Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Norway - 2024

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Norway (CIF) - 2022
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Norway (FOB) - 2022
3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Norway
4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Norway

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Norway (CIF) - 2022

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $56,746 per ton in 2022, increasing by 4.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 9.6% against the previous year. The import price peaked at $59,937 per ton in 2012; however, from 2013 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 Italy ($178,535 per ton), while the price for the Philippines ($8,417 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Norway (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $48,089 per ton, shrinking by -25.4% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 56% against the previous year. The export price peaked at $114,580 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($203,273 per ton), while the average price for exports to Sweden ($38,349 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Norway

After three years of growth, supplies from abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -20% to 72 tons in 2022. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 37%. As a result, imports reached the peak of 90 tons, and then declined markedly in the following year.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves plummeted to $4.1M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, imports reached the peak of $4.9M, and then dropped significantly in the following year.

Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Norway in 2022:

1. Taiwan (Chinese) (27.6 tons)
2. Malaysia (20.0 tons)
3. Japan (7.0 tons)
4. China (5.9 tons)
5. Philippines (2.3 tons)
6. France (1.6 tons)
7. Indonesia (1.5 tons)
8. Italy (1.1 tons)

Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Norway

In 2022, the amount of cycles; parts, pedals and crank-gear, and parts thereoves exported from Norway soared to 2.9 tons, surging by 99% against the year before. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 180% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves skyrocketed to $139K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Norway in 2022:

1. Sweden (2617.0 kg)
2. Denmark (109.0 kg)
3. Germany (66.0 kg)
4. Netherlands (24.0 kg)

Source: IndexBox Market Intelligence Platform