Bicycle Tire Price in Ecuador - 2022
Contents:
- Bicycle Tire Price in Ecuador (CIF) - 2022
- Bicycle Tire Price in Ecuador (FOB) - 2022
- Bicycle Tire Imports in Ecuador
- Bicycle Tire Exports in Ecuador
Bicycle Tire Price in Ecuador (CIF) - 2022
The average bicycle tire import price stood at $2.3 per unit in 2022, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24%. The import price peaked at $3.6 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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) ($7.6 per unit), while the price for Vietnam ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Bicycle Tire Price in Ecuador (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $8.6 per unit, dropping by -35.2% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 100% against the previous year. The export price peaked at $13 per unit in 2021, and then shrank markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for China.
From 2015 to 2022, the rate of growth in terms of prices for Panama amounted to +33.3% per year.
Bicycle Tire Imports in Ecuador
After three years of growth, purchases abroad of new pneumatic tyres for bicycles decreased by -17.9% to 1.1M units in 2022. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 41% against the previous year. Over the period under review, imports reached the peak figure at 1.3M units in 2021, and then shrank significantly in the following year.
In value terms, bicycle tire imports declined rapidly to $2.6M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +38.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, imports reached the peak of $3.1M, and then declined dramatically in the following year.
| Import of Bicycle Tire in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 825 | 1,086 | 1,348 | 985 | 6.1% |
| Vietnam | 491 | 628 | 941 | 937 | 24.0% |
| India | 88.6 | 155 | 184 | 283 | 47.3% |
| Thailand | 29.2 | 174 | 259 | 225 | 97.5% |
| Taiwan (Chinese) | 259 | 189 | 171 | 29.3 | -51.6% |
| Others | 156 | 134 | 163 | 94.2 | -15.5% |
| Total | 1,848 | 2,364 | 3,066 | 2,554 | 11.4% |
Top Suppliers of Bicycle Tire to Ecuador in 2022:
- China (473.1K units)
- Vietnam (461.7K units)
- India (112.9K units)
- Thailand (29.6K units)
- Taiwan (Chinese) (3.9K units)
Bicycle Tire Exports in Ecuador
In 2022, approx. 114 units of new pneumatic tyres for bicycles were exported from Ecuador; rising by 3,700% against the previous year's figure. Overall, 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 surged to $985 in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Bicycle Tire in Ecuador (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 985 | 0% |
| Panama | N/A | 20.0 | 40.0 | N/A | 100.0% |
| Switzerland | 15.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.0 | 20.0 | 40.0 | 985 | 303.4% |
Top Export Markets for Bicycle Tire from Ecuador in 2022:
- China (114.0 units)
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