Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Colombia - 2022

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Colombia (CIF) - 2022
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Colombia (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Colombia
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Colombia

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $5,334 per ton, rising by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.0% per year.

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

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $9,193 per ton, rising by 20% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cycles; parts thereof, wheel rims and spokeses increased by +86.5% against 2018 indices. The growth pace was the most rapid in 2017 when the average export price increased by 57% against the previous year. As a result, the export price reached the peak level of $11,339 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($9,120 per ton), while the average price for exports to Peru ($5,267 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 Brazil (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of cycles; parts thereof, wheel rims and spokeses, when their volume decreased by -48.7% to 1.7K tons. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses shrank notably to $9M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year.

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Colombia in 2022:

1. China (1623.6 tons)

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

Exports of cycles; parts thereof, wheel rims and spokeses from Colombia was estimated at 3.9 tons in 2022, with an increase of 4.2% against the previous year. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 32%.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses surged to $36K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 51%.

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

1. Ecuador (3486.0 kg)
2. Barbados (292.0 kg)
3. Peru (90.0 kg)

Source: IndexBox Market Intelligence Platform