Bicycle Tire Price in Bulgaria - 2023
Contents:
- Bicycle Tire Price in Bulgaria (CIF) - 2023
- Bicycle Tire Price in Bulgaria (FOB) - 2022
- Bicycle Tire Imports in Bulgaria
- Bicycle Tire Exports in Bulgaria
Bicycle Tire Price in Bulgaria (CIF) - 2023
The average bicycle tire import price stood at $9.8 per unit in August 2023, growing by 24% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in November 2022 an increase of 31% against the previous month. Over the period under review, average import prices reached the maximum in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($11.4 per unit), while the price for Thailand ($4.4 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Bulgaria (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $7.2 per unit, picking up by 8.9% against the previous year. In general, the export price recorded buoyant growth. The growth pace was the most rapid in 2015 when the average export price increased by 70%. As a result, the export price attained the peak level of $9.5 per unit. From 2016 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 Italy ($60 per unit), while the average price for exports to Serbia ($3.3 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 Italy (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Bulgaria
In 2022, the amount of new pneumatic tyres for bicycles imported into Bulgaria skyrocketed to 2.4M units, with an increase of 29% on 2021 figures. Over the period under review, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +3.6% 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 +85.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, bicycle tire imports soared to $18M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
Import of Bicycle Tire in Bulgaria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 3.0 | 2.7 | 5.0 | 6.5 | 29.4% |
Germany | 3.8 | 3.0 | 3.9 | 4.2 | 3.4% |
Indonesia | 0.2 | 0.4 | 1.9 | 3.2 | 152.0% |
China | 0.4 | 0.4 | 0.5 | 1.2 | 44.2% |
Netherlands | 0.1 | 0.1 | 0.1 | 0.8 | 100.0% |
Italy | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
Czech Republic | 0.1 | 0.2 | 0.5 | 0.6 | 81.7% |
Thailand | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
Others | 0.3 | 0.3 | 0.3 | 0.8 | 38.7% |
Total | 8.2 | 7.2 | 12.6 | 18.3 | 30.7% |
Top Suppliers of Bicycle Tire to Bulgaria in 2022:
- Vietnam (921.5K units)
- Germany (445.8K units)
- China (279.3K units)
- Czech Republic (210.2K units)
- Indonesia (209.3K units)
- Italy (139.3K units)
- Netherlands (107.3K units)
- Thailand (54.4K units)
Bicycle Tire Exports in Bulgaria
In 2022, overseas shipments of new pneumatic tyres for bicycles decreased by -23.1% to 4.8K units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2020 with an increase of 86%. As a result, the exports reached the peak of 24K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, bicycle tire exports declined significantly to $35K in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 215%. As a result, the exports reached the peak of $108K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Bicycle Tire in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
North Macedonia | 5.6 | 13.7 | 18.2 | 18.6 | 49.2% |
Italy | N/A | N/A | N/A | 5.5 | 0% |
Netherlands | N/A | N/A | N/A | 2.8 | 0% |
Greece | N/A | N/A | 0.3 | 2.8 | 833.3% |
Serbia | 27.1 | 79.4 | 10.9 | 1.1 | -65.6% |
Romania | 0.3 | 2.3 | 1.8 | 1.0 | 49.4% |
Bosnia and Herzegovina | N/A | N/A | 0.3 | 0.6 | 100.0% |
Others | 1.5 | 13.0 | 10.3 | 2.5 | 18.6% |
Total | 34.5 | 108 | 41.9 | 35.1 | 0.6% |
Top Export Markets for Bicycle Tire from Bulgaria in 2022:
- North Macedonia (3006.0 units)
- Greece (838.0 units)
- Serbia (337.0 units)
- Netherlands (165.0 units)
- Bosnia and Herzegovina (155.0 units)
- Italy (92.0 units)
- Romania (82.0 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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