Price for Cycles; Parts Thereof, Saddles in China - 2023

Price for Cycles; Parts Thereof, Saddles in China (FOB) - 2023

In June 2023, the average cycles; parts thereof, saddles export price amounted to $2.6 per unit, which is down by -6.3% against the previous month. Over the period under review, the export price showed a perceptible slump. The most prominent rate of growth was recorded in February 2023 an increase of 14% m-o-m. Over the period under review, the average export prices attained the maximum at $3.7 per unit in November 2022; however, from December 2022 to June 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6.2 per unit), while the average price for exports to Egypt ($873 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Cycles; Parts Thereof, Saddles in China (CIF) - 2023

The average cycles; parts thereof, saddles import price stood at $18.4 per unit in June 2023, which is down by -19.2% against the previous month. In general, import price indicated a temperate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cycles; parts thereof, saddles import price decreased by -19.2% against May 2023 indices. The pace of growth was the most pronounced in January 2023 when the average import price increased by 55% month-to-month. As a result, import price attained the peak level of $22.8 per unit. From February 2023 to June 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($65.8 per unit), while the price for Vietnam ($4.8 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cycles; Parts Thereof, Saddles in China

In 2022, exports of cycles; parts thereof, saddleses from China dropped significantly to 48M units, with a decrease of -40.2% on 2021. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 22%. Over the period under review, the exports hit record highs at 80M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cycles; parts thereof, saddles exports dropped markedly to $149M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports reached the peak of $205M, and then shrank significantly in the following year.

Export of Cycles; Parts Thereof, Saddles in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	10.6	10.9	19.6	14.9	12.0%
United States	6.7	10.8	19.9	10.6	16.5%
Germany	7.4	6.9	10.8	10.2	11.3%
Brazil	6.7	6.3	8.3	7.7	4.7%
Cambodia	3.6	5.4	8.2	7.0	24.8%
Netherlands	2.6	2.9	6.2	6.6	36.4%
Poland	2.2	2.5	4.4	5.6	36.5%
Indonesia	6.0	13.7	9.5	5.6	-2.3%
Vietnam	3.5	4.0	4.5	4.9	11.9%
Japan	3.9	4.8	5.2	4.3	3.3%
Russia	2.9	2.3	5.2	3.9	10.4%
Mexico	4.0	5.0	7.8	3.6	-3.5%
Ghana	1.0	1.6	2.8	3.0	44.2%
Others	45.3	58.7	92.7	61.4	10.7%
Total	107	136	205	149	11.7%

Top Export Markets for Cycles; Parts Thereof, Saddles from China in 2022:

Taiwan (Chinese) (4.7M units)
United States (3.3M units)
Germany (3.2M units)
Brazil (2.4M units)
Cambodia (2.2M units)
Netherlands (2.1M units)
Poland (1.8M units)
Indonesia (1.8M units)
Vietnam (1.6M units)
Japan (1.4M units)
Russia (1.2M units)
Mexico (1.1M units)
Ghana (1.0M units)

Imports of Cycles; Parts Thereof, Saddles in China

After three years of growth, supplies from abroad of cycles; parts thereof, saddleses decreased by -12.9% to 337K units in 2022. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Imports peaked at 387K units in 2021, and then dropped in the following year.

In value terms, cycles; parts thereof, saddles imports rose markedly to $4.4M in 2022. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 63% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Cycles; Parts Thereof, Saddles in China (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	465	796	1,341	1,816	57.5%
Taiwan (Chinese)	1,067	1,648	2,090	1,664	16.0%
Vietnam	292	587	450	525	21.6%
United Kingdom	21.7	62.3	66.8	258	128.2%
Others	92.5	68.4	163	99.1	2.3%
Total	1,938	3,161	4,111	4,362	31.1%