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Singapore - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBicycle Price in Singapore - 2022
Contents:
- Bicycle Price in Singapore (CIF) - 2022
- Bicycle Price in Singapore (FOB) - 2022
- Bicycle Imports in Singapore
- Bicycle Exports in Singapore
Bicycle Price in Singapore (CIF) - 2022
The average bicycle import price stood at $186 per unit in 2022, with an increase of 56% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +8.7% per year.
Bicycle Price in Singapore (FOB) - 2022
The average bicycle export price stood at $80 per unit in 2022, growing by 8.9% against the previous year. Overall, the export price saw a modest increase. The pace of growth was the most pronounced in 2013 an increase of 45% against the previous year. The export price peaked at $174 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to +19.9% per year.
Bicycle Imports in Singapore
In 2022, purchases abroad of bicycles and other cycles decreased by -26.8% to 600K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 115%. As a result, imports reached the peak of 820K units, and then shrank notably in the following year.
In value terms, bicycle imports expanded sharply to $112M in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 96% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Import of Bicycle in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Myanmar | N/A | N/A | N/A | 112 | 0% |
China | 10.1 | 19.2 | 41.6 | N/A | 102.9% |
United Kingdom | 6.5 | 10.3 | 13.0 | N/A | 41.4% |
Taiwan (Chinese) | 11.0 | 10.9 | 11.8 | N/A | 3.6% |
Others | 5.2 | 23.8 | 31.5 | N/A | 146.1% |
Total | 32.8 | 64.2 | 98.0 | 112 | 50.6% |
Top Suppliers of Bicycle to Singapore in 2022:
- Myanmar (599.8K units)
Bicycle Exports in Singapore
In 2022, overseas shipments of bicycles and other cycles decreased by -40.2% to 206K units, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 161% against the previous year. As a result, the exports reached the peak of 353K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, bicycle exports declined notably to $17M in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $38M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Bicycle in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Myanmar | N/A | N/A | N/A | 16.5 | 0% |
Indonesia | 11.2 | 31.2 | 19.2 | N/A | 30.9% |
Malaysia | 3.8 | 2.2 | 1.4 | N/A | -39.3% |
Others | 8.6 | 4.5 | 4.7 | N/A | -26.1% |
Total | 23.6 | 38.0 | 25.3 | 16.5 | -11.2% |
Top Export Markets for Bicycle from Singapore in 2022:
- Myanmar (206.3K units)
This report provides an in-depth analysis of the bicycle market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
- Prodcom 30921030 -
- Prodcom 30921050 -
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the bicycle market in Singapore.
This report provides an in-depth analysis of the global bicycle market.
This report provides an in-depth analysis of the bicycle market in Singapore.
This report provides an in-depth analysis of the global bicycle market.
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In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>