Bicycle Tire Price in the Czech Republic - 2023
Contents:
- Bicycle Tire Price in the Czech Republic (FOB) - 2023
- Bicycle Tire Price in the Czech Republic (CIF) - 2023
- Bicycle Tire Exports in the Czech Republic
- Bicycle Tire Imports in the Czech Republic
Bicycle Tire Price in the Czech Republic (FOB) - 2023
The average bicycle tire export price stood at $12.0 per unit in August 2023, falling by -19.3% against the previous month. Over the period under review, export price indicated tangible growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.0% 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 export price increased by +2.5% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 29% month-to-month. The export price peaked at $14.8 per unit in July 2023, and then contracted sharply in the following month.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Serbia ($56.2 per unit), while the average price for exports to Turkey ($4.8 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 Germany (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Price in the Czech Republic (CIF) - 2023
The average bicycle tire import price stood at $20.2 per unit in August 2023, growing by 26% against the previous month. In general, import price indicated buoyant growth from August 2022 to August 2023: its price increased at an average monthly rate of +5.1% 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 increased by +46.2% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 51% m-o-m. The import price peaked in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($35.2 per unit), while the price for China ($6.8 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 India (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Exports in the Czech Republic
In 2022, the amount of new pneumatic tyres for bicycles exported from the Czech Republic fell significantly to 2.7M units, with a decrease of -21.2% compared with the previous year. In general, exports faced a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. The exports peaked at 3.8M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, bicycle tire exports reduced to $22M in 2022. The total export value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports attained the peak of $22M, and then contracted in the following year.
| Export of Bicycle Tire in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.0 | 2.8 | 5.0 | 2.8 | -2.3% |
| Poland | 2.4 | 2.4 | 3.5 | 2.7 | 4.0% |
| Germany | 2.0 | 2.1 | 2.3 | 2.4 | 6.3% |
| Hungary | 0.6 | 0.7 | 0.7 | 1.7 | 41.5% |
| Italy | 1.0 | 1.4 | 1.7 | 1.5 | 14.5% |
| Slovakia | 0.7 | 0.9 | 1.3 | 1.4 | 26.0% |
| Spain | 0.6 | 0.9 | 0.9 | 1.3 | 29.4% |
| France | 0.6 | 0.8 | 0.7 | 1.0 | 18.6% |
| Serbia | 0.6 | 0.9 | 1.0 | 0.9 | 14.5% |
| Bulgaria | 0.5 | 0.2 | 0.4 | 0.7 | 11.9% |
| Lithuania | 0.2 | 0.2 | 0.4 | 0.5 | 35.7% |
| Switzerland | 0.2 | 0.3 | 0.2 | 0.5 | 35.7% |
| Denmark | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Others | 3.9 | 4.4 | 4.1 | 4.1 | 1.7% |
| Total | 16.6 | 18.2 | 22.5 | 21.9 | 9.7% |
Top Export Markets for Bicycle Tire from the Czech Republic in 2022:
- Turkey (607.6K units)
- Poland (400.5K units)
- Germany (198.9K units)
- Hungary (193.1K units)
- Serbia (178.7K units)
- Slovakia (134.2K units)
- Spain (120.8K units)
- Italy (119.5K units)
- Bulgaria (113.2K units)
- France (68.7K units)
- Lithuania (62.5K units)
- Denmark (49.1K units)
- Switzerland (45.4K units)
Bicycle Tire Imports in the Czech Republic
In 2022, bicycle tire imports into the Czech Republic soared to 2.3M units, growing by 38% on 2021 figures. Overall, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.9% 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 +82.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, bicycle tire imports soared to $25M in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 49%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Bicycle Tire in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.0 | 6.7 | 10.0 | 9.8 | 114.0% |
| China | 3.9 | 1.7 | 2.6 | 4.9 | 7.9% |
| Netherlands | 0.4 | 1.7 | 2.1 | 2.5 | 84.2% |
| Taiwan (Chinese) | 1.0 | 1.1 | 1.6 | 2.3 | 32.0% |
| Vietnam | 2.1 | N/A | 0.6 | 1.3 | -14.8% |
| India | 0.4 | 0.1 | 0.4 | 1.2 | 44.2% |
| Sri Lanka | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Thailand | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Indonesia | 3.0 | N/A | N/A | N/A | 0% |
| Serbia | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Others | 0.8 | 2.1 | 2.4 | 2.4 | 44.2% |
| Total | 13.2 | 13.4 | 20.0 | 24.8 | 23.4% |
Top Suppliers of Bicycle Tire to the Czech Republic in 2022:
- Germany (790.1K units)
- China (535.6K units)
- Netherlands (248.7K units)
- Taiwan (Chinese) (176.3K units)
- India (154.4K units)
- Vietnam (129.3K units)
- Sri Lanka (39.5K units)
- Thailand (31.5K units)
- Serbia (8.4K units)
- Indonesia (4.1K units)
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