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

Contents:

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

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

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $28,741 per ton in 2022, growing by 32% against the previous year. Over the period under review, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 63%. The import price peaked in 2022 and is expected to retain 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 Denmark ($77,072 per ton), while the price for the Philippines ($9,113 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+21.9%), 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 Finland (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $48,729 per ton, falling by -47% against the previous year. Over the period under review, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of 143%. Over the period under review, the average export prices reached the peak figure at $105,363 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($244,994 per ton), while the average price for exports to Estonia ($10,161 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 Russia (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth consecutive year, Finland recorded growth in overseas purchases of cycles; parts, pedals and crank-gear, and parts thereoves, which increased by 18% to 117 tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.1% 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 +60.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports of reached the peak figure 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 $3.4M in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 59%. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. China (32.1 tons)
2. Taiwan (Chinese) (27.2 tons)
3. Netherlands (15.9 tons)
4. Sweden (11.6 tons)
5. Germany (8.3 tons)
6. Singapore (7.5 tons)
7. Denmark (6.5 tons)
8. Philippines (6.4 tons)

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

In 2022, overseas shipments of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -30.2% to 2.9 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 128% against the previous year. As a result, the exports attained the peak of 4.2 tons, and then dropped remarkably in the following year.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves reduced dramatically to $144K in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 453%. As a result, the exports attained the peak of $388K, and then contracted sharply in the following year.

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

1. Sweden (1735.0 kg)
2. Estonia (615.0 kg)
3. Kazakhstan (386.0 kg)
4. Russia (168.0 kg)

Source: IndexBox Market Intelligence Platform