Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Latvia - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Latvia (CIF) - 2022
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Latvia (FOB) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Latvia
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Latvia
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Latvia (CIF) - 2022
The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $26,846 per ton in 2022, picking up by 2.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 81% against the previous year. Over the period under review, average import prices hit record highs 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 Estonia ($99,506 per ton), while the price for Japan ($887 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.8%), 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 Latvia (FOB) - 2022
In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $38,465 per ton, picking up by 258% against the previous year. In general, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 568% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
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 Kazakhstan ($255,635 per ton), while the average price for exports to Spain ($3,984 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 Poland (+20.0%), 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 Latvia
In 2022, approx. 5.6 tons of cycles; parts, pedals and crank-gear, and parts thereoves were imported into Latvia; waning by -11.5% on 2021 figures. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves shrank to $151K in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of $168K, and then declined in the following year.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 40.1 | 35.6 | 78.0 | 70.1 | 20.5% |
| Netherlands | 4.8 | 11.0 | 12.5 | 23.4 | 69.6% |
| Italy | 0.4 | 1.0 | 1.2 | 19.1 | 262.8% |
| Taiwan (Chinese) | 23.5 | 18.6 | 18.7 | 10.9 | -22.6% |
| Estonia | 16.5 | 11.7 | 12.9 | 8.7 | -19.2% |
| Germany | 4.2 | 17.4 | 29.3 | 7.3 | 20.2% |
| China | 1.7 | 1.4 | 4.5 | 3.9 | 31.9% |
| Lithuania | 18.7 | 4.4 | 5.9 | 2.6 | -48.2% |
| Czech Republic | 5.2 | 6.6 | 1.7 | 2.2 | -24.9% |
| Sweden | 23.0 | 0.6 | N/A | N/A | -97.4% |
| Others | 1.1 | 1.9 | 2.9 | 3.4 | 45.7% |
| Total | 139 | 110 | 168 | 151 | 2.8% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Latvia in 2022:
- Italy (1355.0 kg)
- Poland (1255.0 kg)
- China (860.0 kg)
- Netherlands (619.0 kg)
- Taiwan (Chinese) (541.0 kg)
- Lithuania (257.0 kg)
- Germany (213.0 kg)
- Estonia (87.0 kg)
- Czech Republic (84.0 kg)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Latvia
In 2022, exports of cycles; parts, pedals and crank-gear, and parts thereoves from Latvia contracted remarkably to 512 kg, which is down by -38.9% against the previous year. In general, exports, however, saw a modest increase. The growth pace was the most rapid in 2021 with an increase of 85% against the previous year. As a result, the exports attained the peak of 838 kg, and then declined notably in the following year.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves surged to $20K in 2022. Overall, exports, however, showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 13.3 | 0% |
| Armenia | N/A | N/A | N/A | 2.3 | 0% |
| Lithuania | 3.6 | 2.3 | 5.5 | 1.8 | -20.6% |
| Hungary | N/A | N/A | 0.6 | 1.1 | 83.3% |
| Estonia | 3.3 | 3.8 | 2.7 | 0.6 | -43.3% |
| Sweden | N/A | N/A | N/A | 0.3 | 0% |
| Spain | N/A | N/A | N/A | 0.3 | 0% |
| Russia | N/A | 0.4 | N/A | N/A | 0% |
| Belarus | N/A | 0.2 | 0.2 | N/A | 0.0% |
| Romania | N/A | 0.3 | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 7.0 | 7.1 | 9.0 | 19.7 | 41.2% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Latvia in 2022:
- Hungary (155.0 kg)
- Lithuania (146.0 kg)
- Spain (64.0 kg)
- Kazakhstan (52.0 kg)
- Estonia (45.0 kg)
- Armenia (39.0 kg)
- Sweden (8.0 kg)
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