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Thailand - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBicycle Price in Thailand - 2023
Contents:
- Bicycle Price in Thailand (FOB) - 2022
- Bicycle Price in Thailand (CIF) - 2023
- Bicycle Exports in Thailand
- Bicycle Imports in Thailand
Bicycle Price in Thailand (FOB) - 2022
The average bicycle export price stood at $125 per unit in 2022, picking up by 22% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 an increase of 41%. The export price peaked at $269 per unit in 2012; however, from 2013 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 Denmark ($180 per unit), while the average price for exports to Cambodia ($45 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+7.4%), while the prices for the other major destinations experienced a decline.
Bicycle Price in Thailand (CIF) - 2023
In November 2023, the average bicycle import price amounted to $22.9 per unit, surging by 4.6% against the previous month. Overall, the import price, however, recorded a pronounced setback. The growth pace was the most rapid in April 2023 when the average import price increased by 27% m-o-m. Over the period under review, average import prices reached the peak figure at $40.1 per unit in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($20.1 per unit), while the price for Japan stood at $12.1 per unit.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.7%).
Bicycle Exports in Thailand
In 2022, the amount of bicycles and other cycles exported from Thailand skyrocketed to 446K units, increasing by 17% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bicycle exports skyrocketed to $56M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +75.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Bicycle in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 9.7 | 7.1 | 8.2 | 25.0 | 37.1% |
United Kingdom | 11.9 | 11.4 | 11.2 | 8.8 | -9.6% |
Denmark | 2.3 | 1.9 | 7.1 | 7.1 | 45.6% |
France | 1.2 | 0.9 | 1.7 | 2.2 | 22.4% |
United States | 0.6 | 0.6 | 2.0 | 2.1 | 51.8% |
Netherlands | 6.6 | 2.5 | 1.4 | 2.0 | -32.8% |
Myanmar | 1.2 | 2.3 | 1.3 | 1.5 | 7.7% |
Cambodia | 1.2 | 0.9 | 1.2 | 1.2 | 0.0% |
Czech Republic | 0.1 | N/A | N/A | 1.0 | 115.4% |
Sweden | 1.1 | 0.7 | 0.9 | 0.8 | -10.1% |
Lao People's Democratic Republic | 0.9 | 0.7 | 0.5 | 0.5 | -17.8% |
Others | 3.5 | 3.0 | 3.6 | 3.8 | 2.8% |
Total | 40.4 | 31.9 | 39.1 | 55.8 | 11.4% |
Top Export Markets for Bicycle from Thailand in 2022:
- Germany (151.2K units)
- United Kingdom (106.5K units)
- Denmark (39.3K units)
- Myanmar (28.6K units)
- Cambodia (25.5K units)
- France (16.9K units)
- Netherlands (15.9K units)
- United States (13.0K units)
- Czech Republic (7.8K units)
- Sweden (7.5K units)
- Lao People's Democratic Republic (6.1K units)
Bicycle Imports in Thailand
In 2022, after three years of growth, there was significant decline in purchases abroad of bicycles and other cycles, when their volume decreased by -33.3% to 1.1M units. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 29%. Over the period under review, imports reached the peak figure at 1.6M units in 2021, and then declined notably in the following year.
In value terms, bicycle imports reduced remarkably to $50M in 2022. In general, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, imports attained the peak of $66M, and then reduced notably in the following year.
Import of Bicycle in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 41.5 | 45.4 | 55.9 | 36.4 | -4.3% |
Japan | 2.2 | 2.0 | 1.1 | 1.3 | -16.1% |
Others | 8.1 | 5.8 | 9.1 | 12.1 | 14.3% |
Total | 51.8 | 53.2 | 66.2 | 49.8 | -1.3% |
Top Suppliers of Bicycle to Thailand in 2022:
- China (943.8K units)
- Japan (98.2K units)
This report provides an in-depth analysis of the bicycle market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
-
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 Thailand.
This report provides an in-depth analysis of the global bicycle market.
This report provides an in-depth analysis of the bicycle market in Thailand.
This report provides an in-depth analysis of the global bicycle market.
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Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
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>