Bicycle Tire Price in Egypt - 2023
Contents:
- Bicycle Tire Price in Egypt (CIF) - 2022
- Bicycle Tire Price in Egypt (FOB) - 2022
- Bicycle Tire Imports in Egypt
- Bicycle Tire Exports in Egypt
Bicycle Tire Price in Egypt (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $7.4 per unit, surging by 10% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($7.4 per unit) and India ($7.4 per unit), while the price for China ($7.4 per unit) and Sri Lanka ($7.4 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Egypt (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $7.4 per unit, falling by -14.9% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 184%. As a result, the export price reached the peak level of $10 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Sudan.
From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to +6.1% per year.
Bicycle Tire Imports in Egypt
In 2022, approx. 298K units of new pneumatic tyres for bicycles were imported into Egypt; dropping by -43.6% compared with 2021 figures. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of 529K units, and then dropped notably in the following year.
In value terms, bicycle tire imports fell markedly to $2.2M in 2022. Overall, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $3.5M, and then fell markedly in the following year.
| Import of Bicycle Tire in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 844 | 1,059 | 1,591 | 1,073 | 8.3% |
| India | 402 | 390 | 572 | 370 | -2.7% |
| Indonesia | 267 | 263 | 297 | 263 | -0.5% |
| Sri Lanka | 14.8 | 133 | 163 | 202 | 139.0% |
| Vietnam | 4.6 | 4.7 | 52.2 | 117 | 194.1% |
| Thailand | 77.0 | 130 | 53.3 | 114 | 14.0% |
| United Kingdom | 32.5 | N/A | N/A | N/A | 0% |
| Others | 360 | 399 | 802 | 55.8 | -46.3% |
| Total | 2,003 | 2,379 | 3,530 | 2,196 | 3.1% |
Top Suppliers of Bicycle Tire to Egypt in 2022:
- China (145.9K units)
- India (50.3K units)
- Indonesia (35.7K units)
- Sri Lanka (27.5K units)
- Vietnam (15.9K units)
- Thailand (15.5K units)
Bicycle Tire Exports in Egypt
Bicycle tire exports from Egypt declined modestly to 1.5K units in 2022, waning by -1.8% compared with 2021 figures. Over the period under review, exports continue to indicate a drastic downturn. The smallest decline of -1.6% was in 2020. Over the period under review, the exports reached the maximum at 2.6K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, bicycle tire exports dropped significantly to $11K in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $19K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Bicycle Tire in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 15.9 | 19.0 | 2.2 | 11.0 | -11.6% |
| Libya | N/A | N/A | 7.4 | N/A | 0% |
| India | N/A | N/A | 3.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.9 | 19.0 | 13.2 | 11.0 | -11.6% |
Top Export Markets for Bicycle Tire from Egypt in 2022:
- Sudan (1490.0 units)
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