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

Contents:

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

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

The average import price for cycles; parts thereof, wheel rims and spokeses stood at $9,779 per ton in 2022, shrinking by -36.2% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $18,435 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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) ($54,697 per ton), while the price for Ireland ($2,227 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+31.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $31,681 per ton, picking up by 31% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cycles; parts thereof, wheel rims and spokeses decreased by -4.1% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 34% against the previous year. The export price peaked at $33,022 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Germany ($59,629 per ton), while the average price for exports to Australia ($17,267 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 Ireland (+14.5%), 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 UK

After three years of growth, supplies from abroad of cycles; parts thereof, wheel rims and spokeses decreased by -43.6% to 1K tons in 2022. Overall, imports recorded a perceptible decline. The growth pace was the most rapid in 2021 when imports increased by 59%. As a result, imports attained the peak of 1.9K tons, and then shrank sharply in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses contracted notably to $10M in 2022. Over the period under review, imports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 53%. As a result, imports attained the peak of $29M, and then reduced sharply in the following year.

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

1. China (553.5 tons)
2. Netherlands (225.5 tons)
3. Hungary (58.1 tons)
4. France (47.1 tons)
5. Belgium (43.6 tons)
6. Taiwan (Chinese) (41.5 tons)
7. Ireland (23.5 tons)
8. Italy (1.0 tons)

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

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses exported from the UK fell significantly to 91 tons, shrinking by -24.1% compared with 2021. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 87%. As a result, the exports attained the peak of 119 tons, and then fell remarkably in the following year.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses fell to $2.9M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +63.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $2.9M, leveling off in the following year.

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

1. Australia (22.5 tons)
2. Switzerland (15.4 tons)
3. Netherlands (12.8 tons)
4. United States (7.1 tons)
5. Belgium (6.9 tons)
6. Ireland (3.8 tons)
7. Germany (2.9 tons)
8. Austria (1.6 tons)
9. Israel (1.3 tons)
10. France (1.3 tons)
11. Spain (0.4 tons)
12. Singapore (0.1 tons)

Source: IndexBox Market Intelligence Platform