Bicycle Tire Price in Mexico - 2023
Contents:
- Bicycle Tire Price in Mexico (CIF) - 2023
- Bicycle Tire Price in Mexico (FOB) - 2022
- Bicycle Tire Imports in Mexico
- Bicycle Tire Exports in Mexico
Bicycle Tire Price in Mexico (CIF) - 2023
In August 2023, the average bicycle tire import price amounted to $2.0 per unit, reducing by -6.6% against the previous month. In general, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in December 2022 an increase of 54% against the previous month. As a result, import price attained the peak level of $3.5 per unit. From January 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Thailand ($4.6 per unit), while the price for China ($1.8 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 India (-1.1%), while the prices for the other major suppliers experienced a decline.
Bicycle Tire Price in Mexico (FOB) - 2022
The average bicycle tire export price stood at $9.8 per unit in 2022, picking up by 77% against the previous year. Overall, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Cuba.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +60.7% per year.
Bicycle Tire Imports in Mexico
In 2022, after three years of growth, there was significant decline in overseas purchases of new pneumatic tyres for bicycles, when their volume decreased by -46.3% to 9.3M units. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 263%. As a result, imports attained the peak of 17M units, and then reduced markedly in the following year.
In value terms, bicycle tire imports reduced notably to $25M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 89% against the previous year. As a result, imports attained the peak of $40M, and then shrank rapidly in the following year.
| Import of Bicycle Tire in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.3 | 14.7 | 32.1 | 18.9 | 1.1% |
| Thailand | 2.8 | 2.8 | 3.6 | 2.4 | -5.0% |
| India | 1.6 | 1.2 | 1.8 | 1.2 | -9.1% |
| Indonesia | 1.0 | 0.8 | 0.8 | 0.5 | -20.6% |
| Others | 0.8 | 1.4 | 1.3 | 1.7 | 28.6% |
| Total | 24.4 | 20.9 | 39.6 | 24.7 | 0.4% |
Top Suppliers of Bicycle Tire to Mexico in 2022:
- China (8.0M units)
- Thailand (0.5M units)
- India (0.5M units)
- Indonesia (0.1M units)
Bicycle Tire Exports in Mexico
After three years of growth, overseas shipments of new pneumatic tyres for bicycles decreased by -67.6% to 483 units in 2022. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 165%. As a result, the exports reached the peak of 1.5K units, and then reduced rapidly in the following year.
In value terms, bicycle tire exports fell significantly to $4.7K in 2022. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 147% against the previous year. As a result, the exports reached the peak of $8.3K, and then shrank remarkably in the following year.
| Export of Bicycle Tire in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | N/A | N/A | N/A | 4.7 | 0% |
| Cote d'Ivoire | 0.1 | N/A | N/A | N/A | 0% |
| Germany | 0.8 | N/A | N/A | N/A | 0% |
| Guatemala | N/A | 0.3 | N/A | N/A | 0% |
| Kuwait | 0.8 | N/A | N/A | N/A | 0% |
| Belize | 0.1 | N/A | N/A | N/A | 0% |
| Canada | N/A | 0.1 | 7.9 | N/A | 7800.0% |
| Others | 1.3 | 2.9 | 0.4 | N/A | -44.5% |
| Total | 3.1 | 3.4 | 8.3 | 4.7 | 14.9% |
Top Export Markets for Bicycle Tire from Mexico in 2022:
- Cuba (483.0 units)
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