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

Contents:

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

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

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $2,727 per ton in 2022, shrinking by -8.6% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +1.5% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 50%. The import price peaked at $2,984 per ton in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,751 per ton), while the price for India ($2,571 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.7%), 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 Morocco (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $3,633 per ton, dropping by -66.1% against the previous year. Overall, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 463% against the previous year. As a result, the export price attained the peak level of $177,300 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($3,749 per ton), while the average price for exports to Turkey stood at $2,307 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+461.9%).

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

In 2022, the amount of cycles; parts, pedals and crank-gear, and parts thereoves imported into Morocco contracted notably to 125 tons, with a decrease of -34.4% compared with the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 113%. As a result, imports attained the peak of 191 tons, and then declined significantly in the following year.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves contracted significantly to $342K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 136% against the previous year. As a result, imports attained the peak of $570K, and then dropped dramatically in the following year.

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

1. China (104.7 tons)
2. India (13.3 tons)
3. Taiwan (Chinese) (5.9 tons)

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

In 2022, exports of cycles; parts, pedals and crank-gear, and parts thereoves from Morocco surged to 19 tons, jumping by 27,360% compared with 2021. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves surged to $68K in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (17.2 tons)
2. Turkey (1.5 tons)

Source: IndexBox Market Intelligence Platform