Bicycle Tire Price in Ethiopia - 2022
Contents:
- Bicycle Tire Price in Ethiopia (CIF) - 2022
- Bicycle Tire Price in Ethiopia (FOB) - 2022
- Bicycle Tire Imports in Ethiopia
- Bicycle Tire Exports in Ethiopia
Bicycle Tire Price in Ethiopia (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $7.6 per unit, surging by 30% against the previous year. Overall, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 79% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 +13.0% per year.
Bicycle Tire Price in Ethiopia (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $10 per unit, surging by 6.2% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 39% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +13.0% per year.
Bicycle Tire Imports in Ethiopia
For the third consecutive year, Ethiopia recorded decline in purchases abroad of new pneumatic tyres for bicycles, which decreased by -6.6% to 86K units in 2022. Overall, imports faced a abrupt descent. Imports peaked at 139K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, bicycle tire imports soared to $653K in 2022. In general, imports saw a deep setback. Imports peaked at $815K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Bicycle Tire in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 716 | 627 | 447 | 653 | -3.0% |
| Thailand | 3.5 | 2.6 | 1.9 | N/A | -26.3% |
| India | 65.7 | 66.9 | 70.5 | N/A | 3.6% |
| Others | 29.3 | 24.8 | 20.3 | N/A | -16.8% |
| Total | 815 | 722 | 540 | 653 | -7.1% |
Top Suppliers of Bicycle Tire to Ethiopia in 2022:
- China (86.1K units)
Bicycle Tire Exports in Ethiopia
In 2022, overseas shipments of new pneumatic tyres for bicycles decreased by 0% to 5 units, falling for the second year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 80%. As a result, the exports reached the peak of 9 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, bicycle tire exports rose notably to $51 in 2022. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 150%. As a result, the exports reached the peak of $75. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Bicycle Tire in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 13.0 | 20.0 | 6.0 | 51.0 | 57.7% |
| Kenya | N/A | N/A | 32.0 | N/A | 0% |
| Sri Lanka | 3.0 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 10.0 | N/A | 0% |
| France | N/A | 55.0 | N/A | N/A | 0% |
| South Africa | 14.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 30.0 | 75.0 | 48.0 | 51.0 | 19.3% |
Top Export Markets for Bicycle Tire from Ethiopia in 2022:
- Netherlands (5.0 units)
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