Bicycle Tire Price in the Dominican Republic - 2023
Contents:
- Bicycle Tire Price in the Dominican Republic (CIF) - 2022
- Bicycle Tire Price in the Dominican Republic (FOB) - 2022
- Bicycle Tire Imports in the Dominican Republic
- Bicycle Tire Exports in the Dominican Republic
Bicycle Tire Price in the Dominican Republic (CIF) - 2022
The average bicycle tire import price stood at $4.6 per unit in 2022, jumping by 36% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $5.1 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +3.5% per year.
Bicycle Tire Price in the Dominican Republic (FOB) - 2022
The average bicycle tire export price stood at $3.9 per unit in 2022, dropping by -4.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 19%. The export price peaked at $4.2 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +0.7% per year.
Bicycle Tire Imports in the Dominican Republic
In 2022, imports of new pneumatic tyres for bicycles into the Dominican Republic contracted notably to 242K units, waning by -59.7% compared with 2021. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 303% against the previous year. As a result, imports reached the peak of 600K units, and then contracted significantly in the following year.
In value terms, bicycle tire imports contracted notably to $1.1M in 2022. Over the period under review, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 340%. As a result, imports attained the peak of $2M, and then fell dramatically in the following year.
Import of Bicycle Tire in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 512 | 355 | 1,004 | 1,096 | 28.9% |
Taiwan (Chinese) | 71.6 | 66.2 | 319 | N/A | 111.1% |
Vietnam | 23.7 | 21.0 | 237 | N/A | 216.2% |
Others | 57.8 | 23.7 | 487 | 25.8 | -23.6% |
Total | 665 | 465 | 2,046 | 1,122 | 19.0% |
Top Suppliers of Bicycle Tire to the Dominican Republic in 2022:
- China (237.4K units)
Bicycle Tire Exports in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in shipments abroad of new pneumatic tyres for bicycles, which increased by 70% to 80 units in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bicycle tire exports surged to $313 in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Bicycle Tire in the Dominican Republic (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 80.0 | 111 | 153 | 313 | 57.6% |
Antigua and Barbuda | 10.0 | 14.0 | 19.0 | N/A | 37.8% |
United States | 1.0 | 1.0 | 1.0 | N/A | 0.0% |
Cuba | 28.0 | 25.0 | 20.0 | N/A | -15.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 119 | 151 | 193 | 313 | 38.0% |
Top Export Markets for Bicycle Tire from the Dominican Republic in 2022:
- Haiti (80.0 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.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
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