Bicycle Price in Serbia - 2023
Contents:
- Bicycle Price in Serbia (FOB) - 2022
- Bicycle Price in Serbia (CIF) - 2022
- Bicycle Exports in Serbia
- Bicycle Imports in Serbia
Bicycle Price in Serbia (FOB) - 2022
In 2022, the average bicycle export price amounted to $149 per unit, increasing by 28% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle export price increased by +70.1% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($235 per unit), while the average price for exports to Greece ($105 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 Romania (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Price in Serbia (CIF) - 2022
In 2022, the average bicycle import price amounted to $121 per unit, growing by 41% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +9.0% 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 +71.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Slovenia ($652 per unit), while the price for Germany ($58 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Exports in Serbia
In 2022, after three years of growth, there was significant decline in shipments abroad of bicycles and other cycles, when their volume decreased by -28.4% to 138K units. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 45% against the previous year. Over the period under review, the exports reached the maximum at 193K units in 2021, and then fell markedly in the following year.
In value terms, bicycle exports fell to $21M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. The exports peaked at $23M in 2021, and then shrank in the following year.
| Export of Bicycle in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 2.3 | 2.3 | 3.7 | 4.8 | 27.8% |
| Germany | 0.5 | 1.0 | 1.0 | 2.0 | 58.7% |
| Hungary | 1.4 | 1.2 | 2.2 | 1.8 | 8.7% |
| Austria | 0.1 | 0.9 | 1.0 | 1.7 | 157.1% |
| Croatia | 0.9 | 1.6 | 2.3 | 1.4 | 15.9% |
| Bosnia and Herzegovina | 1.2 | 2.3 | 2.4 | 1.4 | 5.3% |
| Switzerland | N/A | 0.1 | 0.2 | 1.3 | 260.6% |
| Romania | 0.4 | 0.6 | 1.1 | 1.2 | 44.2% |
| Greece | 0.8 | 1.3 | 1.8 | 1.1 | 11.2% |
| Lithuania | N/A | 0.1 | 0.1 | 1.0 | 216.2% |
| Bulgaria | 0.6 | 1.1 | 1.7 | 1.0 | 18.6% |
| Montenegro | 0.6 | 1.0 | 0.9 | 0.6 | 0.0% |
| Others | 1.4 | 2.0 | 4.1 | 1.5 | 2.3% |
| Total | 10.3 | 15.6 | 22.5 | 20.6 | 26.0% |
Top Export Markets for Bicycle from Serbia in 2022:
- Finland (25.1K units)
- Austria (14.5K units)
- Hungary (12.5K units)
- Croatia (11.7K units)
- Romania (10.4K units)
- Greece (10.4K units)
- Bosnia and Herzegovina (8.6K units)
- Germany (8.4K units)
- Bulgaria (8.0K units)
- Switzerland (7.2K units)
- Lithuania (6.8K units)
- Montenegro (4.8K units)
Bicycle Imports in Serbia
After three years of growth, overseas purchases of bicycles and other cycles decreased by -40.4% to 18K units in 2022. In general, imports recorded a slight slump. The growth pace was the most rapid in 2021 with an increase of 31%. As a result, imports reached the peak of 31K units, and then shrank notably in the following year.
In value terms, bicycle imports dropped remarkably to $2.2M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum at $2.6M in 2021, and then plummeted in the following year.
| Import of Bicycle in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 634 | 968 | 1,156 | 774 | 6.9% |
| Slovenia | N/A | 3.0 | 1.7 | 546 | 1249.1% |
| Portugal | 12.3 | 89.6 | 143 | 133 | 121.1% |
| Bulgaria | 428 | 480 | 322 | 130 | -32.8% |
| Italy | 43.1 | 80.4 | 149 | 123 | 41.8% |
| Romania | 14.4 | 81.2 | 128 | 115 | 99.9% |
| Indonesia | 54.3 | 39.3 | 76.1 | 100 | 22.6% |
| Poland | 7.3 | 0.6 | 0.2 | 82.1 | 124.0% |
| Turkey | 21.5 | 27.3 | 355 | 55.2 | 36.9% |
| Germany | 5.1 | 6.9 | 22.7 | 23.5 | 66.4% |
| Others | 128 | 159 | 266 | 118 | -2.7% |
| Total | 1,348 | 1,935 | 2,620 | 2,200 | 17.7% |
Top Suppliers of Bicycle to Serbia in 2022:
- China (11.5K units)
- Poland (1.4K units)
- Italy (0.8K units)
- Slovenia (0.8K units)
- Romania (0.7K units)
- Portugal (0.7K units)
- Turkey (0.5K units)
- Bulgaria (0.5K units)
- Indonesia (0.4K units)
- Germany (0.4K units)
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