Bicycle Tire Price in Indonesia - 2022
Contents:
- Bicycle Tire Price in Indonesia (FOB) - 2022
- Bicycle Tire Price in Indonesia (CIF) - 2022
- Bicycle Tire Exports in Indonesia
- Bicycle Tire Imports in Indonesia
Bicycle Tire Price in Indonesia (FOB) - 2022
In March 2022, the average bicycle tire export price amounted to $11.0 per unit, standing approximately at the previous month. Overall, export price indicated a temperate increase from March 2021 to March 2022: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, bicycle tire export price increased by +79.9% against November 2021 indices. The pace of growth was the most pronounced in February 2022 an increase of 72% m-o-m. As a result, the export price attained the peak level of $11.0 per unit, leveling off in the following month.
Average prices varied noticeably for the major export markets. In March 2022, the countries with the highest prices were Vietnam ($11.0 per unit) and Bulgaria ($11.0 per unit), while the average price for exports to Italy ($11.0 per unit) and the UK ($11.0 per unit) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Price in Indonesia (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $7.6 per unit, with an increase of 14% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 +66.6% against 2017 indices. The growth pace was the most rapid in 2019 an increase of 16% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($7.6 per unit) and Thailand ($7.6 per unit), while the price for China ($7.6 per unit) and Taiwan (Chinese) ($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 Vietnam (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Exports in Indonesia
In 2022, the amount of new pneumatic tyres for bicycles exported from Indonesia surged to 15M units, with an increase of 30% on the year before. The total export volume increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bicycle tire exports expanded to $129M 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 +15.3% 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 +53.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Bicycle Tire in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 35.5 | 37.2 | 43.2 | 39.8 | 3.9% |
| Germany | 17.6 | 18.1 | 32.6 | 37.0 | 28.1% |
| Brazil | 7.2 | 6.8 | 8.1 | 7.8 | 2.7% |
| Italy | 1.3 | 1.3 | 4.1 | 5.4 | 60.7% |
| Vietnam | 2.0 | 3.5 | 5.4 | 5.0 | 35.7% |
| United Kingdom | 4.2 | 3.7 | 5.7 | 4.2 | 0.0% |
| Canada | 3.6 | 1.7 | 3.3 | 3.7 | 0.9% |
| Taiwan (Chinese) | 2.1 | 2.2 | 3.8 | 3.6 | 19.7% |
| Cambodia | N/A | N/A | N/A | 3.5 | 0% |
| United States | 0.4 | 0.4 | 0.9 | 2.5 | 84.2% |
| China | 1.1 | 1.9 | 2.9 | 2.3 | 27.9% |
| Others | 9.4 | 10.1 | 16.7 | 14.6 | 15.8% |
| Total | 84.5 | 86.8 | 127 | 129 | 15.1% |
Top Export Markets for Bicycle Tire from Indonesia in 2022:
- Netherlands (4.6M units)
- Germany (4.3M units)
- Brazil (0.9M units)
- Italy (0.6M units)
- Vietnam (0.6M units)
- United Kingdom (0.5M units)
- Canada (0.4M units)
- Taiwan (Chinese) (0.4M units)
- Cambodia (0.4M units)
- United States (0.3M units)
- China (0.3M units)
Bicycle Tire Imports in Indonesia
After three years of growth, purchases abroad of new pneumatic tyres for bicycles decreased by -28.1% to 640K units in 2022. In general, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. Imports peaked at 891K units in 2021, and then shrank significantly in the following year.
In value terms, bicycle tire imports declined remarkably to $4.9M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 58% against the previous year. Imports peaked at $5.9M in 2021, and then fell sharply in the following year.
| Import of Bicycle Tire in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.4 | 1.4 | 2.3 | 2.1 | 73.8% |
| China | 1.7 | 1.6 | 1.8 | 1.7 | 0.0% |
| Taiwan (Chinese) | 0.5 | 1.0 | 1.1 | 0.6 | 6.3% |
| Thailand | 0.7 | 1.2 | 0.7 | 0.4 | -17.0% |
| Others | 0.1 | 0.3 | N/A | 0.1 | 0.0% |
| Total | 3.4 | 5.4 | 5.9 | 4.9 | 13.0% |
Top Suppliers of Bicycle Tire to Indonesia in 2022:
- Vietnam (278.0K units)
- China (230.2K units)
- Taiwan (Chinese) (73.6K units)
- Thailand (51.8K units)
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