Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus - 2022

Contents:

  1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus (CIF) - 2022
  2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus (FOB) - 2022
  3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus
  4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus (CIF) - 2022

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $3,527 per ton in 2022, surging by 28% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 31%. The import price peaked at $3,825 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($16,073 per ton), while the price for India ($2,654 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus (FOB) - 2022

The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $1,524 per ton in 2022, reducing by -14.5% against the previous year. In general, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2014 an increase of 54% against the previous year. Over the period under review, the average export prices hit record highs at $2,348 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -4.2% per year.

Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus

Imports of cycles; parts, pedals and crank-gear, and parts thereoves into Belarus contracted notably to 301 tons in 2022, which is down by -41.1% compared with the previous year's figure. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. As a result, imports attained the peak of 511 tons, and then shrank rapidly in the following year.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves declined remarkably to $1.1M in 2022. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +4.1% 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 +13.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50%. As a result, imports attained the peak of $1.4M, and then declined rapidly in the following year.

Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7167241,0567782.8%
Taiwan (Chinese)64.156.714810919.4%
Russia58.369.611081.111.6%
India8.18.755.040.571.0%
Others95.775.635.852.4-18.2%
Total9429351,4061,0614.0%

Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Belarus in 2022:

  1. China (257.4 tons)
  2. Taiwan (Chinese) (20.3 tons)
  3. India (15.3 tons)
  4. Russia (5.0 tons)

Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus

For the fourth year in a row, Belarus recorded growth in overseas shipments of cycles; parts, pedals and crank-gear, and parts thereoves, which increased by 64% to 122 tons in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves surged to $186K in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia86.810712218628.9%
OthersN/A4.110.6N/A158.5%
Total86.811113218628.9%

Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Belarus in 2022:

  1. Russia (121.9 tons)

Source: IndexBox Market Intelligence Platform

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