Bicycle Tire Price in Azerbaijan - 2023
Contents:
Bicycle Tire Price in Azerbaijan (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $1 per unit, rising by 2.7% against the previous year. In general, the import price posted a tangible increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 68% against the previous year. As a result, import price attained the peak level of $1.2 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.0% per year.
Bicycle Tire Imports in Azerbaijan
In 2022, approx. 212K units of new pneumatic tyres for bicycles were imported into Azerbaijan; with a decrease of -45% on the previous year. In general, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 135%. As a result, imports reached the peak of 386K units, and then fell notably in the following year.
In value terms, bicycle tire imports fell significantly to $216K in 2022. Over the period under review, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 159%. As a result, imports attained the peak of $383K, and then dropped notably in the following year.
Import of Bicycle Tire in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 200 | 139 | 373 | 209 | 1.5% |
Others | 5.4 | 9.1 | 10.2 | 6.9 | 8.5% |
Total | 206 | 148 | 383 | 216 | 1.6% |
Top Suppliers of Bicycle Tire to Azerbaijan in 2022:
- China (212.1K units)
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China dominates in the global tyres for motorcycles or bicycles trade. In 2014, China exported X million units of tyres for motorcycles or bicycles totaling X million USD, X% over the previous year. Its primary trading partner was Nigeria, where
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
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