Bicycle Tire Price in Thailand - 2023
Contents:
- Bicycle Tire Price in Thailand (FOB) - 2023
- Bicycle Tire Price in Thailand (CIF) - 2023
- Bicycle Tire Exports in Thailand
- Bicycle Tire Imports in Thailand
Bicycle Tire Price in Thailand (FOB) - 2023
In September 2023, the average bicycle tire export price amounted to $5.3 per unit, with a decrease of -6.3% against the previous month. Over the period under review, the export price showed a slight downturn. The most prominent rate of growth was recorded in January 2023 an increase of 31% month-to-month. As a result, the export price attained the peak level of $6.8 per unit. From February 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Taiwan (Chinese) ($11.1 per unit), while the average price for exports to Syrian Arab Republic ($2.2 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Price in Thailand (CIF) - 2023
The average bicycle tire import price stood at $2.7 per unit in September 2023, increasing by 19% against the previous month. Overall, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 65% against the previous month. The import price peaked at $5.1 per unit in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($7.7 per unit), while the price for China ($2.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Exports in Thailand
After three years of growth, shipments abroad of new pneumatic tyres for bicycles decreased by -20.7% to 24M units in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% 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 +40.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 35%. Over the period under review, the exports reached the maximum at 30M units in 2021, and then fell remarkably in the following year.
In value terms, bicycle tire exports amounted to $120M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 41%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Bicycle Tire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 19.7 | 16.1 | 31.2 | 32.9 | 18.6% |
| France | 11.7 | 9.0 | 9.7 | 10.2 | -4.5% |
| United States | 5.4 | 6.2 | 8.7 | 9.0 | 18.6% |
| Taiwan (Chinese) | 4.5 | 5.0 | 6.9 | 6.8 | 14.8% |
| Portugal | 6.5 | 5.0 | 7.2 | 6.5 | 0.0% |
| Netherlands | 2.9 | 3.6 | 4.8 | 5.1 | 20.7% |
| Romania | 3.2 | 3.5 | 5.1 | 4.1 | 8.6% |
| Vietnam | 1.4 | 1.6 | 2.0 | 3.9 | 40.7% |
| Brazil | 2.4 | 2.0 | 3.4 | 2.9 | 6.5% |
| Spain | 0.7 | 1.1 | 1.2 | 2.9 | 60.6% |
| Myanmar | 0.1 | 1.9 | 1.7 | 2.7 | 200.0% |
| Belgium | 0.8 | 4.2 | 5.4 | 2.4 | 44.2% |
| Poland | 1.3 | 1.0 | 2.4 | 2.1 | 17.3% |
| Others | 20.8 | 24.5 | 29.6 | 28.8 | 11.5% |
| Total | 81.4 | 84.7 | 119 | 120 | 13.8% |
Top Export Markets for Bicycle Tire from Thailand in 2022:
- Italy (5.6M units)
- Portugal (2.0M units)
- France (1.6M units)
- Romania (1.4M units)
- United States (1.2M units)
- Myanmar (1.1M units)
- Brazil (0.9M units)
- Taiwan (Chinese) (0.8M units)
- Spain (0.8M units)
- Poland (0.7M units)
- Vietnam (0.7M units)
- Netherlands (0.6M units)
- Belgium (0.6M units)
Bicycle Tire Imports in Thailand
After three years of growth, supplies from abroad of new pneumatic tyres for bicycles decreased by -2.3% to 1.9M units in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +56.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum at 1.9M units in 2021, and then declined modestly in the following year.
In value terms, bicycle tire imports soared to $6.8M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +78.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Bicycle Tire in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,730 | 2,201 | 3,505 | 3,333 | 6.9% |
| Vietnam | 434 | 649 | 700 | 1,057 | 34.5% |
| Indonesia | 257 | 378 | 563 | 817 | 47.0% |
| Taiwan (Chinese) | 329 | 142 | 245 | 615 | 23.2% |
| India | 183 | 98.4 | 199 | 204 | 3.7% |
| Others | 404 | 342 | 405 | 775 | 24.3% |
| Total | 4,336 | 3,811 | 5,616 | 6,801 | 16.2% |
Top Suppliers of Bicycle Tire to Thailand in 2022:
- China (1205.5K units)
- Vietnam (260.4K units)
- Indonesia (187.4K units)
- Taiwan (Chinese) (95.6K units)
- India (43.7K units)
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