Bicycle Tire Price in Singapore - 2022
Contents:
- Bicycle Tire Price in Singapore (CIF) - 2022
- Bicycle Tire Price in Singapore (FOB) - 2022
- Bicycle Tire Imports in Singapore
- Bicycle Tire Exports in Singapore
Bicycle Tire Price in Singapore (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $6.6 per unit, jumping by 35% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 90% against the previous year. As a result, import price reached the peak level of $9.1 per unit. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($25 per unit), while the price for China ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Bicycle Tire Price in Singapore (FOB) - 2022
The average bicycle tire export price stood at $13 per unit in 2022, falling by -14.3% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 45%. Over the period under review, the average export prices attained the maximum at $15 per unit in 2021, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($18 per unit), while the average price for exports to Indonesia ($8.4 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 Netherlands (+660.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Singapore
In 2022, after three years of growth, there was significant decline in purchases abroad of new pneumatic tyres for bicycles, when their volume decreased by -23.7% to 760K units. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 131%. As a result, imports attained the peak of 995K units, and then reduced rapidly in the following year.
In value terms, bicycle tire imports stood at $5M in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 81%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Bicycle Tire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,072 | 945 | 2,290 | 2,805 | 37.8% |
| Thailand | 282 | 313 | 570 | 613 | 29.5% |
| China | 324 | 479 | 907 | 606 | 23.2% |
| Italy | 246 | 246 | 393 | 487 | 25.6% |
| Taiwan (Chinese) | 134 | 154 | 199 | 173 | 8.9% |
| Indonesia | 112 | 69.8 | 88.1 | 86.6 | -8.2% |
| Vietnam | 407 | 137 | 54.0 | 43.8 | -52.4% |
| Others | 71.3 | 352 | 381 | 207 | 42.7% |
| Total | 2,649 | 2,695 | 4,881 | 5,021 | 23.8% |
Top Suppliers of Bicycle Tire to Singapore in 2022:
- China (506.0K units)
- Germany (111.7K units)
- Thailand (60.5K units)
- Taiwan (Chinese) (25.9K units)
- Italy (23.6K units)
- Indonesia (10.1K units)
- Vietnam (5.9K units)
Bicycle Tire Exports in Singapore
After three years of growth, shipments abroad of new pneumatic tyres for bicycles decreased by -19.4% to 109K units in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. Over the period under review, the exports reached the peak figure at 136K units in 2021, and then plummeted in the following year.
In value terms, bicycle tire exports declined sharply to $1.4M in 2022. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 47%. As a result, the exports attained the peak of $2.1M, and then contracted rapidly in the following year.
| Export of Bicycle Tire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 135 | 227 | 454 | 644 | 68.3% |
| Indonesia | 443 | 874 | 1,372 | 483 | 2.9% |
| Thailand | 9.4 | 54.4 | 105 | 186 | 170.5% |
| New Zealand | 83.2 | 12.5 | 18.5 | N/A | -52.8% |
| South Korea | 30.9 | 70.4 | 1.8 | N/A | -75.9% |
| Philippines | 41.9 | 6.3 | N/A | N/A | -85.0% |
| Australia | 107 | 54.5 | 5.1 | N/A | -78.2% |
| Others | 186 | 124 | 138 | 134 | -10.4% |
| Total | 1,037 | 1,423 | 2,095 | 1,447 | 11.7% |
Top Export Markets for Bicycle Tire from Singapore in 2022:
- Indonesia (57.1K units)
- Malaysia (36.7K units)
- Thailand (12.4K units)
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