Bicycle Tire Price in Japan - 2023
Contents:
- Bicycle Tire Price in Japan (CIF) - 2022
- Bicycle Tire Price in Japan (FOB) - 2022
- Bicycle Tire Imports in Japan
- Bicycle Tire Exports in Japan
Bicycle Tire Price in Japan (CIF) - 2022
The average bicycle tire import price stood at $7.4 per unit in 2022, with an increase of 11% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle tire import price increased by +61.5% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 19%. The import price peaked in 2022 and is likely to continue 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 Thailand ($7.4 per unit), while the price for China ($7.4 per unit) and Germany ($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 Vietnam (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Japan (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $11 per unit, increasing by 3.3% against the previous year. In general, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 52%. As a result, the export price reached the peak level of $12 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($11 per unit) and the Philippines ($11 per unit), while the average price for exports to Singapore ($11 per unit) and the UK ($11 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Japan
Bicycle tire imports into Japan reduced modestly to 3.6M units in 2022, dropping by -4.1% on the previous year. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Imports peaked at 4.2M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, bicycle tire imports expanded significantly to $26M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Bicycle Tire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.0 | 14.0 | 15.7 | 15.9 | -0.2% |
| Thailand | 2.1 | 2.1 | 2.5 | 3.4 | 17.4% |
| Taiwan (Chinese) | 1.9 | 2.1 | 2.6 | 3.0 | 16.4% |
| Germany | 1.5 | 1.3 | 1.6 | 1.4 | -2.3% |
| Indonesia | 1.1 | 0.7 | 0.9 | 0.9 | -6.5% |
| Vietnam | 1.5 | 1.0 | 1.0 | 0.8 | -18.9% |
| Italy | 0.3 | 0.2 | 0.3 | 0.5 | 18.6% |
| Others | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
| Total | 24.8 | 21.6 | 25.0 | 26.5 | 2.2% |
Top Suppliers of Bicycle Tire to Japan in 2022:
- China (2161.0K units)
- Thailand (468.6K units)
- Taiwan (Chinese) (413.0K units)
- Germany (191.6K units)
- Indonesia (122.0K units)
- Vietnam (102.4K units)
- Italy (65.9K units)
Bicycle Tire Exports in Japan
In 2022, approx. 705K units of new pneumatic tyres for bicycles were exported from Japan; waning by -11.4% compared with the previous year. The total export volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of 796K units, and then fell in the following year.
In value terms, bicycle tire exports fell to $8M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. The exports peaked at $8.7M in 2021, and then declined in the following year.
| Export of Bicycle Tire in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,273 | 3,139 | 3,806 | 3,340 | 13.7% |
| Germany | 404 | 715 | 885 | 1,007 | 35.6% |
| United Kingdom | 730 | 1,058 | 1,276 | 665 | -3.1% |
| France | 140 | 216 | 459 | 554 | 58.2% |
| Canada | 63.7 | 256 | 276 | 280 | 63.8% |
| Philippines | 31.7 | 56.8 | 188 | 260 | 101.7% |
| Taiwan (Chinese) | 78.8 | 180 | 258 | 233 | 43.5% |
| Singapore | 30.4 | 66.1 | 68.7 | 153 | 71.4% |
| Denmark | 65.7 | 151 | 293 | 136 | 27.4% |
| Hong Kong SAR | 81.8 | 110 | 156 | 124 | 14.9% |
| Finland | 42.0 | 103 | 108 | 121 | 42.3% |
| Poland | 285 | 79.8 | 79.8 | 80.7 | -34.3% |
| Others | 429 | 557 | 882 | 1,038 | 34.2% |
| Total | 4,655 | 6,689 | 8,734 | 7,991 | 19.7% |
Top Export Markets for Bicycle Tire from Japan in 2022:
- United States (294.6K units)
- Germany (88.8K units)
- United Kingdom (58.7K units)
- France (48.9K units)
- Canada (24.7K units)
- Philippines (22.9K units)
- Taiwan (Chinese) (20.6K units)
- Singapore (13.5K units)
- Denmark (12.0K units)
- Hong Kong SAR (10.9K units)
- Finland (10.6K units)
- Poland (7.1K units)
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