Bicycle Tire Price in Spain - 2023
Contents:
- Bicycle Tire Price in Spain (CIF) - 2023
- Bicycle Tire Price in Spain (FOB) - 2022
- Bicycle Tire Imports in Spain
- Bicycle Tire Exports in Spain
Bicycle Tire Price in Spain (CIF) - 2023
The average bicycle tire import price stood at $20.8 per unit in August 2023, surging by 38% against the previous month. Over the period under review, import price indicated a pronounced expansion from August 2022 to August 2023: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, bicycle tire import price increased by +38.2% against July 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 63% month-to-month. As a result, import price attained the peak level of $21.5 per unit. From February 2023 to August 2023, the average import prices remained at a 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 Germany ($44.2 per unit), while the price for Sri Lanka ($3.5 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 Vietnam (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Spain (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $16 per unit, dropping by -26% against the previous year. In general, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 61% against the previous year. The export price peaked at $22 per unit in 2021, and then reduced sharply in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($25 per unit), while the average price for exports to Italy ($12 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 Germany (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Spain
In 2022, the amount of new pneumatic tyres for bicycles imported into Spain dropped modestly to 3M units, reducing by -4.2% on the year before. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 41%. As a result, imports attained the peak of 3.2M units, and then dropped in the following year.
In value terms, bicycle tire imports expanded rapidly to $40M in 2022. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Bicycle Tire in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.8 | 4.0 | 9.8 | 11.4 | 44.2% |
| France | 2.6 | 6.9 | 9.1 | 6.9 | 38.4% |
| Germany | 3.3 | 2.5 | 2.7 | 5.0 | 14.9% |
| Thailand | 3.1 | 1.1 | 1.5 | 4.5 | 13.2% |
| Italy | 2.7 | 3.4 | 3.4 | 4.4 | 17.7% |
| China | 2.8 | 3.3 | 4.4 | 3.8 | 10.7% |
| Vietnam | 0.5 | 0.7 | 2.0 | 1.3 | 37.5% |
| Others | 1.5 | 2.0 | 2.1 | 2.7 | 21.6% |
| Total | 20.4 | 24.0 | 34.9 | 40.0 | 25.2% |
Top Suppliers of Bicycle Tire to Spain in 2022:
- China (628.5K units)
- Thailand (622.1K units)
- Taiwan (Chinese) (519.2K units)
- France (491.6K units)
- Germany (200.5K units)
- Italy (178.1K units)
- Vietnam (149.5K units)
Bicycle Tire Exports in Spain
In 2022, bicycle tire exports from Spain soared to 707K units, jumping by 98% against the previous year's figure. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bicycle tire exports soared to $11M in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 90%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Bicycle Tire in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2,284 | 3,912 | 4,355 | 6,315 | 40.4% |
| Italy | 458 | 903 | 890 | 1,275 | 40.7% |
| Portugal | 341 | 415 | 620 | 912 | 38.8% |
| Germany | 216 | 460 | 480 | 850 | 57.9% |
| Netherlands | 12.9 | 188 | 36.3 | 303 | 186.4% |
| Poland | 114 | 224 | 427 | 224 | 25.3% |
| Belgium | 101 | 102 | 139 | 223 | 30.2% |
| Others | 296 | 1,071 | 870 | 1,362 | 66.3% |
| Total | 3,823 | 7,275 | 7,817 | 11,464 | 44.2% |
Top Export Markets for Bicycle Tire from Spain in 2022:
- France (424.8K units)
- Italy (103.9K units)
- Portugal (50.9K units)
- Germany (33.8K units)
- Netherlands (20.1K units)
- Belgium (13.8K units)
- Poland (13.1K units)
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