Price for Cycles; Parts Thereof, Wheel Rims and Spokes in South Africa - 2024

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in South Africa (CIF) - 2024
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in South Africa (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in South Africa
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in South Africa

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in South Africa (CIF) - 2024

In January 2024, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $4,845 per ton, rising by 17% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 402% month-to-month. The import price peaked at $17,927 per ton in November 2023; however, from December 2023 to January 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($10,438 per ton), while the price for Zambia ($2,018 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in South Africa (FOB) - 2022

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $10,964 per ton in 2022, falling by -3.7% against the previous year. In general, the export price, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 50%. As a result, the export price attained the peak level of $13,506 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($10,046 per ton), while the average price for exports to Eritrea ($182 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 China (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in South Africa

In 2022, imports of cycles; parts thereof, wheel rims and spokeses into South Africa surged to 604 tons, picking up by 29% on 2021. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.9% 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 +95.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses surged to $4.9M in 2022. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to South Africa in 2022:

1. China (374.4 tons)
2. India (198.6 tons)
3. Taiwan (Chinese) (22.2 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in South Africa

In 2022, exports of cycles; parts thereof, wheel rims and spokeses from South Africa dropped slightly to 126 tons, waning by -1.6% compared with 2021. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses contracted to $1.4M in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 6.1%. As a result, the exports reached the peak of $1.5M, and then fell in the following year.

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from South Africa in 2022:

1. Lesotho (23.9 tons)
2. Swaziland (23.3 tons)
3. Namibia (15.2 tons)
4. Zambia (14.4 tons)
5. Mozambique (10.2 tons)
6. Zimbabwe (6.8 tons)
7. Tanzania (6.6 tons)
8. China (5.6 tons)
9. Eritrea (4.8 tons)
10. Botswana (3.9 tons)

Source: IndexBox Market Intelligence Platform