Bicycle Tire Price in Cameroon - 2022
Contents:
- Bicycle Tire Price in Cameroon (CIF) - 2022
- Bicycle Tire Price in Cameroon (FOB) - 2022
- Bicycle Tire Imports in Cameroon
- Bicycle Tire Exports in Cameroon
Bicycle Tire Price in Cameroon (CIF) - 2022
The average bicycle tire import price stood at $4.3 per unit in 2022, waning by -14.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 when the average import price increased by 42%. As a result, import price attained the peak level of $5 per unit, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($4.5 per unit), while the price for the United Arab Emirates ($1.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.
Bicycle Tire Price in Cameroon (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $2.5 per unit, waning by -29.4% against the previous year. In general, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of 10%. Over the period under review, the average export prices attained the maximum at $4.1 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Central African Republic ($2.5 per unit), while the average price for exports to Gabon amounted to $2 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (-4.0%), while the prices for the other major destinations experienced a decline.
Bicycle Tire Imports in Cameroon
In 2022, approx. 36K units of new pneumatic tyres for bicycles were imported into Cameroon; increasing by 7.1% on the previous year's figure. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 173% against the previous year. As a result, imports attained the peak of 39K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, bicycle tire imports fell to $151K in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 106% against the previous year. Over the period under review, imports hit record highs at $166K in 2021, and then contracted in the following year.
| Import of Bicycle Tire in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | N/A | N/A | N/A | 71.8 | 0% |
| China | 37.2 | 99.2 | 146 | 67.2 | 21.8% |
| India | 11.6 | 19.7 | 8.8 | 6.3 | -18.4% |
| United Arab Emirates | 12.9 | 11.9 | 6.3 | 2.4 | -42.9% |
| Others | 4.7 | 6.0 | 5.0 | 3.6 | -8.5% |
| Total | 66.3 | 137 | 166 | 151 | 31.6% |
Top Suppliers of Bicycle Tire to Cameroon in 2022:
- Nigeria (16.0K units)
- China (15.0K units)
- India (2.5K units)
- United Arab Emirates (1.5K units)
Bicycle Tire Exports in Cameroon
For the fourth consecutive year, Cameroon recorded growth in overseas shipments of new pneumatic tyres for bicycles, which increased by 17% to 529 units in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 761% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, bicycle tire exports reduced rapidly to $1.3K in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 590% against the previous year. The exports peaked at $1.6K in 2021, and then fell rapidly in the following year.
| Export of Bicycle Tire in Cameroon (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Central African Republic | N/A | N/A | 1,624 | 1,346 | -17.1% |
| Gabon | 155 | 1,070 | 1.0 | 2.0 | -76.5% |
| Others | N/A | N/A | 3.0 | N/A | 0% |
| Total | 155 | 1,070 | 1,628 | 1,348 | 105.6% |
Top Export Markets for Bicycle Tire from Cameroon in 2022:
- Central African Republic (528.0 units)
- Gabon (1.0 units)
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