Bicycle Tire Price in Bangladesh - 2022
Contents:
- Bicycle Tire Price in Bangladesh (CIF) - 2022
- Bicycle Tire Price in Bangladesh (FOB) - 2022
- Bicycle Tire Imports in Bangladesh
- Bicycle Tire Exports in Bangladesh
Bicycle Tire Price in Bangladesh (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $3.6 per unit, with an increase of 7.7% against the previous year. Overall, the import price posted buoyant growth. The pace of growth was the most pronounced in 2018 an increase of 101% against the previous year. Over the period under review, average import prices hit record highs at $5.1 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($8.7 per unit), while the price for China ($2.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Bangladesh (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $1.8 per unit, declining by -3.7% against the previous year. In general, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. The export price peaked at $2.8 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +4.2% per year.
Bicycle Tire Imports in Bangladesh
After three years of growth, purchases abroad of new pneumatic tyres for bicycles decreased by -25.7% to 1.7M units in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 132%. As a result, imports attained the peak of 2.3M units, and then reduced remarkably in the following year.
In value terms, bicycle tire imports contracted markedly to $6.1M in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. As a result, imports attained the peak of $7.7M, and then declined markedly in the following year.
| Import of Bicycle Tire in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 457 | 1,705 | 2,572 | 1,870 | 59.9% |
| China | 1,544 | 1,172 | 2,220 | 1,391 | -3.4% |
| India | 890 | 795 | 1,076 | 995 | 3.8% |
| Sri Lanka | 87.0 | 364 | 853 | 705 | 100.9% |
| Thailand | 66.2 | 337 | 308 | 557 | 103.4% |
| Indonesia | 52.3 | 87.9 | 491 | 517 | 114.6% |
| Taiwan (Chinese) | 58.3 | 146 | 140 | 92.8 | 16.8% |
| Others | 9.9 | N/A | N/A | 7.1 | -10.5% |
| Total | 3,166 | 4,606 | 7,660 | 6,133 | 24.7% |
Top Suppliers of Bicycle Tire to Bangladesh in 2022:
- China (606.3K units)
- India (419.1K units)
- Sri Lanka (239.1K units)
- Vietnam (214.1K units)
- Thailand (126.6K units)
- Indonesia (59.1K units)
- Taiwan (Chinese) (20.9K units)
Bicycle Tire Exports in Bangladesh
After three years of growth, shipments abroad of new pneumatic tyres for bicycles decreased by -24% to 930K units in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 154%. Over the period under review, the exports hit record highs at 1.2M units in 2021, and then contracted markedly in the following year.
In value terms, bicycle tire exports reduced remarkably to $1.7M in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 120% against the previous year. Over the period under review, the exports reached the peak figure at $2.3M in 2021, and then fell notably in the following year.
| Export of Bicycle Tire in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.4 | 1.0 | 2.2 | 1.7 | 62.0% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 0.5 | 1.1 | 2.3 | 1.7 | 50.4% |
Top Export Markets for Bicycle Tire from Bangladesh in 2022:
- Turkey (926.4K units)
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