Bicycle Tire Price in Belgium - 2023
Contents:
- Bicycle Tire Price in Belgium (CIF) - 2022
- Bicycle Tire Price in Belgium (FOB) - 2023
- Bicycle Tire Imports in Belgium
- Bicycle Tire Exports in Belgium
Bicycle Tire Price in Belgium (CIF) - 2022
The average bicycle tire import price stood at $5.1 per unit in 2022, declining by -32.2% against the previous year. In general, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22%. The import price peaked at $9.6 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 Italy ($31 per unit), while the price for Thailand ($2.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Belgium (FOB) - 2023
In August 2023, the average bicycle tire export price amounted to $35.9 per thousand units, waning by -99.7% against the previous month. In general, the export price faced a dramatic downturn. The pace of growth appeared the most rapid in September 2022 an increase of 37% m-o-m. As a result, the export price reached the peak level of $21.8 per unit. From October 2022 to August 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for France.
From August 2022 to August 2023, the rate of growth in terms of prices for France amounted to -41.0% per month.
Bicycle Tire Imports in Belgium
For the fourth consecutive year, Belgium recorded growth in purchases abroad of new pneumatic tyres for bicycles, which increased by 38% to 3.3M units in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 72% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, bicycle tire imports fell to $17M in 2022. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of $18M, and then reduced in the following year.
Import of Bicycle Tire in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 2.3 | 3.7 | 5.4 | 6.4 | 40.7% |
Italy | 1.5 | 1.8 | 3.2 | 3.6 | 33.9% |
Thailand | 0.5 | 1.3 | 4.6 | 3.2 | 85.7% |
France | 1.6 | 1.9 | 1.5 | 1.5 | -2.1% |
Taiwan (Chinese) | 0.3 | 0.3 | 0.8 | 0.8 | 38.7% |
China | 0.2 | 0.6 | 0.8 | 0.6 | 44.2% |
Germany | 1.4 | 0.5 | 0.6 | 0.3 | -40.2% |
Sri Lanka | 0.2 | 0.7 | 0.2 | N/A | 0.0% |
Indonesia | 0.1 | 0.9 | 0.1 | N/A | 0.0% |
Others | 0.4 | 0.4 | 0.9 | 0.3 | -9.1% |
Total | 8.5 | 12.2 | 17.9 | 16.7 | 25.2% |
Top Suppliers of Bicycle Tire to Belgium in 2022:
- Thailand (1410.5K units)
- Netherlands (1195.2K units)
- China (193.2K units)
- Taiwan (Chinese) (132.0K units)
- Italy (116.1K units)
- France (106.2K units)
- Germany (54.2K units)
- Indonesia (2.4K units)
Bicycle Tire Exports in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of new pneumatic tyres for bicycles, when their volume decreased by -43.7% to 580K units. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 180% against the previous year. The exports peaked at 1M units in 2021, and then fell markedly in the following year.
In value terms, bicycle tire exports dropped to $7.6M in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 125% against the previous year. The exports peaked at $8.7M in 2021, and then reduced in the following year.
Export of Bicycle Tire in Belgium (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 30.2 | 988 | 5,156 | 2,838 | 354.6% |
Netherlands | 1,144 | 1,775 | 1,642 | 1,887 | 18.2% |
United Kingdom | 855 | 718 | 873 | 1,224 | 12.7% |
Germany | 369 | 1,530 | 665 | 828 | 30.9% |
Italy | 12.5 | 113 | 126 | 272 | 179.2% |
Poland | 15.2 | 123 | 25.4 | 86.1 | 78.3% |
Hungary | N/A | 18.5 | 6.9 | 40.5 | 48.0% |
Others | 84.9 | 385 | 227 | 388 | 65.9% |
Total | 2,511 | 5,650 | 8,722 | 7,564 | 44.4% |
Top Export Markets for Bicycle Tire from Belgium in 2022:
- France (427.7K units)
- United Kingdom (41.8K units)
- Germany (26.8K units)
- Netherlands (19.0K units)
- Italy (13.1K units)
- Hungary (12.8K units)
- Poland (10.5K units)
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China dominates in the global tyres for motorcycles or bicycles trade. In 2014, China exported X million units of tyres for motorcycles or bicycles totaling X million USD, X% over the previous year. Its primary trading partner was Nigeria, where
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
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