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

Contents:

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

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $3,814 per ton, surging by 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 49% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($8,272 per ton), while the price for India ($2,956 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $3,319 per ton in 2022, reducing by -34.4% against the previous year. Overall, the export price, however, continues to indicate a significant increase. Over the period under review, the average export prices attained the maximum at $10,125 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($4,176 per ton), while the average price for exports to Turkey amounted to $3,152 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the third year in a row, Morocco recorded decline in overseas purchases of cycles; parts thereof, wheel rims and spokeses, which decreased by -42.5% to 79 tons in 2022. In general, imports continue to indicate a dramatic decrease. The smallest decline of -4.5% was in 2021.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses reduced dramatically to $301K in 2022. Overall, imports showed a dramatic contraction. The smallest decline of -4.8% was in 2021.

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

1. China (66.3 tons)
2. Turkey (9.4 tons)

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

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses exported from Morocco skyrocketed to 72 tons, picking up by 52,712% against the previous year. Over the period under review, exports enjoyed a significant expansion. 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 soared to $238K in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Turkey (60.2 tons)
2. Italy (11.6 tons)

Source: IndexBox Market Intelligence Platform