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

Contents:

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

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

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $4,559 per ton in 2022, surging by 20% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cycles; parts, pedals and crank-gear, and parts thereoves increased by +53.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 21%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 Taiwan (Chinese) ($13,455 per ton), while the price for China stood at $3,669 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.5%).

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

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $4,698 per ton, waning by -11.5% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 912% against the previous year. The export price peaked at $47,528 per ton in 2014; however, from 2015 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 Costa Rica ($15,185 per ton), while the average price for exports to El Salvador ($3,126 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 Costa Rica (+14.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -48.7% to 191 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, imports reached the peak of 373 tons, and then shrank remarkably in the following year.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves dropped markedly to $872K in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. As a result, imports reached the peak of $1.4M, and then declined significantly in the following year.

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

1. China (178.2 tons)
2. Taiwan (Chinese) (7.4 tons)

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

In 2022, the amount of cycles; parts, pedals and crank-gear, and parts thereoves exported from Guatemala skyrocketed to 936 kg, with an increase of 23% on 2021 figures. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,663% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves expanded markedly to $4.4K in 2022. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 370%.

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

1. El Salvador (641.0 kg)
2. Nicaragua (163.0 kg)
3. Costa Rica (81.0 kg)
4. Honduras (51.0 kg)

Source: IndexBox Market Intelligence Platform