Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the Czech Republic - 2023

Contents:

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

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

The average import price for cycles; parts thereof, wheel rims and spokeses stood at $12,430 per ton in 2022, flattening at the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +87.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 27%. Over the period under review, average import prices attained the maximum at $12,501 per ton in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($20,916 per ton), while the price for Slovakia ($4,778 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $10,532 per ton in 2022, growing by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2020 an increase of 38%. As a result, the export price attained the peak level of $12,011 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($12,453 per ton), while the average price for exports to Poland ($7,501 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in the Czech Republic

Imports of cycles; parts thereof, wheel rims and spokeses into the Czech Republic surged to 1.2K tons in 2022, increasing by 37% compared with the year before. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses soared to $15M in 2022. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. China (561.9 tons)
2. France (151.1 tons)
3. Belgium (124.4 tons)
4. Germany (107.3 tons)
5. Portugal (69.3 tons)
6. Italy (56.0 tons)
7. Slovakia (42.7 tons)
8. Taiwan (Chinese) (42.1 tons)
9. Hungary (0.1 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in the Czech Republic

Exports of cycles; parts thereof, wheel rims and spokeses from the Czech Republic surged to 497 tons in 2022, growing by 15% against 2021. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 47%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $5.2M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 23%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Slovakia (255.1 tons)
2. Germany (89.4 tons)
3. Poland (65.1 tons)
4. Hungary (35.6 tons)
5. Belgium (18.7 tons)

Source: IndexBox Market Intelligence Platform