Bicycle Tire Price in Latvia - 2023
Contents:
- Bicycle Tire Price in Latvia (CIF) - 2022
- Bicycle Tire Price in Latvia (FOB) - 2022
- Bicycle Tire Imports in Latvia
- Bicycle Tire Exports in Latvia
Bicycle Tire Price in Latvia (CIF) - 2022
The average bicycle tire import price stood at $9.1 per unit in 2022, which is down by -25.3% against the previous year. In general, the import price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 67%. As a result, import price attained the peak level of $12 per unit, and then shrank remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($50 per unit), while the price for China ($5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+135.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Latvia (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $5.8 per unit, dropping by -20.3% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2018 when the average export price increased by 161% against the previous year. Over the period under review, the average export prices attained the peak figure at $7.3 per unit in 2021, and then declined sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($22 per unit), while the average price for exports to Poland ($3.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Latvia
After two years of decline, purchases abroad of new pneumatic tyres for bicycles increased by 17% to 24K units in 2022. In general, imports, however, recorded a abrupt curtailment. Over the period under review, imports attained the maximum at 37K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, bicycle tire imports dropped to $215K in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Imports peaked at $246K in 2021, and then shrank in the following year.
| Import of Bicycle Tire in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.7 | 66.3 | 19.8 | 55.2 | 21.6% |
| Germany | 67.5 | 106 | 105 | 51.9 | -8.4% |
| Poland | 19.7 | 15.1 | 25.8 | 32.6 | 18.3% |
| Italy | N/A | 0.1 | N/A | 25.7 | 1503.1% |
| Estonia | 16.6 | 14.2 | 32.1 | 18.3 | 3.3% |
| Taiwan (Chinese) | 6.7 | 2.8 | 7.3 | 9.5 | 12.3% |
| Netherlands | 17.8 | 18.6 | 20.5 | 8.8 | -20.9% |
| Czech Republic | 6.6 | 11.0 | 14.1 | 4.7 | -10.7% |
| Thailand | 6.1 | N/A | N/A | N/A | 0% |
| Others | 6.3 | 7.5 | 21.4 | 8.4 | 10.1% |
| Total | 178 | 242 | 246 | 215 | 6.5% |
Top Suppliers of Bicycle Tire to Latvia in 2022:
- China (11.0K units)
- Germany (4.1K units)
- Poland (3.3K units)
- Estonia (2.9K units)
- Czech Republic (0.8K units)
- Italy (0.5K units)
- Taiwan (Chinese) (0.4K units)
- Netherlands (0.2K units)
Bicycle Tire Exports in Latvia
After two years of decline, overseas shipments of new pneumatic tyres for bicycles increased by 266% to 2.7K units in 2022. Over the period under review, exports, however, showed a perceptible decrease. The exports peaked at 3.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, bicycle tire exports soared to $16K in 2022. Overall, exports recorded a tangible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Bicycle Tire in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 5.3 | 3.9 | 1.9 | 9.3 | 20.6% |
| Estonia | 8.1 | 8.1 | 3.5 | 3.3 | -25.9% |
| Poland | N/A | N/A | N/A | 1.5 | 0% |
| Kazakhstan | N/A | N/A | N/A | 1.0 | 0% |
| Romania | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Russia | N/A | 0.3 | N/A | N/A | 0% |
| Czech Republic | 0.6 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 14.1 | 12.5 | 5.3 | 15.5 | 3.2% |
Top Export Markets for Bicycle Tire from Latvia in 2022:
- Lithuania (1391.0 units)
- Estonia (620.0 units)
- Poland (477.0 units)
- Romania (115.0 units)
- Kazakhstan (44.0 units)
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