Bicycle Tire Price in Hungary - 2023
Contents:
- Bicycle Tire Price in Hungary (CIF) - 2023
- Bicycle Tire Price in Hungary (FOB) - 2022
- Bicycle Tire Imports in Hungary
- Bicycle Tire Exports in Hungary
Bicycle Tire Price in Hungary (CIF) - 2023
In August 2023, the average bicycle tire import price amounted to $8.3 per unit, shrinking by -14.3% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 49% month-to-month. Over the period under review, average import prices hit record highs at $13.4 per unit in January 2023; however, from February 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($18.6 per unit), while the price for India ($2.8 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 Taiwan (Chinese) (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Hungary (FOB) - 2022
The average bicycle tire export price stood at $8.6 per unit in 2022, shrinking by -5.8% against the previous year. In general, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2014 an increase of 49% against the previous year. Over the period under review, the average export prices reached the peak figure at $9.2 per unit in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($14 per unit), while the average price for exports to Romania ($7.6 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 Serbia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Hungary
In 2022, approx. 1.7M units of new pneumatic tyres for bicycles were imported into Hungary; growing by 16% compared with 2021 figures. Over the period under review, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% 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 +71.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, bicycle tire imports soared to $14M in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 63%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Bicycle Tire in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.7 | 3.5 | 4.9 | 6.6 | 21.3% |
| Taiwan (Chinese) | 0.3 | 0.9 | 0.9 | 2.3 | 97.2% |
| China | 0.6 | 0.7 | 2.9 | 2.1 | 51.8% |
| Czech Republic | 0.4 | 0.5 | 0.4 | 1.3 | 48.1% |
| Thailand | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| India | 0.2 | 0.2 | 0.7 | 0.3 | 14.5% |
| Vietnam | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Slovenia | 0.6 | 0.4 | 0.3 | 0.2 | -30.7% |
| Others | 0.4 | 0.4 | 0.6 | 0.8 | 26.0% |
| Total | 6.6 | 6.7 | 10.9 | 14.3 | 29.4% |
Top Suppliers of Bicycle Tire to Hungary in 2022:
- Germany (609.5K units)
- China (438.5K units)
- Czech Republic (160.6K units)
- Taiwan (Chinese) (153.1K units)
- Thailand (112.5K units)
- India (81.7K units)
- Vietnam (44.3K units)
- Slovenia (23.5K units)
Bicycle Tire Exports in Hungary
In 2022, exports of new pneumatic tyres for bicycles from Hungary contracted to 29K units, falling by -2.9% compared with the previous year's figure. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. Over the period under review, the exports hit record highs at 46K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, bicycle tire exports declined to $249K in 2022. Over the period under review, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year. As a result, the exports reached the peak of $272K, and then declined in the following year.
| Export of Bicycle Tire in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 119 | 91.9 | 120 | 154 | 9.0% |
| Turkey | 18.8 | 16.1 | 27.3 | 42.3 | 31.0% |
| Slovakia | 23.4 | 16.5 | 60.6 | 31.7 | 10.6% |
| Serbia | 0.1 | 3.4 | 7.0 | 9.1 | 349.8% |
| Croatia | 2.9 | 9.0 | 25.3 | 2.6 | -3.6% |
| Austria | 6.8 | 14.0 | 23.8 | 1.2 | -43.9% |
| Italy | 43.6 | N/A | 1.8 | 0.9 | -72.6% |
| Others | 4.7 | 12.9 | 6.6 | 6.6 | 12.0% |
| Total | 219 | 164 | 272 | 249 | 4.4% |
Top Export Markets for Bicycle Tire from Hungary in 2022:
- Romania (20.3K units)
- Slovakia (3.3K units)
- Turkey (3.1K units)
- Serbia (0.7K units)
- Croatia (0.3K units)
- Italy (0.1K units)
- Austria (0.1K units)
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