Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Belgium - 2023

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Belgium (FOB) - 2022

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $13,098 per ton, with an increase of 17% against the previous year. Over the period under review, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 45%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($30,510 per ton), while the average price for exports to Switzerland ($3,358 per ton) 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 (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Belgium (CIF) - 2022

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $9,218 per ton, increasing by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 an increase of 41%. The import price peaked at $10,847 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($132,584 per ton), while the price for Portugal ($2,926 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Belgium

In 2022, shipments abroad of cycles; parts thereof, wheel rims and spokeses decreased by -17.4% to 3.2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of 3.8K tons, and then shrank remarkably in the following year.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses declined slightly to $41M in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 69% against the previous year. As a result, the exports reached the peak of $43M, and then dropped in the following year.

Export of Cycles; Parts Thereof, Wheel Rims and Spokes in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4.9	5.9	9.7	10.2	27.7%
Netherlands	7.2	6.7	10.2	8.7	6.5%
Hungary	0.3	1.3	3.0	3.3	122.4%
Lithuania	0.8	0.9	1.7	1.8	31.0%
France	0.5	0.9	1.5	1.8	53.3%
Portugal	0.3	0.7	1.6	1.5	71.0%
Czech Republic	0.1	0.7	1.4	1.4	141.0%
Spain	0.2	0.2	0.9	1.3	86.6%
Poland	0.4	0.5	1.6	1.1	40.1%
Italy	0.4	0.6	1.2	0.8	26.0%
Bulgaria	N/A	0.4	0.8	0.7	32.3%
Switzerland	0.8	0.4	0.7	0.4	-20.6%
Others	5.0	6.0	8.6	8.3	18.4%
Total	20.9	25.3	42.8	41.3	25.5%

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Belgium in 2022:

Netherlands (780.3 tons)
Germany (559.7 tons)
Portugal (296.2 tons)
France (272.2 tons)
Hungary (233.3 tons)
Lithuania (181.7 tons)
Czech Republic (148.1 tons)
Switzerland (128.8 tons)
Spain (101.5 tons)
Bulgaria (76.4 tons)
Poland (72.8 tons)
Italy (62.2 tons)

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Belgium

In 2022, imports of cycles; parts thereof, wheel rims and spokeses into Belgium reduced to 953 tons, waning by -13% on the previous year. In general, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 39%.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses reduced to $8.8M in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year.

Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	2,569	2,680	2,669	2,169	-5.5%
China	296	1,106	1,788	1,796	82.4%
Taiwan (Chinese)	525	513	1,340	1,407	38.9%
Switzerland	2,953	793	924	894	-32.9%
Portugal	59.4	233	1,005	768	134.7%
Germany	564	168	237	225	-26.4%
France	1,819	626	45.3	61.8	-67.6%
Turkey	116	116	0.4	11.4	-53.9%
Hungary	1,433	238	2.9	2.2	-88.5%
Others	867	909	1,715	1,444	18.5%
Total	11,202	7,382	9,726	8,780	-7.8%