Bicycle Tire Price in Australia - 2023
Contents:
- Bicycle Tire Price in Australia (CIF) - 2023
- Bicycle Tire Price in Australia (FOB) - 2022
- Bicycle Tire Imports in Australia
- Bicycle Tire Exports in Australia
Bicycle Tire Price in Australia (CIF) - 2023
The average bicycle tire import price stood at $14.0 per unit in September 2023, falling by -21.1% against the previous month. Over the period under review, import price indicated a noticeable expansion from September 2022 to September 2023: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, bicycle tire import price decreased by -27.5% against June 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 76% month-to-month. Over the period under review, average import prices hit record highs at $19.4 per unit in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($35.6 per unit), while the price for Indonesia ($4.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Australia (FOB) - 2022
The average bicycle tire export price stood at $26 per unit in 2022, falling by -62.4% against the previous year. In general, the export price, however, posted a prominent increase. The growth pace was the most rapid in 2020 when the average export price increased by 482% against the previous year. As a result, the export price reached the peak level of $178 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($61 per unit), while the average price for exports to New Zealand ($20 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 Singapore (+87.4%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Australia
Bicycle tire imports into Australia rose notably to 1.2M units in 2022, with an increase of 11% on 2021. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, bicycle tire imports skyrocketed to $15M in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bicycle Tire in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1.9 | 3.3 | 3.6 | 5.5 | 42.5% |
| Thailand | 1.6 | 1.8 | 1.7 | 2.7 | 19.1% |
| China | 0.8 | 0.8 | 1.2 | 1.2 | 14.5% |
| Germany | 1.1 | 1.1 | 0.8 | 1.1 | 0.0% |
| Italy | 0.3 | 0.8 | 0.9 | 1.0 | 49.4% |
| Indonesia | 0.8 | 0.7 | 0.9 | 1.0 | 7.7% |
| Vietnam | 0.3 | 0.3 | 0.5 | 0.7 | 32.6% |
| Others | 0.4 | 0.9 | 1.2 | 1.6 | 58.7% |
| Total | 7.1 | 9.6 | 10.9 | 14.9 | 28.0% |
Top Suppliers of Bicycle Tire to Australia in 2022:
- Taiwan (Chinese) (358.4K units)
- China (264.0K units)
- Thailand (251.4K units)
- Vietnam (75.1K units)
- Indonesia (66.3K units)
- Italy (56.2K units)
- Germany (46.1K units)
Bicycle Tire Exports in Australia
In 2022, bicycle tire exports from Australia surged to 3.7K units, rising by 1,542% compared with the previous year. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bicycle tire exports surged to $97K in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 522% against the previous year. As a result, the exports attained the peak of $198K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Bicycle Tire in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 85.4 | 0% |
| Fiji | 9.6 | N/A | N/A | 8.0 | -5.9% |
| New Zealand | 0.2 | 18.7 | 4.7 | 2.2 | 122.4% |
| Japan | 14.5 | N/A | N/A | N/A | 0% |
| Namibia | 0.1 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 0.8 | N/A | 0.5 | N/A | -20.9% |
| Singapore | 6.2 | 179 | 2.4 | N/A | -37.8% |
| Others | 0.4 | N/A | 8.2 | 1.5 | 55.4% |
| Total | 31.8 | 198 | 15.8 | 97.2 | 45.1% |
Top Export Markets for Bicycle Tire from Australia in 2022:
- Italy (3480.0 units)
- Fiji (132.0 units)
- New Zealand (112.0 units)
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