Bicycle Tire Price in Libya - 2022
Contents:
Bicycle Tire Price in Libya (CIF) - 2022
The average bicycle tire import price stood at $3.5 per unit in 2022, picking up by 17% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +79.4% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 34%. The import price peaked in 2022 and is likely to see steady growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.4% per year.
Bicycle Tire Imports in Libya
In 2022, approx. 109K units of new pneumatic tyres for bicycles were imported into Libya; falling by -42.8% compared with the previous year. Overall, imports saw a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 132%. As a result, imports reached the peak of 191K units, and then dropped remarkably in the following year.
In value terms, bicycle tire imports contracted significantly to $383K in 2022. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 193%. As a result, imports attained the peak of $571K, and then fell rapidly in the following year.
| Import of Bicycle Tire in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 258 | 194 | 538 | 377 | 13.5% |
| Others | 8.1 | 0.8 | 32.6 | 5.9 | -10.0% |
| Total | 266 | 195 | 571 | 383 | 12.9% |
Top Suppliers of Bicycle Tire to Libya in 2022:
- China (109.0K units)
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