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

Contents:

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

Price for Cycles; Parts Thereof, Saddles in Norway (CIF) - 2022

In 2022, the average cycles; parts thereof, saddles import price amounted to $25 per unit, waning by -11.5% against the previous year. In general, the import price, however, recorded mild growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 26% against the previous year. The import price peaked at $33 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($40 per unit), while the price for Vietnam ($6.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average cycles; parts thereof, saddles export price stood at $40 per unit in 2022, which is down by -26.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 44%. As a result, the export price reached the peak level of $55 per unit, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($520 per unit), while the average price for exports to Iceland ($18 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 the UK (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Norway

In 2022, after three years of growth, there was significant decline in supplies from abroad of cycles; parts thereof, saddleses, when their volume decreased by -11.9% to 33K units. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 11%. Imports peaked at 37K units in 2021, and then contracted in the following year.

In value terms, cycles; parts thereof, saddles imports dropped remarkably to $830K in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, imports attained the peak of $1.1M, and then shrank remarkably in the following year.

Import of Cycles; Parts Thereof, Saddles in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)24627832232810.1%
Italy228156270223-0.7%
Vietnam55.110964.077.111.8%
China76.488.384.955.7-10.0%
Poland55.937.157.828.3-20.3%
Sweden1.636.138.115.3112.3%
Others138146229102-9.6%
Total8028511,0658301.2%

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

  1. Vietnam (11.3K units)
  2. Taiwan (Chinese) (11.0K units)
  3. Italy (5.6K units)
  4. China (2.4K units)
  5. Poland (1.0K units)
  6. Sweden (0.5K units)

Exports of Cycles; Parts Thereof, Saddles in Norway

In 2022, the amount of cycles; parts thereof, saddleses exported from Norway soared to 1.6K units, picking up by 131% on the previous year. In general, exports enjoyed a moderate increase. The pace of growth was the most pronounced in 2020 when exports increased by 134% against the previous year. As a result, the exports attained the peak of 3.5K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cycles; parts thereof, saddles exports skyrocketed to $65K in 2022. Overall, exports posted a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 152%. As a result, the exports attained the peak of $131K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Cycles; Parts Thereof, Saddles in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden23.919.021.247.025.3%
Germany17.092.614.614.0-6.3%
IcelandN/AN/A1.22.6116.7%
New Zealand4.13.7N/AN/A-9.8%
Denmark5.24.0N/AN/A-23.1%
Estonia0.35.1N/AN/A1600.0%
Others1.66.81.21.5-2.1%
Total52.113138.365.17.7%

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

  1. Sweden (1013.0 units)
  2. Germany (469.0 units)
  3. Iceland (140.0 units)

Source: IndexBox Market Intelligence Platform

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