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

Contents:

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

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

The average import price for cycles; parts thereof, wheel rims and spokeses stood at $18,430 per ton in 2022, shrinking by -2.9% against the previous year. Overall, the import price saw a deep slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 22%. The import price peaked at $46,909 per ton in 2013; however, from 2014 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 ($48,015 per ton), while the price for China ($11,059 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $9,759 per ton in 2022, dropping by -40.1% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 72% against the previous year. The export price peaked at $33,062 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($34,801 per ton), while the average price for exports to Faroe Islands ($3,176 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 Iceland (+5.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of cycles; parts thereof, wheel rims and spokeses decreased by -24.5% to 92 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a mild descent. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses fell markedly to $1.7M in 2022. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports reached the peak of $2.3M, and then shrank notably in the following year.

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

1. Netherlands (18.5 tons)
2. China (15.7 tons)
3. Belgium (15.6 tons)
4. Taiwan (Chinese) (12.2 tons)
5. Sweden (9.1 tons)
6. Spain (6.4 tons)
7. Germany (5.3 tons)
8. United States (1.1 tons)
9. France (0.6 tons)

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

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses exported from Denmark surged to 49 tons, rising by 90% against 2021 figures. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses expanded remarkably to $474K in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Faroe Islands (20.4 tons)
2. Norway (7.4 tons)
3. Iceland (5.4 tons)
4. Sweden (4.5 tons)
5. Greenland (1.6 tons)
6. Finland (1.3 tons)
7. Germany (1.3 tons)
8. Poland (1.1 tons)
9. Luxembourg (0.9 tons)
10. Czech Republic (0.8 tons)

Source: IndexBox Market Intelligence Platform