Bicycle Tire Price in Canada - 2023
Contents:
- Bicycle Tire Price in Canada (CIF) - 2023
- Bicycle Tire Price in Canada (FOB) - 2022
- Bicycle Tire Imports in Canada
- Bicycle Tire Exports in Canada
Bicycle Tire Price in Canada (CIF) - 2023
The average bicycle tire import price stood at $26.3 per unit in September 2023, growing by 26% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 44% m-o-m. As a result, import price attained the peak level of $36.7 per unit. From August 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($85.9 per unit), while the price for China ($14.4 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 the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Canada (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $8.6 per unit, surging by 6.1% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2014 an increase of 29% against the previous year. As a result, the export price attained the peak level of $15 per unit. From 2015 to 2022, 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 the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -5.1% per year.
Bicycle Tire Imports in Canada
For the fourth consecutive year, Canada recorded growth in purchases abroad of new pneumatic tyres for bicycles, which increased by 14% to 1.4M units in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.6% 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 +75.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, bicycle tire imports amounted to $28M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.5% 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 +88.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Bicycle Tire in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.4 | 3.6 | 4.7 | 8.6 | 36.3% |
| China | 2.2 | 2.9 | 5.0 | 5.7 | 37.3% |
| United States | 0.7 | 0.6 | 1.2 | 4.7 | 88.7% |
| Germany | 2.0 | 2.6 | 3.1 | 2.6 | 9.1% |
| Thailand | 2.6 | 3.7 | 4.1 | 2.4 | -2.6% |
| Vietnam | 0.4 | 0.4 | 0.7 | 1.7 | 62.0% |
| Indonesia | 1.0 | 1.1 | 1.4 | 0.8 | -7.2% |
| India | 0.4 | 0.5 | 0.8 | 0.4 | 0.0% |
| Others | 2.3 | 3.3 | 3.4 | 1.3 | -17.3% |
| Total | 14.8 | 18.6 | 24.4 | 28.0 | 23.7% |
Top Suppliers of Bicycle Tire to Canada in 2022:
- China (508.9K units)
- Taiwan (Chinese) (401.0K units)
- Thailand (144.7K units)
- Vietnam (114.2K units)
- United States (87.3K units)
- Germany (74.4K units)
- Indonesia (41.3K units)
- India (22.5K units)
Bicycle Tire Exports in Canada
Bicycle tire exports from Canada skyrocketed to 873K units in 2022, increasing by 81% on the previous year. Over the period under review, exports posted 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 skyrocketed to $7.5M in 2022. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Bicycle Tire in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.4 | 2.4 | 3.8 | 7.4 | 18.9% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 4.5 | 2.5 | 3.9 | 7.5 | 18.6% |
Top Export Markets for Bicycle Tire from Canada in 2022:
- United States (869.7K units)
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