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

Contents:

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

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $8,835 per ton, picking up by 65% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $9,573 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 +2.8% per year.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $15,084 per ton in 2022, which is down by -32.4% against the previous year. In general, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 227%. As a result, the export price attained the peak level of $55,567 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($24,220 per ton), while the average price for exports to Cuba totaled $9,490 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+1.0%).

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

After three years of growth, supplies from abroad of cycles; parts thereof, wheel rims and spokeses decreased by -37.4% to 179 tons in 2022. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 75%. As a result, imports reached the peak of 286 tons, and then contracted significantly in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses reached $1.6M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

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

1. China (177.1 tons)

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

In 2022, overseas shipments of cycles; parts thereof, wheel rims and spokeses were finally on the rise to reach 790 kg after two years of decline. Overall, exports, however, showed a sharp descent.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses surged to $12K in 2022. In general, exports, however, recorded a dramatic contraction.

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

1. Cuba (490.0 kg)
2. Haiti (300.0 kg)

Source: IndexBox Market Intelligence Platform