Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines - 2022
Contents:
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines (CIF) - 2022
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines (FOB) - 2022
- Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines
- Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines
Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines (CIF) - 2022
The average import price for cycles; parts thereof, wheel rims and spokeses stood at $1,005 per ton in 2022, with an increase of 5.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 25%. The import price peaked at $1,075 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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) ($1,382 per ton), while the price for Malaysia ($553 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.1%), 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 Philippines (FOB) - 2022
The average export price for cycles; parts thereof, wheel rims and spokeses stood at $3,964 per ton in 2022, dropping by -11.2% against the previous year. Over the period under review, the export price, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2017 an increase of 46%. As a result, the export price reached the peak level of $6,612 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($3,964 per ton), while the average price for exports to Japan ($3,887 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.4%), while the prices for the other major destinations experienced a decline.
Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines
In 2022, approx. 1.1K tons of cycles; parts thereof, wheel rims and spokeses were imported into the Philippines; which is down by -71.4% against 2021 figures. In general, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 20%.
In value terms, imports of cycles; parts thereof, wheel rims and spokeses dropped markedly to $1.1M in 2022. Over the period under review, imports showed a sharp setback. The pace of growth appeared the most rapid in 2021 when imports increased by 27%.
| Import of Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,811 | 2,144 | 1,965 | 788 | -40.9% |
| Taiwan (Chinese) | 408 | 362 | 231 | 104 | -36.6% |
| Malaysia | 22.3 | 7.3 | 25.2 | 67.3 | 44.5% |
| Japan | 108 | 54.6 | 56.8 | 56.1 | -19.6% |
| Thailand | 302 | 30.2 | 18.4 | 1.8 | -81.9% |
| Singapore | 225 | 152 | 103 | 0.9 | -84.1% |
| Others | 682 | 72.0 | 1,178 | 64.8 | -54.4% |
| Total | 5,558 | 2,823 | 3,578 | 1,083 | -42.0% |
Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to the Philippines in 2022:
- China (772.6 tons)
- Malaysia (121.5 tons)
- Taiwan (Chinese) (75.3 tons)
- Japan (68.7 tons)
- Thailand (2.7 tons)
- Singapore (0.9 tons)
Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines
In 2022, shipments abroad of cycles; parts thereof, wheel rims and spokeses decreased by -8.6% to 47 tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 265% against the previous year. As a result, the exports reached the peak of 53 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cycles; parts thereof, wheel rims and spokeses dropped notably to $187K in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 224%. As a result, the exports reached the peak of $265K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cycles; Parts Thereof, Wheel Rims and Spokes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 81.6 | 184 | 229 | 153 | 23.3% |
| Poland | N/A | N/A | N/A | 33.2 | 0% |
| Hong Kong SAR | N/A | 41.3 | N/A | N/A | 0% |
| Others | 0.2 | 40.2 | 0.7 | 0.2 | 0.0% |
| Total | 81.8 | 265 | 230 | 187 | 31.7% |
Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from the Philippines in 2022:
- Sweden (38.6 tons)
- Poland (8.4 tons)
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