Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK (CIF) - 2022
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK (FOB) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK (CIF) - 2022
The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $42,128 per ton in 2022, picking up by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The import price peaked at $44,253 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($116,367 per ton), while the price for China ($13,501 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), 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 the UK (FOB) - 2022
The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $109,440 per ton in 2022, jumping by 19% against the previous year. In general, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 108%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($256,049 per ton), while the average price for exports to China ($21,917 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 South Africa (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK
In 2022, purchases abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -19.3% to 830 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves shrank slightly to $35M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 11.4 | 11.4 | 15.7 | 17.9 | 16.2% |
| Japan | 2.5 | 4.2 | 3.1 | 4.9 | 25.1% |
| Italy | 3.8 | 2.3 | 1.8 | 3.7 | -0.9% |
| Malaysia | 2.6 | 4.3 | 3.3 | 3.1 | 6.0% |
| France | 3.2 | 3.4 | 4.2 | 1.2 | -27.9% |
| China | 0.8 | 0.7 | 0.9 | 1.2 | 14.5% |
| Indonesia | N/A | N/A | N/A | 0.5 | 0% |
| Germany | 1.2 | 2.5 | 0.9 | 0.3 | -37.0% |
| Belgium | 1.7 | 1.4 | 1.1 | N/A | -19.6% |
| Luxembourg | 0.4 | 0.6 | 0.1 | N/A | -50.0% |
| Netherlands | 1.2 | 1.0 | 0.6 | N/A | -29.3% |
| Others | 3.1 | 3.4 | 3.4 | 2.0 | -13.6% |
| Total | 31.7 | 35.1 | 35.2 | 35.0 | 3.4% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to the UK in 2022:
- Taiwan (Chinese) (370.5 tons)
- Italy (107.4 tons)
- China (86.1 tons)
- Malaysia (75.8 tons)
- Japan (57.5 tons)
- Indonesia (32.4 tons)
- France (26.9 tons)
- Germany (25.5 tons)
- Netherlands (0.6 tons)
- Belgium (0.1 tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK
In 2022, overseas shipments of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -2.8% to 38 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, the exports attained the peak of 253 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves soared to $4.2M in 2022. In general, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, the exports attained the peak of $11M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 114 | 295 | 488 | 1,078 | 111.5% |
| Netherlands | 344 | 393 | 938 | 1,008 | 43.1% |
| France | 1,312 | 1,126 | 232 | 356 | -35.3% |
| Germany | 1,620 | 2,467 | 418 | 236 | -47.4% |
| Hong Kong SAR | 1.2 | 27.8 | 56.7 | 173 | 424.4% |
| Ireland | 1,054 | 1,518 | 289 | 124 | -51.0% |
| Australia | 75.3 | 78.1 | 92.9 | 119 | 16.5% |
| Switzerland | 29.8 | 70.3 | 57.3 | 86.8 | 42.8% |
| South Africa | 22.5 | 5.7 | 36.3 | 84.6 | 55.5% |
| United Arab Emirates | 12.0 | 59.8 | 49.7 | 65.9 | 76.4% |
| New Zealand | 35.1 | 19.3 | 73.9 | 40.2 | 4.6% |
| China | 6.2 | N/A | 1.7 | 26.3 | 61.9% |
| Denmark | 409 | 351 | 61.9 | 25.7 | -60.2% |
| Others | 3,998 | 4,854 | 857 | 786 | -41.9% |
| Total | 9,034 | 11,264 | 3,653 | 4,209 | -22.5% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from the UK in 2022:
- Netherlands (8.5 tons)
- France (7.9 tons)
- United States (4.2 tons)
- Ireland (3.1 tons)
- Germany (1.7 tons)
- Hong Kong SAR (1.3 tons)
- China (1.2 tons)
- United Arab Emirates (1.1 tons)
- South Africa (0.9 tons)
- Australia (0.8 tons)
- New Zealand (0.8 tons)
- Denmark (0.7 tons)
- Switzerland (0.6 tons)
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