Colombia - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBicycle Price in Colombia - 2022
Contents:
- Bicycle Price in Colombia (CIF) - 2022
- Bicycle Price in Colombia (FOB) - 2022
- Bicycle Imports in Colombia
- Bicycle Exports in Colombia
Bicycle Price in Colombia (CIF) - 2022
The average bicycle import price stood at $117 per unit in 2022, declining by -5.2% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle import price increased by +13.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 39% against the previous year. Over the period under review, average import prices attained the maximum at $135 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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) ($696 per unit), while the price for China ($69 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Price in Colombia (FOB) - 2022
In 2022, the average bicycle export price amounted to $635 per unit, growing by 12% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2018 an increase of 97% against the previous year. Over the period under review, the average export prices hit record highs at $841 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,592 per unit), while the average price for exports to Spain ($113 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Imports in Colombia
In 2022, after three years of growth, there was significant decline in overseas purchases of bicycles and other cycles, when their volume decreased by -16.4% to 610K units. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.4% 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 +49.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, imports reached the peak of 730K units, and then contracted notably in the following year.
In value terms, bicycle imports fell notably to $71M in 2022. Over the period under review, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 71%. As a result, imports reached the peak of $90M, and then reduced sharply in the following year.
| Import of Bicycle in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.9 | 36.0 | 61.7 | 38.0 | 8.3% |
| Taiwan (Chinese) | 13.0 | 10.6 | 15.0 | 17.8 | 11.0% |
| Cambodia | 0.1 | 1.7 | 3.5 | 4.2 | 247.6% |
| Vietnam | 0.2 | 0.9 | 1.9 | 2.2 | 122.4% |
| Others | 4.3 | 3.3 | 7.9 | 9.1 | 28.4% |
| Total | 47.4 | 52.5 | 90.0 | 71.3 | 14.6% |
Top Suppliers of Bicycle to Colombia in 2022:
- China (550.0K units)
- Taiwan (Chinese) (25.6K units)
- Vietnam (10.7K units)
- Cambodia (9.6K units)
Bicycle Exports in Colombia
After three years of growth, shipments abroad of bicycles and other cycles decreased by -28.8% to 823 units in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 116%. As a result, the exports reached the peak of 1.2K units, and then declined significantly in the following year.
In value terms, bicycle exports contracted notably to $523K in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 202%. Over the period under review, the exports attained the peak figure at $654K in 2021, and then fell rapidly in the following year.
| Export of Bicycle in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.8 | 70.3 | 114 | 102 | 72.7% |
| Ecuador | 12.2 | 18.6 | 77.7 | 98.7 | 100.7% |
| Costa Rica | 0.4 | 55.8 | 0.2 | 44.4 | 380.6% |
| Mexico | 2.3 | 0.1 | 54.3 | 40.5 | 160.2% |
| Barbados | 2.4 | 7.9 | 21.9 | 30.9 | 134.4% |
| Peru | 1.1 | 6.7 | 38.9 | 29.0 | 197.6% |
| United States | 21.8 | 50.5 | 249 | 27.5 | 8.1% |
| Venezuela | 8.8 | 10.2 | 32.6 | 24.3 | 40.3% |
| France | 3.1 | 9.6 | 30.9 | 23.0 | 95.0% |
| Panama | 1.5 | 2.6 | N/A | 3.5 | 32.6% |
| Spain | 1.2 | 1.1 | 0.1 | 2.6 | 29.4% |
| Mozambique | 9.4 | N/A | N/A | N/A | 0% |
| Others | 45.9 | 158 | 33.8 | 96.7 | 28.2% |
| Total | 130 | 392 | 654 | 523 | 59.0% |
Top Export Markets for Bicycle from Colombia in 2022:
- Ecuador (296.0 units)
- Venezuela (211.0 units)
- Peru (47.0 units)
- China (39.0 units)
- Barbados (38.0 units)
- Mexico (34.0 units)
- United States (30.0 units)
- Panama (28.0 units)
- France (23.0 units)
- Spain (23.0 units)
- Costa Rica (20.0 units)
This report provides an in-depth analysis of the bicycle market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
- Prodcom 30921030 -
- Prodcom 30921050 -
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the bicycle market in Colombia.
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This report provides an in-depth analysis of the global bicycle market.
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This report provides an in-depth analysis of the bicycle market in Colombia.
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This report provides an in-depth analysis of the global bicycle market.
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Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
535
In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
1097
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
891
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
1923
The global trade in bicycles amounted to X million USD in 2015, fluctuating mildly over the period under review. A significant drop in 2009 was followed by robust growth over next three years, until it levelled off thro
1330
Canyon Bicycles, a well-known German bicycle producer, has announced the opening of an office in Melbourne, Australia, as well as the launching of direct sales in New Zealand. The new office will act as a representative of Canyon Bicycles, participatin
223
Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
535
In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
1097
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
891
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
