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

Contents:

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

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

The average import price for cycles; parts thereof, wheel rims and spokeses stood at $1,233 per ton in 2022, increasing by 4% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cycles; parts thereof, wheel rims and spokeses increased by +64.5% against 2015 indices. The pace of growth was the most pronounced in 2018 an increase of 29%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,313 per ton), while the price for Japan ($336 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $517 per ton, waning by -88.1% against the previous year. Over the period under review, the export price showed a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 276%. As a result, the export price attained the peak level of $7,000 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Zambia amounted to +26.3% per year.

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

In 2022, approx. 1.8K tons of cycles; parts thereof, wheel rims and spokeses were imported into Tanzania; which is down by -7.5% compared with 2021 figures. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 12%.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses contracted modestly to $2.3M in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of $2.4M, and then shrank slightly in the following year.

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

1. China (1452.7 tons)
2. India (298.1 tons)
3. Japan (30.8 tons)
4. United Arab Emirates (6.9 tons)

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

Exports of cycles; parts thereof, wheel rims and spokeses from Tanzania surged to 18 tons in 2022, with an increase of 316% on the previous year's figure. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses contracted dramatically to $9.3K in 2022. Overall, exports, however, saw a perceptible descent. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. As a result, the exports attained the peak of $19K, and then reduced markedly in the following year.

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

1. China (18.0 tons)

Source: IndexBox Market Intelligence Platform