Price for Cycles; Parts Thereof, Saddles in Lithuania - 2023

Contents:

1. Price for Cycles; Parts Thereof, Saddles in Lithuania (CIF) - 2023
2. Price for Cycles; Parts Thereof, Saddles in Lithuania (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Saddles in Lithuania
4. Exports of Cycles; Parts Thereof, Saddles in Lithuania

Price for Cycles; Parts Thereof, Saddles in Lithuania (CIF) - 2023

In December 2023, the average cycles; parts thereof, saddles import price amounted to $10.2 per unit, surging by 10% against the previous month. Over the period under review, import price indicated a slight expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, cycles; parts thereof, saddles import price increased by +87.4% against July 2023 indices. The pace of growth appeared the most rapid in May 2023 an increase of 57% m-o-m. As a result, import price reached the peak level of $12.9 per unit. From June 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($11.6 per unit), while the price for China ($5.8 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Saddles in Lithuania (FOB) - 2022

In 2022, the average cycles; parts thereof, saddles export price amounted to $24 per unit, rising by 97% against the previous year. Overall, the export price posted a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($58 per unit), while the average price for exports to Poland ($6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Lithuania

For the fourth consecutive year, Lithuania recorded growth in supplies from abroad of cycles; parts thereof, saddleses, which increased by 9.7% to 446K units in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, cycles; parts thereof, saddles imports surged to $3.4M in 2022. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Cycles; Parts Thereof, Saddles to Lithuania in 2022:

1. China (220.0K units)
2. Italy (181.9K units)
3. Netherlands (22.6K units)
4. Germany (6.0K units)

Exports of Cycles; Parts Thereof, Saddles in Lithuania

In 2022, after three years of growth, there was significant decline in overseas shipments of cycles; parts thereof, saddleses, when their volume decreased by -45.6% to 11K units. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 95%. As a result, the exports reached the peak of 20K units, and then contracted remarkably in the following year.

In value terms, cycles; parts thereof, saddles exports expanded significantly to $250K in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 180% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Cycles; Parts Thereof, Saddles from Lithuania in 2022:

1. United States (2.4K units)
2. Latvia (2.2K units)
3. Kazakhstan (1.7K units)
4. Belarus (1.3K units)
5. Estonia (0.9K units)
6. Russia (0.9K units)
7. Kyrgyzstan (0.3K units)
8. Poland (0.3K units)
9. Netherlands (0.3K units)

Source: IndexBox Market Intelligence Platform