Bicycle Tire Price in Colombia - 2022
Contents:
- Bicycle Tire Price in Colombia (CIF) - 2022
- Bicycle Tire Price in Colombia (FOB) - 2022
- Bicycle Tire Imports in Colombia
- Bicycle Tire Exports in Colombia
Bicycle Tire Price in Colombia (CIF) - 2022
The average bicycle tire import price stood at $2.5 per unit in February 2022, dropping by -13.2% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2021 an increase of 55% m-o-m. Over the period under review, average import prices attained the maximum at $4.4 per unit in May 2021; however, from June 2021 to February 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Vietnam ($8.0 per unit), while the price for China ($2.1 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.5%), while the prices for the other major suppliers experienced a decline.
Bicycle Tire Price in Colombia (FOB) - 2022
The average bicycle tire export price stood at $3.3 per unit in 2022, remaining stable against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle tire export price increased by +45.0% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 71% against the previous year. As a result, the export price attained the peak level of $4.3 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Barbados ($3.5 per unit), while the average price for exports to Ecuador ($2.8 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 France (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Colombia
In 2022, approx. 4.6M units of new pneumatic tyres for bicycles were imported into Colombia; which is down by -36.8% compared with the previous year. Over the period under review, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. As a result, imports reached the peak of 7.3M units, and then contracted remarkably in the following year.
In value terms, bicycle tire imports fell notably to $13M in 2022. Overall, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 58%. As a result, imports attained the peak of $18M, and then dropped markedly in the following year.
Import of Bicycle Tire in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.4 | 8.4 | 12.3 | 9.4 | 3.8% |
Vietnam | 0.3 | 0.5 | 0.7 | 0.9 | 44.2% |
Indonesia | N/A | 0.2 | 0.4 | 0.7 | 87.1% |
Others | 2.5 | 2.3 | 4.7 | 1.7 | -12.1% |
Total | 11.3 | 11.4 | 18.0 | 12.7 | 4.0% |
Top Suppliers of Bicycle Tire to Colombia in 2022:
- China (4.1M units)
- Indonesia (0.2M units)
- Vietnam (0.2M units)
Bicycle Tire Exports in Colombia
In 2022, the amount of new pneumatic tyres for bicycles exported from Colombia surged to 10K units, picking up by 75% against the previous year. Overall, exports, however, showed a significant decrease. The exports peaked at 29K units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, bicycle tire exports skyrocketed to $33K in 2022. In general, exports, however, saw a drastic downturn. The exports peaked at $66K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
Export of Bicycle Tire in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Barbados | 6.6 | 10.8 | 5.2 | 22.8 | 51.2% |
Ecuador | 42.2 | 53.1 | 12.5 | 8.3 | -41.8% |
Guatemala | N/A | N/A | N/A | 2.2 | 0% |
Others | 1.4 | 1.6 | 1.5 | 0.1 | -58.5% |
Total | 50.2 | 65.6 | 19.3 | 33.4 | -12.7% |
Top Export Markets for Bicycle Tire from Colombia in 2022:
- Barbados (6.5K units)
- Ecuador (3.0K units)
- Guatemala (0.7K 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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