Bicycle Tire Price in Morocco - 2022
Contents:
- Bicycle Tire Price in Morocco (CIF) - 2022
- Bicycle Tire Price in Morocco (FOB) - 2022
- Bicycle Tire Imports in Morocco
- Bicycle Tire Exports in Morocco
Bicycle Tire Price in Morocco (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $2.1 per unit, rising by 6.6% against the previous year. In general, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2013 an increase of 35% against the previous year. As a result, import price attained the peak level of $4.9 per unit. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($2.3 per unit), while the price for India ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.6%), while the prices for the other major suppliers experienced a decline.
Bicycle Tire Price in Morocco (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $6.5 per unit, reducing by -20.9% against the previous year. Over the period under review, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 89%. Over the period under review, the average export prices hit record highs at $8.2 per unit in 2021, and then shrank remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($6.5 per unit), while the average price for exports to Cote d'Ivoire amounted to $3.3 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Morocco
Bicycle tire imports into Morocco reduced notably to 970K units in 2022, waning by -29% compared with 2021 figures. Over the period under review, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports reached the peak of 1.4M units, and then contracted sharply in the following year.
In value terms, bicycle tire imports contracted significantly to $2.1M in 2022. In general, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59%. As a result, imports attained the peak of $2.8M, and then dropped remarkably in the following year.
Import of Bicycle Tire in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,357 | 1,365 | 2,241 | 1,764 | 9.1% |
Thailand | 181 | 149 | 96.0 | 169 | -2.3% |
India | 47.8 | 42.4 | 47.9 | 62.9 | 9.6% |
Others | 232 | 177 | 371 | 89.4 | -27.2% |
Total | 1,818 | 1,734 | 2,757 | 2,086 | 4.7% |
Top Suppliers of Bicycle Tire to Morocco in 2022:
- China (826.2K units)
- Thailand (73.8K units)
- India (44.4K units)
Bicycle Tire Exports in Morocco
In 2022, after two years of decline, there was significant growth in overseas shipments of new pneumatic tyres for bicycles, when their volume increased by 29% to 233 units. In general, exports, however, showed a precipitous decrease. Over the period under review, the exports attained the peak figure at 1.7K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, bicycle tire exports stood at $1.5K in 2022. Overall, exports, however, faced a significant curtailment. The exports peaked at $5.8K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Bicycle Tire in Morocco (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 238 | 38.0 | 129 | 404 | 19.3% |
Ghana | 129 | 13.0 | 58.0 | 278 | 29.2% |
Spain | 658 | N/A | N/A | N/A | 0% |
China | 4,063 | N/A | N/A | N/A | 0% |
Netherlands | N/A | 1,266 | N/A | N/A | 0% |
Others | 692 | 137 | 1,292 | 824 | 6.0% |
Total | 5,780 | 1,454 | 1,479 | 1,506 | -36.1% |
Top Export Markets for Bicycle Tire from Morocco in 2022:
- Cote d'Ivoire (123.0 units)
- Ghana (43.0 units)
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China dominates in the global tyres for motorcycles or bicycles trade. In 2014, China exported X million units of tyres for motorcycles or bicycles totaling X million USD, X% over the previous year. Its primary trading partner was Nigeria, where
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
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