Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States (CIF) - 2023
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States (FOB) - 2023
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States (CIF) - 2023
In December 2023, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $40,401 per ton, dropping by -9.8% against the previous month. Over the period under review, the import price showed a pronounced setback. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 13% month-to-month. The import price peaked at $70,610 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($72,197 per ton), while the price for Mexico ($8,928 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States (FOB) - 2023
The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $76,531 per ton in December 2023, surging by 26% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 63% against the previous month. The export price peaked at $99,105 per ton in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Austria ($257K per ton), while the average price for exports to Costa Rica ($12,694 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States
In 2022, the amount of cycles; parts, pedals and crank-gear, and parts thereoves imported into the United States contracted to 2.5K tons, which is down by -6.3% compared with the year before. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.5% 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 +37.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of 2.7K tons, and then dropped in the following year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves expanded markedly to $117M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 +66.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 38.9 | 40.7 | 57.2 | 69.7 | 21.5% |
| Japan | 18.9 | 11.0 | 17.2 | 20.4 | 2.6% |
| Malaysia | 7.4 | 8.0 | 8.8 | 13.2 | 21.3% |
| Vietnam | N/A | N/A | 1.2 | 2.8 | 133.3% |
| China | 2.4 | 1.8 | 4.2 | 2.6 | 2.7% |
| Italy | 3.2 | 3.1 | 4.7 | 2.2 | -11.7% |
| Others | 5.6 | 5.8 | 9.1 | 6.3 | 4.0% |
| Total | 76.5 | 70.4 | 102 | 117 | 15.2% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to the United States in 2022:
- Taiwan (Chinese) (1447.2 tons)
- Malaysia (349.5 tons)
- China (283.8 tons)
- Japan (251.5 tons)
- Italy (60.8 tons)
- Vietnam (41.7 tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States
Exports of cycles; parts, pedals and crank-gear, and parts thereoves from the United States fell sharply to 194 tons in 2022, with a decrease of -40.6% on the year before. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 87%. As a result, the exports reached the peak of 326 tons, and then fell remarkably in the following year.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves fell sharply to $14M in 2022. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 63% against the previous year. As a result, the exports attained the peak of $21M, and then contracted markedly in the following year.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.7 | 4.5 | 8.3 | 7.7 | 17.9% |
| Taiwan (Chinese) | 1.5 | 2.1 | 2.9 | 1.1 | -9.8% |
| Australia | 0.8 | 0.4 | 0.7 | 0.5 | -14.5% |
| Japan | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Germany | 2.1 | 1.3 | 1.0 | 0.4 | -42.5% |
| Belgium | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| Mexico | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
| Thailand | N/A | N/A | 0.4 | 0.2 | -50.0% |
| Cambodia | 0.7 | 0.2 | 0.2 | 0.1 | -47.7% |
| United Kingdom | 2.0 | 1.1 | 1.1 | 0.1 | -63.2% |
| Others | 4.0 | 2.6 | 5.7 | 2.6 | -13.4% |
| Total | 16.6 | 12.9 | 21.0 | 14.0 | -5.5% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from the United States in 2022:
- Canada (107.5 tons)
- Taiwan (Chinese) (19.5 tons)
- Cambodia (14.1 tons)
- Thailand (4.9 tons)
- Australia (4.5 tons)
- Mexico (4.0 tons)
- Germany (3.5 tons)
- Belgium (3.1 tons)
- United Kingdom (2.2 tons)
- Japan (2.1 tons)
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