decreased by -23.6% to 23K units. Overall, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. As a result, the exports reached the peak of 30K units, and then fell markedly in the following year.
In value terms, bicycle tire exports dropped notably to $188K in 2022. In general, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. As a result, the exports attained the peak of $313K, and then shrank significantly in the following year.
| Export of Bicycle Tire in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 95.3 | 125 | 152 | 106 | 3.6% |
| Botswana | 40.9 | 33.0 | 41.3 | 25.5 | -14.6% |
| Swaziland | 32.7 | 18.8 | 18.6 | 16.3 | -20.7% |
| Mauritius | 2.3 | 1.6 | 4.6 | 14.9 | 86.4% |
| Zambia | 8.4 | 5.3 | 66.6 | 10.3 | 7.0% |
| Zimbabwe | 10.7 | 3.1 | 4.8 | 4.8 | -23.4% |
| Lesotho | 2.0 | 2.3 | 5.6 | 3.2 | 17.0% |
| Others | 7.8 | 15.2 | 19.0 | 7.1 | -3.1% |
| Total | 200 | 204 | 313 | 188 | -2.0% |
Top Export Markets for Bicycle Tire from South Africa in 2022:
- Namibia (11.6K units)
- Swaziland (5.2K units)
- Botswana (2.3K units)
- Lesotho (1.2K units)
- Mauritius (0.8K units)
- Zambia (0.4K units)
- Zimbabwe (0.4K units)
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