Bicycle Tire Price in the UK - 2023
Contents:
- Bicycle Tire Price in the UK (CIF) - 2023
- Bicycle Tire Price in the UK (FOB) - 2022
- Bicycle Tire Imports in the UK
- Bicycle Tire Exports in the UK
Bicycle Tire Price in the UK (CIF) - 2023
The average bicycle tire import price stood at $10.3 per unit in August 2023, with an increase of 50% against the previous month. In general, the import price, however, recorded a mild setback. The import price peaked at $13.1 per unit in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($43.3 per unit), while the price for Thailand ($5.3 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 Thailand (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in the UK (FOB) - 2022
The average bicycle tire export price stood at $18 per unit in 2022, stabilizing at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 25% against the previous year. As a result, the export price reached the peak level of $23 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($89 per unit), while the average price for exports to Thailand ($0.2 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 United States (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in the UK
In 2022, imports of new pneumatic tyres for bicycles into the UK was estimated at 4.1M units, surging by 4.7% against 2021. The total import volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. As a result, imports attained the peak of 4.2M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, bicycle tire imports declined to $38M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 31% against the previous year. As a result, imports reached the peak of $40M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Bicycle Tire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.5 | 9.0 | 8.5 | 10.6 | 12.2% |
| China | 1.6 | 2.4 | 2.9 | 5.5 | 50.9% |
| Taiwan (Chinese) | 1.8 | 3.5 | 4.9 | 5.3 | 43.3% |
| Thailand | 0.6 | 1.2 | 1.3 | 4.8 | 100.0% |
| Indonesia | 4.1 | 3.9 | 4.6 | 4.7 | 4.7% |
| Vietnam | 1.9 | 2.9 | 3.5 | 2.8 | 13.8% |
| France | 1.8 | 2.1 | 2.0 | 1.8 | 0.0% |
| Italy | 4.8 | 5.4 | 5.3 | 0.5 | -52.9% |
| Others | 6.5 | 9.6 | 6.0 | 2.4 | -28.3% |
| Total | 30.5 | 39.9 | 39.0 | 38.4 | 8.0% |
Top Suppliers of Bicycle Tire to the UK in 2022:
- China (1060.8K units)
- Thailand (991.9K units)
- Indonesia (554.2K units)
- Vietnam (508.0K units)
- Germany (383.6K units)
- Taiwan (Chinese) (249.3K units)
- France (79.0K units)
- Italy (30.5K units)
Bicycle Tire Exports in the UK
In 2022, the amount of new pneumatic tyres for bicycles exported from the UK surged to 224K units, increasing by 17% against 2021 figures. In general, exports, however, saw a abrupt contraction. The exports peaked at 403K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, bicycle tire exports soared to $4.1M in 2022. Overall, exports, however, continue to indicate a sharp slump. Over the period under review, the exports hit record highs at $8.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Bicycle Tire in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 825 | 907 | 408 | 1,190 | 13.0% |
| United States | 253 | 317 | 971 | 1,076 | 62.0% |
| Ireland | 1,311 | 1,682 | 903 | 531 | -26.0% |
| France | 843 | 724 | 14.1 | 463 | -18.1% |
| Netherlands | 186 | 302 | 394 | 237 | 8.4% |
| Italy | 683 | 947 | 47.7 | 87.6 | -49.6% |
| China | 25.4 | 44.3 | 39.1 | 85.5 | 49.9% |
| Spain | 1,126 | 1,029 | 130 | 64.3 | -61.5% |
| Denmark | 265 | 163 | 6.9 | 50.7 | -42.4% |
| Sweden | 650 | 547 | 1.5 | 6.1 | -78.9% |
| Thailand | N/A | N/A | N/A | 2.3 | 0% |
| Others | 1,958 | 1,430 | 543 | 293 | -46.9% |
| Total | 8,125 | 8,092 | 3,458 | 4,087 | -20.5% |
Top Export Markets for Bicycle Tire from the UK in 2022:
- Germany (77.8K units)
- Ireland (48.5K units)
- France (34.0K units)
- United States (12.1K units)
- Netherlands (11.6K units)
- Thailand (9.9K units)
- China (5.5K units)
- Italy (4.5K units)
- Denmark (4.2K units)
- Spain (2.9K units)
- Sweden (0.3K units)
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