Bicycle Tire Price in Turkey - 2023
Contents:
- Bicycle Tire Price in Turkey (CIF) - 2023
- Bicycle Tire Price in Turkey (FOB) - 2022
- Bicycle Tire Imports in Turkey
- Bicycle Tire Exports in Turkey
Bicycle Tire Price in Turkey (CIF) - 2023
In September 2023, the average bicycle tire import price amounted to $2.2 per unit, falling by -24.4% against the previous month. In general, the import price saw a noticeable decrease. The pace of growth was the most pronounced in February 2023 when the average import price increased by 21% m-o-m. As a result, import price attained the peak level of $4.3 per unit. From March 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($5.4 per unit), while the price for Bangladesh ($1.4 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Serbia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Turkey (FOB) - 2022
The average bicycle tire export price stood at $4.8 per unit in 2022, growing by 28% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $5.7 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($10 per unit), while the average price for exports to Syrian Arab Republic ($2.5 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 Ukraine (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Turkey
In 2022, supplies from abroad of new pneumatic tyres for bicycles decreased by -35% to 4.5M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of 6.9M units, and then declined sharply in the following year.
In value terms, bicycle tire imports dropped sharply to $15M in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 96%. As a result, imports attained the peak of $18M, and then shrank remarkably in the following year.
| Import of Bicycle Tire in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.8 | 1.6 | 3.5 | 4.5 | 35.7% |
| Czech Republic | 3.2 | 2.9 | 5.3 | 2.9 | -3.2% |
| Bangladesh | 0.4 | 1.0 | 2.2 | 2.3 | 79.2% |
| Vietnam | 0.6 | 0.4 | 1.6 | 1.8 | 44.2% |
| Pakistan | 0.8 | 1.1 | 2.9 | 1.3 | 17.6% |
| Serbia | 1.0 | 1.0 | 0.9 | 0.6 | -15.7% |
| Philippines | 0.2 | 0.4 | 0.4 | 0.2 | 0.0% |
| Others | 0.8 | 1.0 | 1.5 | 1.0 | 7.7% |
| Total | 8.7 | 9.4 | 18.4 | 14.5 | 18.6% |
Top Suppliers of Bicycle Tire to Turkey in 2022:
- China (1199.8K units)
- Bangladesh (1022.8K units)
- Czech Republic (782.6K units)
- Pakistan (705.1K units)
- Vietnam (335.6K units)
- Serbia (230.3K units)
- Philippines (81.8K units)
Bicycle Tire Exports in Turkey
In 2022, the amount of new pneumatic tyres for bicycles exported from Turkey shrank to 58K units, waning by -8.2% compared with 2021 figures. Over the period under review, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, the exports attained the peak of 63K units, and then reduced in the following year.
In value terms, bicycle tire exports surged to $276K in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Bicycle Tire in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | 95.9 | 31.1 | 47.7 | 82.4 | -4.9% |
| Germany | 23.0 | 16.0 | 35.1 | 58.6 | 36.6% |
| Romania | 5.8 | N/A | 1.7 | 44.1 | 96.6% |
| Cyprus | 14.1 | 21.2 | 30.8 | 18.7 | 9.9% |
| Syrian Arab Republic | N/A | 2.6 | 8.5 | 11.5 | 110.3% |
| Ukraine | N/A | N/A | N/A | 11.1 | 0% |
| Morocco | N/A | N/A | 1.3 | 8.8 | 576.9% |
| Bosnia and Herzegovina | N/A | N/A | 28.5 | 0.1 | -99.6% |
| Others | 20.6 | 64.6 | 82.0 | 41.1 | 25.9% |
| Total | 159 | 136 | 236 | 276 | 20.2% |
Top Export Markets for Bicycle Tire from Turkey in 2022:
- Bosnia and Herzegovina (undefinedK units)
- Tunisia (26.8K units)
- Germany (6.3K units)
- Syrian Arab Republic (4.6K units)
- Romania (4.4K units)
- Ukraine (4.1K units)
- Cyprus (2.9K units)
- Morocco (2.7K units)
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