Bicycle Tire Price in Morocco - 2022

Contents:

1. Bicycle Tire Price in Morocco (CIF) - 2022
2. Bicycle Tire Price in Morocco (FOB) - 2022
3. Bicycle Tire Imports in Morocco
4. Bicycle Tire Exports in Morocco

Bicycle Tire Price in Morocco (CIF) - 2022

In 2022, the average bicycle tire import price amounted to $2.1 per unit, rising by 6.6% against the previous year. In general, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2013 an increase of 35% against the previous year. As a result, import price attained the peak level of $4.9 per unit. From 2014 to 2022, the average import prices remained at a 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 Thailand ($2.3 per unit), while the price for India ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.6%), while the prices for the other major suppliers experienced a decline.

Bicycle Tire Price in Morocco (FOB) - 2022

In 2022, the average bicycle tire export price amounted to $6.5 per unit, reducing by -20.9% against the previous year. Over the period under review, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 89%. Over the period under review, the average export prices hit record highs at $8.2 per unit in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($6.5 per unit), while the average price for exports to Cote d'Ivoire amounted to $3.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Tire Imports in Morocco

Bicycle tire imports into Morocco reduced notably to 970K units in 2022, waning by -29% compared with 2021 figures. Over the period under review, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports reached the peak of 1.4M units, and then contracted sharply in the following year.

In value terms, bicycle tire imports contracted significantly to $2.1M in 2022. In general, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +20.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59%. As a result, imports attained the peak of $2.8M, and then dropped remarkably in the following year.

Top Suppliers of Bicycle Tire to Morocco in 2022:

1. China (826.2K units)
2. Thailand (73.8K units)
3. India (44.4K units)

Bicycle Tire Exports in Morocco

In 2022, after two years of decline, there was significant growth in overseas shipments of new pneumatic tyres for bicycles, when their volume increased by 29% to 233 units. In general, exports, however, showed a precipitous decrease. Over the period under review, the exports attained the peak figure at 1.7K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, bicycle tire exports stood at $1.5K in 2022. Overall, exports, however, faced a significant curtailment. The exports peaked at $5.8K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Bicycle Tire from Morocco in 2022:

1. Cote d'Ivoire (123.0 units)
2. Ghana (43.0 units)

Source: IndexBox Market Intelligence Platform