Bicycle Tire Price in Chile - 2023

Bicycle Tire Price in Chile (CIF) - 2022

In 2022, the average bicycle tire import price amounted to $4.7 per unit, jumping by 28% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle tire import price increased by +62.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 37%. As a result, import price reached the peak level of $4.7 per unit; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($15 per unit), while the price for China ($3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Bicycle Tire Price in Chile (FOB) - 2022

The average bicycle tire export price stood at $11 per unit in 2022, increasing by 3.3% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2018 an increase of 65% against the previous year. As a result, the export price attained the peak level of $21 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -11.1% per year.

Bicycle Tire Imports in Chile

In 2022, purchases abroad of new pneumatic tyres for bicycles decreased by -38.5% to 1.5M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 100%. As a result, imports attained the peak of 2.4M units, and then declined dramatically in the following year.

In value terms, bicycle tire imports reduced rapidly to $7M in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 154%. As a result, imports reached the peak of $8.9M, and then contracted sharply in the following year.

Import of Bicycle Tire in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.7	2.0	4.9	3.4	26.0%
Taiwan (Chinese)	0.7	0.4	1.1	1.5	28.9%
Thailand	0.4	0.5	0.8	0.7	20.5%
Vietnam	0.1	N/A	0.9	0.6	81.7%
India	0.1	0.1	0.3	N/A	73.2%
Others	0.6	0.5	1.0	0.8	10.1%
Total	3.6	3.5	8.9	7.0	24.8%

Top Suppliers of Bicycle Tire to Chile in 2022:

China (1128.6K units)
Thailand (147.9K units)
Taiwan (Chinese) (98.9K units)
Vietnam (73.9K units)
India (6.4K units)

Bicycle Tire Exports in Chile

In 2022, shipments abroad of new pneumatic tyres for bicycles decreased by -30.6% to 5.6K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,622% against the previous year. Over the period under review, the exports hit record highs at 8.1K units in 2021, and then plummeted in the following year.

In value terms, bicycle tire exports reduced remarkably to $63K in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 514%. The exports peaked at $88K in 2021, and then contracted rapidly in the following year.