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

Contents:

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

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $18,614 per ton in November 2023, increasing by 18% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($50,659 per ton), while the average price for exports to Poland ($11,547 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $12,478 per ton, rising by 84% against the previous year. Overall, the import price, however, showed a mild reduction. Over the period under review, average import prices attained the maximum at $24,475 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($30,297 per ton), while the price for France ($6,158 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses exported from Portugal rose sharply to 1.5K tons, picking up by 5% compared with the previous year's figure. The total export volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses surged to $22M in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 51%. The exports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Germany (599.0 tons)
2. Netherlands (201.9 tons)
3. Spain (119.4 tons)
4. France (104.3 tons)
5. Hungary (97.4 tons)
6. Czech Republic (76.3 tons)
7. Lithuania (72.7 tons)

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

In 2022, overseas purchases of cycles; parts thereof, wheel rims and spokeses decreased by -51.4% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 225%. As a result, imports attained the peak of 3.4K tons, and then declined dramatically in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses shrank to $21M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +55.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. As a result, imports attained the peak of $23M, and then dropped in the following year.

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

1. France (979.1 tons)
2. China (276.1 tons)
3. Germany (124.7 tons)
4. Italy (64.7 tons)
5. Taiwan (Chinese) (55.9 tons)
6. Belgium (52.8 tons)
7. Netherlands (27.4 tons)
8. Spain (16.5 tons)

Source: IndexBox Market Intelligence Platform