Bicycle Price in Slovenia - 2023
Contents:
- Bicycle Price in Slovenia (CIF) - 2023
- Bicycle Price in Slovenia (FOB) - 2022
- Bicycle Imports in Slovenia
- Bicycle Exports in Slovenia
Bicycle Price in Slovenia (CIF) - 2023
In October 2023, the average bicycle import price amounted to $674 per unit, with an increase of 54% against the previous month. Overall, the import price saw a prominent expansion. 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 October 2023, the country with the highest price was Taiwan (Chinese) ($2,226 per unit), while the price for Thailand ($112 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Bicycle Price in Slovenia (FOB) - 2022
In 2022, the average bicycle export price amounted to $334 per unit, surging by 13% against the previous year. In general, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56% against the previous year. The export price peaked at $549 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($428 per unit), while the average price for exports to Austria ($323 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 Serbia (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.
Bicycle Imports in Slovenia
For the fourth consecutive year, Slovenia recorded growth in overseas purchases of bicycles and other cycles, which increased by 9.6% to 133K units in 2022. The total import volume increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, bicycle imports skyrocketed to $57M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Bicycle in Slovenia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | 5.2 | 11.0 | 20.0 | 96.1% |
| Italy | 3.4 | 3.8 | 5.1 | 6.4 | 23.5% |
| Netherlands | 1.8 | 8.6 | 8.5 | 5.8 | 47.7% |
| Belgium | 0.1 | 4.8 | 4.7 | 5.6 | 282.6% |
| Austria | 1.0 | 2.7 | 3.0 | 4.1 | 60.1% |
| Germany | 4.5 | 3.0 | 3.9 | 3.9 | -4.7% |
| Croatia | 0.2 | 2.5 | 2.5 | 2.3 | 125.7% |
| Cambodia | 4.8 | 1.3 | 3.7 | 2.2 | -22.9% |
| Indonesia | 0.9 | 0.8 | 1.4 | 1.4 | 15.9% |
| Taiwan (Chinese) | 5.7 | 1.2 | 1.0 | 1.1 | -42.2% |
| Czech Republic | 1.0 | 1.5 | 1.0 | 1.0 | 0.0% |
| China | 1.7 | 0.3 | 0.4 | 0.7 | -25.6% |
| Thailand | 0.3 | 0.4 | 0.1 | 0.4 | 10.1% |
| Others | 3.0 | 2.3 | 2.7 | 2.6 | -4.7% |
| Total | 28.3 | 38.5 | 49.1 | 57.4 | 26.6% |
Top Suppliers of Bicycle to Slovenia in 2022:
- Bangladesh (66.5K units)
- Italy (14.6K units)
- Austria (11.4K units)
- Belgium (5.6K units)
- Cambodia (5.5K units)
- Netherlands (5.3K units)
- Indonesia (4.0K units)
- Germany (3.1K units)
- Croatia (2.4K units)
- Czech Republic (2.2K units)
- Thailand (2.2K units)
- Taiwan (Chinese) (1.6K units)
- China (1.5K units)
Bicycle Exports in Slovenia
In 2022, approx. 78K units of bicycles and other cycles were exported from Slovenia; rising by 24% on the previous year. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 206% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, bicycle exports surged to $26M in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 187% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Bicycle in Slovenia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | 5.3 | 13.5 | 21.3 | 100.5% |
| Croatia | 2.8 | 2.7 | 3.4 | 3.0 | 2.3% |
| Serbia | N/A | N/A | N/A | 0.7 | 0% |
| Hungary | N/A | 1.0 | 0.6 | 0.3 | -45.2% |
| Others | 0.6 | 0.7 | 1.1 | 0.9 | 14.5% |
| Total | 3.4 | 9.7 | 18.6 | 26.2 | 97.5% |
Top Export Markets for Bicycle from Slovenia in 2022:
- Austria (65.8K units)
- Croatia (8.1K units)
- Serbia (1.7K units)
- Hungary (0.8K units)
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