Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia - 2023
Contents:
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia (CIF) - 2022
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia (FOB) - 2022
- Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia
- Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia
Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia (CIF) - 2022
The average import price for cycles; parts thereof, wheel rims and spokeses stood at $29,038 per ton in 2022, shrinking by -21.6% against the previous year. Over the period under review, the import price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 353% against the previous year. As a result, import price reached the peak level of $37,026 per ton, and then shrank dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($52,483 per ton), while the price for China ($10,094 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia (FOB) - 2022
The average export price for cycles; parts thereof, wheel rims and spokeses stood at $307,600 per ton in 2022, rising by 894% against the previous year. In general, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 South Korea ($713,333 per ton), while the average price for exports to Lithuania ($15,000 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia
In 2022, purchases abroad of cycles; parts thereof, wheel rims and spokeses decreased by -53.7% to 1.2 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 129% against the previous year. As a result, imports attained the peak of 15 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cycles; parts thereof, wheel rims and spokeses dropped significantly to $34K in 2022. In general, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 82%. As a result, imports attained the peak of $125K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 19.3 | 25.6 | 30.2 | 18.2 | -1.9% |
| Netherlands | 0.2 | 1.0 | 0.4 | 3.3 | 154.6% |
| Poland | 11.3 | 5.4 | 1.5 | 3.2 | -34.3% |
| Lithuania | 0.6 | 1.0 | 1.9 | 2.5 | 60.9% |
| China | 26.7 | 72.8 | 0.4 | 2.4 | -55.2% |
| Taiwan (Chinese) | 1.5 | 0.2 | 3.1 | 1.5 | 0.0% |
| France | 0.5 | 0.3 | 0.2 | 0.5 | 0.0% |
| Italy | N/A | N/A | 17.7 | N/A | 0% |
| Others | 8.4 | 18.8 | 39.0 | 2.6 | -32.4% |
| Total | 68.7 | 125 | 94.4 | 34.2 | -20.7% |
Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Latvia in 2022:
- Czech Republic (403.0 kg)
- China (233.0 kg)
- Lithuania (197.0 kg)
- Netherlands (146.0 kg)
- Poland (77.0 kg)
- France (31.0 kg)
- Taiwan (Chinese) (29.0 kg)
Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of cycles; parts thereof, wheel rims and spokeses, when their volume decreased by -98.3% to 15 kg. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 2,506%. As a result, the exports attained the peak of 860 kg, and then plummeted in the following year.
In value terms, exports of cycles; parts thereof, wheel rims and spokeses contracted remarkably to $4.6K in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 1,922%. As a result, the exports attained the peak of $27K, and then contracted markedly in the following year.
| Export of Cycles; Parts Thereof, Wheel Rims and Spokes in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 4.3 | 0% |
| Kazakhstan | N/A | N/A | N/A | 0.2 | 0% |
| Lithuania | 0.2 | 0.8 | 1.2 | 0.1 | -20.6% |
| Russia | N/A | 0.5 | 25.2 | N/A | 4940.0% |
| Estonia | 0.2 | 0.1 | 0.3 | N/A | 22.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.4 | 1.3 | 26.6 | 4.6 | 125.7% |
Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Latvia in 2022:
- South Korea (6.0 kg)
- Lithuania (5.0 kg)
- Kazakhstan (3.0 kg)
- Estonia (1.0 kg)
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