Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Bulgaria - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Bulgaria (CIF) - 2022
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Bulgaria (FOB) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Bulgaria
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Bulgaria
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Bulgaria (CIF) - 2022
In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $15,559 per ton, increasing by 30% against the previous year. In general, the import price continues to indicate a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($29,224 per ton), while the price for the Philippines ($6,584 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.1%), 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 Bulgaria (FOB) - 2022
The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $27,757 per ton in 2022, growing by 59% against the previous year. In general, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 501% against the previous year. Over the period under review, the average export prices attained the maximum at $30,556 per ton in 2013; however, from 2014 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 the United States ($89,801 per ton), while the average price for exports to Denmark ($720 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 Taiwan (Chinese) (+20.7%), 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 Bulgaria
Imports of cycles; parts, pedals and crank-gear, and parts thereoves into Bulgaria expanded notably to 1.5K tons in 2022, with an increase of 7.8% on the previous year. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves skyrocketed to $23M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 2.4 | 4.5 | 5.5 | 31.8% |
| Taiwan (Chinese) | 3.1 | 2.2 | 3.3 | 4.6 | 14.1% |
| Portugal | 0.1 | 0.7 | 1.9 | 3.9 | 239.1% |
| Germany | 0.5 | 0.9 | 1.9 | 2.6 | 73.2% |
| Singapore | 2.1 | 1.2 | 1.9 | 2.3 | 3.1% |
| Philippines | 0.5 | 0.5 | 1.0 | 1.1 | 30.1% |
| Netherlands | 0.4 | 0.4 | 0.5 | 0.8 | 26.0% |
| Others | 0.8 | 0.9 | 1.2 | 1.9 | 33.4% |
| Total | 9.9 | 9.2 | 16.3 | 22.8 | 32.1% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Bulgaria in 2022:
- China (588.0 tons)
- Taiwan (Chinese) (231.4 tons)
- Philippines (168.3 tons)
- Portugal (134.8 tons)
- Germany (115.8 tons)
- Singapore (87.6 tons)
- Netherlands (77.8 tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Bulgaria
In 2022, the amount of cycles; parts, pedals and crank-gear, and parts thereoves exported from Bulgaria soared to 2.7 tons, picking up by 180% on the previous year's figure. Overall, exports, however, faced a deep slump.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves soared to $75K in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,083%. As a result, the exports attained the peak of $207K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 52.9 | 0% |
| Netherlands | 0.4 | 165 | 1.7 | 4.4 | 122.4% |
| Sweden | N/A | N/A | N/A | 2.7 | 0% |
| North Macedonia | 0.3 | 0.8 | N/A | 1.8 | 81.7% |
| Germany | 0.4 | 1.7 | 1.2 | 1.3 | 48.1% |
| Switzerland | 4.8 | 0.3 | N/A | 0.7 | -47.4% |
| Greece | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Denmark | 2.8 | N/A | N/A | 0.1 | -67.1% |
| Serbia | 1.7 | 1.0 | 1.2 | 0.1 | -61.1% |
| Taiwan (Chinese) | 5.8 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 38.2 | 12.4 | 10.7 | 97.0% |
| Total | 17.5 | 207 | 16.9 | 75.2 | 62.6% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Bulgaria in 2022:
- Sweden (999.0 kg)
- United States (589.0 kg)
- Netherlands (464.0 kg)
- Germany (183.0 kg)
- Denmark (150.0 kg)
- North Macedonia (84.0 kg)
- Greece (63.0 kg)
- Serbia (20.0 kg)
- Switzerland (14.0 kg)
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