Bicycle Tire Price in the United States - 2023
Contents:
- Bicycle Tire Price in the United States (CIF) - 2023
- Bicycle Tire Price in the United States (FOB) - 2023
- Bicycle Tire Imports in the United States
- Bicycle Tire Exports in the United States
Bicycle Tire Price in the United States (CIF) - 2023
The average bicycle tire import price stood at $9.5 per unit in October 2023, which is down by -8.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 21% month-to-month. Over the period under review, average import prices hit record highs at $15.0 per unit in February 2023; however, from March 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($31.0 per unit), while the price for China ($4.5 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in the United States (FOB) - 2023
The average bicycle tire export price stood at $35.7 per unit in October 2023, with an increase of 14% against the previous month. In general, export price indicated a temperate increase from October 2022 to October 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 October 2023 figures, bicycle tire export price decreased by -5.0% against July 2023 indices. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 92% m-o-m. Over the period under review, the average export prices hit record highs at $37.6 per unit in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($35.0 per unit), while the average price for exports to China ($16.3 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.
Bicycle Tire Imports in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of new pneumatic tyres for bicycles, which increased by 3.1% to 14M units in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, bicycle tire imports soared to $126M in 2022. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Bicycle Tire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 20.8 | 25.0 | 34.9 | 42.9 | 27.3% |
| Germany | 11.8 | 16.6 | 14.9 | 21.5 | 22.1% |
| China | 12.1 | 13.4 | 20.3 | 20.3 | 18.8% |
| Thailand | 9.2 | 9.0 | 13.2 | 15.8 | 19.8% |
| Indonesia | 3.8 | 2.5 | 3.8 | 9.3 | 34.8% |
| Vietnam | 2.1 | 1.6 | 7.8 | 6.9 | 48.7% |
| Japan | 2.6 | 3.0 | 3.8 | 3.7 | 12.5% |
| Others | 2.1 | 2.7 | 5.4 | 5.4 | 37.0% |
| Total | 64.6 | 73.8 | 104 | 126 | 24.9% |
Top Suppliers of Bicycle Tire to the United States in 2022:
- Taiwan (Chinese) (4.2M units)
- China (3.4M units)
- Indonesia (1.7M units)
- Thailand (1.5M units)
- Vietnam (1.0M units)
- Germany (1.0M units)
- Japan (0.4M units)
Bicycle Tire Exports in the United States
In 2022, after three years of growth, there was significant decline in shipments abroad of new pneumatic tyres for bicycles, when their volume decreased by -20.5% to 620K units. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of 780K units, and then fell remarkably in the following year.
In value terms, bicycle tire exports shrank to $16M in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, the exports attained the peak of $18M, and then dropped in the following year.
| Export of Bicycle Tire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.5 | 12.9 | 15.6 | 12.6 | 6.3% |
| Mexico | 1.7 | 1.2 | 0.6 | 0.7 | -25.6% |
| United Kingdom | 1.0 | 0.5 | 0.4 | 0.3 | -33.1% |
| Thailand | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Haiti | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 1.7 | 1.7 | 1.5 | 1.7 | 0.0% |
| Total | 15.0 | 16.2 | 18.3 | 15.5 | 1.1% |
Top Export Markets for Bicycle Tire from the United States in 2022:
- Canada (453.6K units)
- Mexico (55.3K units)
- Haiti (25.7K units)
- Thailand (10.2K units)
- United Kingdom (4.8K units)
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