Bicycle Tire Price in Portugal - 2023
Contents:
- Bicycle Tire Price in Portugal (CIF) - 2023
- Bicycle Tire Price in Portugal (FOB) - 2023
- Bicycle Tire Imports in Portugal
- Bicycle Tire Exports in Portugal
Bicycle Tire Price in Portugal (CIF) - 2023
The average bicycle tire import price stood at $12.3 per unit in August 2023, declining by -15.3% against the previous month. Over the period under review, import price indicated a tangible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, bicycle tire import price decreased by -15.3% against July 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 43% against the previous month. The import price peaked at $14.6 per unit in July 2023, and then declined sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was France ($26.2 per unit), while the price for Thailand ($6.6 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Portugal (FOB) - 2023
The average bicycle tire export price stood at $6.6 per unit in August 2023, falling by -8.7% against the previous month. Over the period under review, the export price recorded a deep reduction. The pace of growth was the most pronounced in April 2023 an increase of 114% against the previous month. The export price peaked at $19.0 per unit in February 2023; however, from March 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Spain ($51.8 per unit), while the average price for exports to Italy ($4.4 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Portugal
Bicycle tire imports into Portugal rose sharply to 3.8M units in 2022, growing by 8.7% against the previous year's figure. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, bicycle tire imports skyrocketed to $26M in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 62%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Bicycle Tire in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.6 | 5.6 | 7.9 | 8.1 | 13.1% |
| China | 1.8 | 2.4 | 4.4 | 4.9 | 39.6% |
| Germany | 1.1 | 1.6 | 2.5 | 4.7 | 62.3% |
| France | 1.2 | 1.4 | 2.3 | 3.3 | 40.1% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.8 | 1.5 | 95.7% |
| Vietnam | 0.9 | 0.1 | 0.5 | 0.8 | -3.9% |
| Netherlands | 0.3 | 0.1 | 0.5 | 0.7 | 32.6% |
| Italy | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Sri Lanka | 0.8 | 0.6 | 0.2 | 0.2 | -37.0% |
| Others | 0.3 | 0.5 | 1.1 | 1.5 | 71.0% |
| Total | 12.5 | 12.6 | 20.5 | 25.9 | 27.5% |
Top Suppliers of Bicycle Tire to Portugal in 2022:
- Thailand (1858.5K units)
- China (746.5K units)
- Germany (301.7K units)
- France (233.3K units)
- Vietnam (129.2K units)
- Taiwan (Chinese) (120.4K units)
- Netherlands (88.1K units)
- Italy (51.5K units)
- Sri Lanka (47.5K units)
Bicycle Tire Exports in Portugal
In 2022, after three years of growth, there was significant decline in shipments abroad of new pneumatic tyres for bicycles, when their volume decreased by -21.6% to 97K units. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 133%. As a result, the exports attained the peak of 124K units, and then declined rapidly in the following year.
In value terms, bicycle tire exports shrank to $905K in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 141% against the previous year. As a result, the exports attained the peak of $1M, and then declined in the following year.
| Export of Bicycle Tire in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 43.5 | 115 | 346 | 388 | 107.4% |
| Spain | 121 | 188 | 367 | 228 | 23.5% |
| Romania | N/A | 57.8 | 50.4 | 159 | 65.9% |
| Germany | N/A | 2.8 | 13.8 | 57.4 | 352.8% |
| Italy | 14.6 | 13.2 | 118 | 39.4 | 39.2% |
| Others | 80.1 | 48.8 | 132 | 33.3 | -25.4% |
| Total | 259 | 426 | 1,026 | 905 | 51.7% |
Top Export Markets for Bicycle Tire from Portugal in 2022:
- Romania (38.5K units)
- France (31.9K units)
- Spain (14.1K units)
- Italy (7.3K units)
- Germany (3.5K units)
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