Bicycle Tire Price in the Philippines - 2023
Contents:
- Bicycle Tire Price in the Philippines (CIF) - 2023
- Bicycle Tire Price in the Philippines (FOB) - 2022
- Bicycle Tire Imports in the Philippines
- Bicycle Tire Exports in the Philippines
Bicycle Tire Price in the Philippines (CIF) - 2023
The average bicycle tire import price stood at $1.8 per unit in July 2023, with an increase of 3.4% against the previous month. In general, the import price saw a prominent expansion. The pace of growth was the most pronounced in October 2022 when the average import price increased by 1,812% m-o-m. As a result, import price attained the peak level of $7.4 per unit. From November 2022 to July 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to +5.7% per month.
Bicycle Tire Price in the Philippines (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $1.6 per unit, which is down by -11.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 68% against the previous year. The export price peaked at $2.4 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.8% per year.
Bicycle Tire Imports in the Philippines
After three years of growth, supplies from abroad of new pneumatic tyres for bicycles decreased by -59.1% to 3.5M units in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 250% against the previous year. Over the period under review, imports reached the maximum at 8.7M units in 2021, and then contracted dramatically in the following year.
In value terms, bicycle tire imports reduced markedly to $2.2M in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 215%. Imports peaked at $6.2M in 2021, and then reduced markedly in the following year.
| Import of Bicycle Tire in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,112 | 4,125 | 4,637 | 1,914 | 19.8% |
| Taiwan (Chinese) | 184 | 227 | 541 | 63.0 | -30.0% |
| Vietnam | 89.2 | 324 | 464 | 58.6 | -13.1% |
| Thailand | 167 | 428 | 347 | 51.3 | -32.5% |
| Others | 84.8 | 62.7 | 231 | 94.1 | 3.5% |
| Total | 1,638 | 5,166 | 6,220 | 2,181 | 10.0% |
Top Suppliers of Bicycle Tire to the Philippines in 2022:
- China (3372.6K units)
- Thailand (43.0K units)
- Taiwan (Chinese) (39.8K units)
- Vietnam (34.6K units)
Bicycle Tire Exports in the Philippines
In 2022, overseas shipments of new pneumatic tyres for bicycles decreased by -40.2% to 119K units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 423% against the previous year. As a result, the exports attained the peak of 515K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, bicycle tire exports reduced notably to $189K in 2022. In general, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2020 with an increase of 200%. As a result, the exports reached the peak of $549K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Bicycle Tire in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 180 | 549 | 356 | 189 | 1.6% |
| Others | 3.4 | N/A | N/A | N/A | 0% |
| Total | 183 | 549 | 356 | 189 | 1.1% |
Top Export Markets for Bicycle Tire from the Philippines in 2022:
- Turkey (118.6K units)
691
This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in the Philippines.
360
This report provides an in-depth analysis of the aircraft tyre market in the Philippines.
353
This report provides an in-depth analysis of the tyre market in the Philippines.
463
This report provides an in-depth analysis of the market for agricultural, construction and industrial machinery tyre in the Philippines.
456
This report provides an in-depth analysis of the market for truck and bus tyre in the Philippines.
703
This report provides an in-depth analysis of the passenger car tyre market in the Philippines.
284
This report provides an in-depth analysis of the soap market in the Philippines.
459
This report provides an in-depth analysis of the wood fuel market in the Philippines.
640
This report provides an in-depth analysis of the soap in bars market in the Philippines.
379
This report provides an in-depth analysis of the skim milk market in the Philippines.
1218
China dominates in the global tyres for motorcycles or bicycles trade. In 2014, China exported X million units of tyres for motorcycles or bicycles totaling X million USD, X% over the previous year. Its primary trading partner was Nigeria, where
471
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
2338
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
92
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
956
In value terms, machining centres, unit construction machines imports amounted to $X in 2016. Overall, it indicated a slight expansion from 2007 to 2016: the total imports value decreased at an ave...
1062
In value terms, agricultural, horticultural, forestry equipment imports totaled $X in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total imports value increased at an ave...
641
In value terms, machining centres, unit construction machines exports stood at $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total exports value decreased at an average ann...
796
In value terms, agricultural, horticultural, forestry equipment exports stood at $X in 2016. Overall, it indicated a measured expansion from 2007 to 2016: the total exports value increased at an av...
2293
In 2016, the amount of agriculture tire imported worldwide stood at X tons, rising by X% against the previous year figure. Overall, agriculture tire imports continue to indicate a relatively flat ...
662
In 2016, the amount of agriculture tire imported worldwide stood at X tons, rising by X% against the previous year figure. Overall, agriculture tire imports continue to indicate a relatively flat ...
