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

Contents:

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

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

In September 2023, the average cycles; parts thereof, saddles import price amounted to $5.0 per unit, jumping by 53% against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible curtailment. Over the period under review, average import prices attained the peak figure at $6.9 per unit in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($48.4 per unit), while the price for Japan ($1.2 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average cycles; parts thereof, saddles export price stood at $4.2 per unit in 2022, jumping by 31% against the previous year. Over the period under review, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 48% against the previous year. The export price peaked at $5 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($7.6 per unit), while the average price for exports to New Zealand ($1 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 Australia (+54.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Thailand

In 2022, purchases abroad of cycles; parts thereof, saddleses decreased by -33.5% to 1.4M units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 71%. As a result, imports attained the peak of 3.4M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cycles; parts thereof, saddles imports shrank to $3.2M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of $3.5M, and then reduced in the following year.

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

1. China (1172.2K units)
2. Vietnam (136.7K units)

Exports of Cycles; Parts Thereof, Saddles in Thailand

In 2022, overseas shipments of cycles; parts thereof, saddleses decreased by -3.3% to 71K units, falling for the second year in a row after two years of growth. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 117% against the previous year. As a result, the exports attained the peak of 98K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cycles; parts thereof, saddles exports surged to $296K in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 111%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Lao People's Democratic Republic (30.0K units)
2. New Zealand (8.4K units)
3. United Arab Emirates (8.0K units)
4. Myanmar (7.3K units)
5. Australia (7.2K units)
6. Egypt (4.1K units)
7. China (2.2K units)

Source: IndexBox Market Intelligence Platform