Bicycle Tire Price in the United Arab Emirates - 2021

Contents:

1. Bicycle Tire Price in the United Arab Emirates (CIF) - 2022
2. Bicycle Tire Price in the United Arab Emirates (FOB) - 2022
3. Bicycle Tire Imports in the United Arab Emirates
4. Bicycle Tire Exports in the United Arab Emirates

Bicycle Tire Price in the United Arab Emirates (CIF) - 2022

In 2022, the average bicycle tire import price amounted to $2.8 per unit, waning by -29.3% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 44%. Over the period under review, average import prices reached the maximum at $3.9 per unit in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($7.6 per unit), while the price for Pakistan ($1.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Bicycle Tire Price in the United Arab Emirates (FOB) - 2022

The average bicycle tire export price stood at $7 per unit in 2022, picking up by 110% against the previous year. Overall, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guinea ($8.6 per unit), while the average price for exports to Madagascar ($1.7 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 Tanzania (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Tire Imports in the United Arab Emirates

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 -34.8% to 823K units. Overall, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. Imports peaked at 1.3M units in 2021, and then fell markedly in the following year.

In value terms, bicycle tire imports shrank markedly to $2.3M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. Over the period under review, imports hit record highs at $4.9M in 2021, and then fell significantly in the following year.

Top Suppliers of Bicycle Tire to the United Arab Emirates in 2022:

1. Sri Lanka (390.2K units)
2. India (232.0K units)
3. Thailand (101.7K units)
4. China (25.0K units)
5. Germany (19.2K units)
6. Pakistan (19.1K units)
7. Taiwan (Chinese) (15.6K units)

Bicycle Tire Exports in the United Arab Emirates

In 2022, shipments abroad of new pneumatic tyres for bicycles decreased by -23.9% to 163K units, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -37.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 80%. As a result, the exports attained the peak of 259K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, bicycle tire exports skyrocketed to $1.1M in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 225% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Bicycle Tire from the United Arab Emirates in 2022:

1. Sudan (33.4K units)
2. Kuwait (32.9K units)
3. India (22.8K units)
4. Madagascar (19.5K units)
5. Guinea (7.8K units)
6. China (6.5K units)
7. Turkmenistan (4.9K units)
8. Oman (4.6K units)
9. Qatar (4.6K units)
10. Maldives (3.9K units)
11. Tanzania (3.5K units)
12. Iraq (3.2K units)
13. South Sudan (3.0K units)

Source: IndexBox Market Intelligence Platform