Bicycle Tire Price in Slovakia - 2023
Contents:
- Bicycle Tire Price in Slovakia (CIF) - 2023
- Bicycle Tire Price in Slovakia (FOB) - 2023
- Bicycle Tire Imports in Slovakia
- Bicycle Tire Exports in Slovakia
Bicycle Tire Price in Slovakia (CIF) - 2023
In August 2023, the average bicycle tire import price amounted to $20.7 per unit, increasing by 34% against the previous month. In general, the import price showed strong growth. The pace of growth appeared the most rapid in June 2023 an increase of 66% month-to-month. Over the period under review, average import prices attained the maximum in August 2023.
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 ($107 per unit), while the price for China ($8.6 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 the Netherlands (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Slovakia (FOB) - 2023
In August 2023, the average bicycle tire export price amounted to $15.1 per unit, with an increase of 3.4% against the previous month. Overall, export price indicated a modest increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, bicycle tire export price increased by +36.6% against April 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 76% m-o-m. As a result, the export price reached the peak level of $18.3 per unit. From March 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Spain ($26.7 per unit), while the average price for exports to Hungary ($7.6 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Slovakia
In 2022, the amount of new pneumatic tyres for bicycles imported into Slovakia expanded rapidly to 808K units, growing by 7.2% against the previous year's figure. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.7% 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 +69.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, bicycle tire imports skyrocketed to $6.2M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Bicycle Tire in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 272 | 1,776 | 2,412 | 1,898 | 91.1% |
| Czech Republic | 392 | 498 | 729 | 1,469 | 55.3% |
| China | 1,196 | 670 | 1,392 | 1,121 | -2.1% |
| Vietnam | 596 | 3.4 | 41.2 | 550 | -2.6% |
| Taiwan (Chinese) | 187 | 30.4 | 156 | 449 | 33.9% |
| Poland | 1.3 | 57.8 | 241 | 174 | 411.5% |
| Hungary | N/A | 6.0 | 36.4 | 172 | 435.4% |
| Indonesia | 404 | 0.4 | 0.2 | 5.4 | -76.3% |
| Others | 185 | 325 | 369 | 363 | 25.2% |
| Total | 3,234 | 3,366 | 5,378 | 6,201 | 24.2% |
Top Suppliers of Bicycle Tire to Slovakia in 2022:
- China (227.0K units)
- Germany (192.6K units)
- Czech Republic (192.2K units)
- Vietnam (61.6K units)
- Taiwan (Chinese) (59.5K units)
- Poland (24.3K units)
- Hungary (21.0K units)
- Indonesia (0.4K units)
Bicycle Tire Exports in Slovakia
In 2022, the amount of new pneumatic tyres for bicycles exported from Slovakia declined sharply to 90K units, dropping by -19.9% compared with the previous year. Overall, exports showed a mild decline. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, the exports attained the peak of 112K units, and then reduced sharply in the following year.
In value terms, bicycle tire exports reduced notably to $1.2M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.0% 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 +68.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, the exports reached the peak of $1.4M, and then fell dramatically in the following year.
| Export of Bicycle Tire in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 179 | 209 | 504 | 381 | 28.6% |
| Slovenia | 123 | 160 | 240 | 290 | 33.1% |
| Poland | 180 | 300 | 196 | 180 | 0.0% |
| Germany | 64.4 | 48.6 | 49.1 | 79.8 | 7.4% |
| Ukraine | 66.3 | 96.4 | 64.7 | 63.3 | -1.5% |
| Belarus | 11.9 | 9.2 | 39.1 | 49.8 | 61.1% |
| Hungary | 41.7 | 26.4 | 46.1 | 27.0 | -13.5% |
| Others | 41.7 | 124 | 273 | 121 | 42.6% |
| Total | 707 | 974 | 1,412 | 1,192 | 19.0% |
Top Export Markets for Bicycle Tire from Slovakia in 2022:
- Czech Republic (33.2K units)
- Poland (14.3K units)
- Slovenia (8.4K units)
- Ukraine (6.4K units)
- Germany (5.6K units)
- Belarus (4.8K units)
- Hungary (4.8K units)
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