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

Contents:

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

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $5,345 per ton, surging by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. 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 +3.5% per year.

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

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $43,597 per ton, jumping by 81% against the previous year. Overall, the export price continues to indicate a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +14.3% per year.

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

In 2022, approx. 2.2K tons of cycles; parts thereof, wheel rims and spokeses were imported into Mexico; shrinking by -55.7% against the previous year's figure. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports reached the peak of 5K tons, and then reduced notably in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses contracted significantly to $12M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 96% against the previous year. As a result, imports reached the peak of $22M, and then fell remarkably in the following year.

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

1. China (2.2K tons)

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

In 2022, overseas shipments of cycles; parts thereof, wheel rims and spokeses decreased by -56% to 3.7 tons, falling for the second year in a row after two years of growth. Overall, exports showed a sharp setback. The growth pace was the most rapid in 2020 when exports increased by 32%. As a result, the exports reached the peak of 26 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses reduced rapidly to $161K in 2022. In general, exports showed a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year. As a result, the exports reached the peak of $669K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. United States (3.7 tons)

Source: IndexBox Market Intelligence Platform