Bicycle Tire Price in China - 2023
Contents:
- Bicycle Tire Price in China (FOB) - 2023
- Bicycle Tire Price in China (CIF) - 2023
- Bicycle Tire Exports in China
- Bicycle Tire Imports in China
Bicycle Tire Price in China (FOB) - 2023
The average bicycle tire export price stood at $2.4 per unit in September 2023, which is down by -8.3% against the previous month. Overall, the export price saw a pronounced setback. The most prominent rate of growth was recorded in March 2023 an increase of 4.8% month-to-month. The export price peaked at $3.3 per unit in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Germany ($7.5 per unit), while the average price for exports to Nigeria ($1.5 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Price in China (CIF) - 2023
The average bicycle tire import price stood at $8.5 per unit in September 2023, growing by 4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 26% against the previous month. The import price peaked at $9.9 per unit in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($11.5 per unit), while the price for Germany ($5.8 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 Germany (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Exports in China
Bicycle tire exports from China shrank sharply to 90M units in 2022, which is down by -33.3% against 2021. Overall, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports attained the peak of 134M units, and then reduced rapidly in the following year.
In value terms, bicycle tire exports dropped dramatically to $274M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. As a result, the exports reached the peak of $331M, and then shrank markedly in the following year.
| Export of Bicycle Tire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.1 | 14.3 | 21.8 | 22.1 | 11.1% |
| United States | 9.0 | 11.3 | 19.2 | 17.7 | 25.3% |
| Japan | 16.2 | 14.0 | 16.1 | 16.0 | -0.4% |
| Netherlands | 5.6 | 5.3 | 9.8 | 13.4 | 33.8% |
| Mexico | 16.2 | 13.3 | 24.8 | 13.1 | -6.8% |
| Brazil | 7.5 | 7.1 | 14.8 | 10.4 | 11.5% |
| Russia | 7.3 | 5.4 | 13.9 | 10.4 | 12.5% |
| Italy | 5.5 | 6.0 | 11.5 | 8.6 | 16.1% |
| Taiwan (Chinese) | 7.6 | 6.5 | 8.9 | 8.0 | 1.7% |
| France | 3.9 | 3.5 | 6.8 | 8.0 | 27.1% |
| Poland | 4.7 | 4.3 | 8.0 | 7.9 | 18.9% |
| Colombia | 8.5 | 8.2 | 12.5 | 6.0 | -11.0% |
| Philippines | 2.2 | 3.1 | 7.3 | 4.9 | 30.6% |
| Others | 104 | 98.4 | 156 | 128 | 7.2% |
| Total | 214 | 201 | 331 | 274 | 8.6% |
Top Export Markets for Bicycle Tire from China in 2022:
- Germany (7.2M units)
- United States (5.8M units)
- Japan (5.2M units)
- Netherlands (4.4M units)
- Mexico (4.3M units)
- Brazil (3.4M units)
- Russia (3.4M units)
- Italy (2.8M units)
- Taiwan (Chinese) (2.6M units)
- France (2.6M units)
- Poland (2.6M units)
- Colombia (2.0M units)
- Philippines (1.6M units)
Bicycle Tire Imports in China
In 2022, supplies from abroad of new pneumatic tyres for bicycles decreased by -23.8% to 3.4M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. Over the period under review, imports attained the peak figure at 4.4M units in 2021, and then declined remarkably in the following year.
In value terms, bicycle tire imports dropped slightly to $26M in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, imports attained the peak of $27M, and then dropped in the following year.
| Import of Bicycle Tire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 8.4 | 8.6 | 11.8 | 12.8 | 15.1% |
| Vietnam | 1.5 | 3.3 | 6.8 | 5.0 | 49.4% |
| Thailand | 1.7 | 2.3 | 4.0 | 4.1 | 34.1% |
| Indonesia | 1.4 | 2.5 | 3.9 | 3.8 | 39.5% |
| Others | 0.2 | 0.2 | 0.4 | 0.5 | 35.7% |
| Total | 13.1 | 16.8 | 26.9 | 26.1 | 25.8% |
Top Suppliers of Bicycle Tire to China in 2022:
- Taiwan (Chinese) (1647.0K units)
- Vietnam (648.6K units)
- Thailand (524.8K units)
- Indonesia (489.8K units)
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