Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Belgium - 2023

Contents:

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

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

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $36,681 per ton in 2022, surging by 2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 32%. Over the period under review, average import prices attained the peak figure at $52,065 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($108,605 per ton), while the price for China ($10,123 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), 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 Belgium (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $33,283 per ton, waning by -14.3% against the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2013 an increase of 135%. Over the period under review, the average export prices attained the maximum at $143,240 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($121,857 per ton), while the average price for exports to Hungary ($8,476 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Belgium recorded growth in purchases abroad of cycles; parts, pedals and crank-gear, and parts thereoves, which increased by 8.5% to 458 tons in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves rose remarkably to $17M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 55% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

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

1. Taiwan (Chinese) (198.3 tons)
2. China (92.3 tons)
3. Germany (57.0 tons)
4. Netherlands (35.9 tons)
5. Malaysia (19.6 tons)
6. France (15.2 tons)
7. Portugal (13.5 tons)

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

In 2022, exports of cycles; parts, pedals and crank-gear, and parts thereoves from Belgium surged to 277 tons, rising by 67% on the year before. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 177%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves skyrocketed to $9.2M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. France (140.6 tons)
2. Germany (96.6 tons)
3. United Kingdom (7.6 tons)
4. Netherlands (6.7 tons)
5. Italy (6.7 tons)
6. Hungary (6.4 tons)

Source: IndexBox Market Intelligence Platform