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

Contents:

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

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

In August 2023, the average cycles; parts thereof, saddles import price amounted to $22.7 per unit, increasing by 18% against the previous month. Overall, the import price showed a pronounced increase. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 139% m-o-m. Over the period under review, average import prices attained the peak figure at $34.9 per unit in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($51.8 per unit), while the price for Vietnam ($8.1 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average cycles; parts thereof, saddles export price stood at $27 per unit in 2022, shrinking by -61.6% against the previous year. In general, the export price, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2020 an increase of 157% against the previous year. As a result, the export price reached the peak level of $85 per unit. From 2021 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 Germany ($75 per unit), while the average price for exports to Italy ($9.7 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 Poland (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Switzerland

For the fourth year in a row, Switzerland recorded growth in supplies from abroad of cycles; parts thereof, saddleses, which increased by 9.1% to 367K units in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cycles; parts thereof, saddles imports declined to $6.7M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $7.4M, and then shrank in the following year.

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

1. Italy (199.1K units)
2. China (68.9K units)
3. Taiwan (Chinese) (57.8K units)
4. Germany (23.7K units)
5. Vietnam (4.5K units)

Exports of Cycles; Parts Thereof, Saddles in Switzerland

In 2022, exports of cycles; parts thereof, saddleses from Switzerland soared to 6.1K units, growing by 230% against 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cycles; parts thereof, saddles exports surged to $168K in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Italy (4.4K units)
2. Germany (1.5K units)

Source: IndexBox Market Intelligence Platform