Bicycle Tire Price in Oman - 2021
Contents:
- Bicycle Tire Price in Oman (CIF) - 2022
- Bicycle Tire Price in Oman (FOB) - 2022
- Bicycle Tire Imports in Oman
- Bicycle Tire Exports in Oman
Bicycle Tire Price in Oman (CIF) - 2022
The average bicycle tire import price stood at $3.5 per unit in 2022, declining by -38.9% against the previous year. Overall, the import price, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 77% against the previous year. Over the period under review, average import prices hit record highs at $6.2 per unit in 2020; however, from 2021 to 2022, 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 the United Arab Emirates ($4.7 per unit), while the price for Sri Lanka ($1.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Oman (FOB) - 2022
The average bicycle tire export price stood at $11 per unit in 2022, dropping by -5.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 115%. The export price peaked at $11 per unit in 2021, and then dropped in the following year.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2015 to 2022, the rate of growth in terms of prices for Yemen amounted to +57.0% per year.
Bicycle Tire Imports in Oman
In 2022, imports of new pneumatic tyres for bicycles into Oman soared to 66K units, growing by 54% on the year before. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 100%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, bicycle tire imports dropped to $230K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 83%. As a result, imports attained the peak of $244K, and then dropped in the following year.
| Import of Bicycle Tire in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 58.5 | 58.4 | 144 | 89.2 | 15.1% |
| United Arab Emirates | 49.6 | 47.3 | 27.7 | 49.4 | -0.1% |
| Sri Lanka | 52.0 | 7.4 | 35.8 | 44.5 | -5.1% |
| United Kingdom | 1.0 | 1.5 | 3.3 | 7.4 | 94.9% |
| Czech Republic | 4.5 | 3.5 | 5.0 | 4.4 | -0.7% |
| Others | 19.3 | 14.8 | 28.2 | 34.8 | 21.7% |
| Total | 185 | 133 | 244 | 230 | 7.5% |
Top Suppliers of Bicycle Tire to Oman in 2022:
- Sri Lanka (27.3K units)
- India (22.0K units)
- United Arab Emirates (10.6K units)
- United Kingdom (2.2K units)
- Czech Republic (1.6K units)
Bicycle Tire Exports in Oman
In 2022, overseas shipments of new pneumatic tyres for bicycles decreased by -94.1% to 2 units, falling for the second year in a row after two years of growth. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 872% against the previous year. As a result, the exports reached the peak of 1.3K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, bicycle tire exports reduced sharply to $21 in 2022. Over the period under review, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 763%. As a result, the exports attained the peak of $9K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Bicycle Tire in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1.0 | N/A | N/A | N/A | 0% |
| Yemen | N/A | 9.0 | 0.4 | N/A | -95.6% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 9.0 | 0.4 | N/A | -36.8% |
Top Export Markets for Bicycle Tire from Oman in 2022:
- Thailand (1.0 units)
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