Bicycle Tire Price in Costa Rica - 2022
Contents:
- Bicycle Tire Price in Costa Rica (CIF) - 2022
- Bicycle Tire Price in Costa Rica (FOB) - 2022
- Bicycle Tire Imports in Costa Rica
- Bicycle Tire Exports in Costa Rica
Bicycle Tire Price in Costa Rica (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $7.6 per unit, jumping by 30% against the previous year. Over the period under review, the import price enjoyed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($7.6 per unit) and Indonesia ($7.6 per unit), while the price for Italy ($7.6 per unit) and China ($7.6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Costa Rica (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $8.6 per unit, jumping by 36% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 83%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($8.6 per unit), while the average price for exports to Nicaragua totaled $8.6 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+5.8%).
Bicycle Tire Imports in Costa Rica
In 2022, supplies from abroad of new pneumatic tyres for bicycles decreased by -55.3% to 243K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a slight increase. The pace of growth appeared the most rapid in 2021 with an increase of 100%. As a result, imports reached the peak of 543K units, and then shrank rapidly in the following year.
In value terms, bicycle tire imports declined significantly to $1.8M in 2022. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 87%. As a result, imports reached the peak of $3.2M, and then fell remarkably in the following year.
| Import of Bicycle Tire in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 296 | 292 | 387 | 556 | 23.4% |
| China | 694 | 407 | 1,161 | 525 | -8.9% |
| Vietnam | 2.1 | 272 | 675 | 292 | 418.1% |
| Indonesia | N/A | 9.3 | 172 | 192 | 354.4% |
| Italy | 73.3 | 150 | 198 | 153 | 27.8% |
| Thailand | 107 | 149 | 310 | 96.5 | -3.4% |
| Germany | 174 | 329 | 141 | N/A | -10.0% |
| Others | 20.7 | 86.9 | 133 | 27.2 | 9.5% |
| Total | 1,367 | 1,695 | 3,178 | 1,841 | 10.4% |
Top Suppliers of Bicycle Tire to Costa Rica in 2022:
- Taiwan (Chinese) (73.3K units)
- China (69.2K units)
- Vietnam (38.5K units)
- Indonesia (25.3K units)
- Italy (20.1K units)
- Thailand (12.7K units)
Bicycle Tire Exports in Costa Rica
After two years of decline, shipments abroad of new pneumatic tyres for bicycles increased by 5,588% to 3.9K units in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bicycle tire exports soared to $33K in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Bicycle Tire in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 6.2 | 7.0 | 0.3 | 32.7 | 74.1% |
| Others | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Total | 6.2 | 7.0 | 0.4 | 33.3 | 75.1% |
Top Export Markets for Bicycle Tire from Costa Rica in 2022:
- Nicaragua (3.8K units)
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