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

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Finland (CIF) - 2023
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Finland (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Finland
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Finland

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Finland (CIF) - 2023

The average import price for cycles; parts thereof, wheel rims and spokeses stood at $10,387 per ton in November 2023, growing by 51% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 138% against the previous month. As a result, import price reached the peak level of $19,601 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($30,929 per ton), while the price for Denmark ($5,634 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $21,882 per ton in 2022, remaining constant against the previous year. In general, the export price, however, saw a slight descent. The pace of growth appeared the most rapid in 2015 an increase of 47% against the previous year. Over the period under review, the average export prices attained the maximum at $49,749 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($30,672 per ton), while the average price for exports to Denmark ($9,479 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 Sweden (+2.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 153 tons of cycles; parts thereof, wheel rims and spokeses were imported into Finland; picking up by 27% compared with the previous year. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses surged to $1.6M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +89.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. France (66.9 tons)
2. China (37.7 tons)
3. Belgium (17.9 tons)
4. Denmark (13.8 tons)
5. Czech Republic (6.3 tons)
6. Germany (3.7 tons)
7. Taiwan (Chinese) (1.0 tons)

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

In 2022, after three years of growth, there was decline in shipments abroad of cycles; parts thereof, wheel rims and spokeses, when their volume decreased by -4.8% to 8.5 tons. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 255% against the previous year. As a result, the exports attained the peak of 8.9 tons, and then contracted slightly in the following year.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses fell to $185K in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 132% against the previous year. As a result, the exports attained the peak of $192K, and then reduced in the following year.

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

1. Sweden (3.7 tons)
2. Denmark (2.7 tons)
3. Kazakhstan (1.2 tons)
4. Russia (0.6 tons)
5. Latvia (0.2 tons)

Source: IndexBox Market Intelligence Platform