Bicycle Tire Price in Ukraine - 2023
Contents:
- Bicycle Tire Price in Ukraine (CIF) - 2023
- Bicycle Tire Price in Ukraine (FOB) - 2022
- Bicycle Tire Imports in Ukraine
- Bicycle Tire Exports in Ukraine
Bicycle Tire Price in Ukraine (CIF) - 2023
The average bicycle tire import price stood at $1.8 per unit in August 2023, picking up by 4.8% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 8.1% m-o-m. Over the period under review, average import prices hit record highs at $2.0 per unit in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Vietnam ($1.9 per unit) and India ($1.7 per unit), while the price for Indonesia ($1.5 per unit) and China ($1.7 per unit) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.1%), while the prices for the other major suppliers experienced a decline.
Bicycle Tire Price in Ukraine (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $2 per unit, with an increase of 11% against the previous year. Overall, the export price posted a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 688% against the previous year. As a result, the export price attained the peak level of $2.7 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Moldova.
From 2012 to 2022, the rate of growth in terms of prices for Moldova amounted to +12.8% per year.
Bicycle Tire Imports in Ukraine
In 2022, the amount of new pneumatic tyres for bicycles imported into Ukraine declined significantly to 1.6M units, falling by -53.7% on the previous year. In general, imports saw a dramatic slump. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Over the period under review, imports reached the maximum at 4.1M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, bicycle tire imports reduced dramatically to $2.9M in 2022. Overall, imports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 7.4% against the previous year. Over the period under review, imports attained the maximum at $6.6M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Bicycle Tire in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.7 | 3.6 | 4.2 | 1.7 | -28.8% |
| India | 0.8 | 0.7 | 0.6 | 0.5 | -14.5% |
| Vietnam | 0.4 | 0.5 | 0.4 | 0.5 | 7.7% |
| Thailand | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Indonesia | 0.2 | 0.3 | 0.2 | N/A | 0.0% |
| Others | 0.3 | 0.2 | 0.2 | 0.1 | -30.7% |
| Total | 6.6 | 5.6 | 6.0 | 2.9 | -24.0% |
Top Suppliers of Bicycle Tire to Ukraine in 2022:
- China (887.1K units)
- India (324.6K units)
- Vietnam (297.5K units)
- Indonesia (24.4K units)
- Thailand (3.2K units)
Bicycle Tire Exports in Ukraine
In 2022, after three years of growth, there was significant decline in overseas shipments of new pneumatic tyres for bicycles, when their volume decreased by -6.7% to 16K units. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 234% against the previous year. As a result, the exports attained the peak of 17K units, and then fell in the following year.
In value terms, bicycle tire exports rose modestly to $31K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 451%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Bicycle Tire in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 1.7 | 5.1 | 29.0 | 31.4 | 164.3% |
| Russia | 0.4 | 0.2 | 1.4 | N/A | 87.1% |
| Belarus | N/A | 0.3 | 0.1 | N/A | -66.7% |
| Others | 0.5 | N/A | N/A | N/A | 0% |
| Total | 2.6 | 5.5 | 30.4 | 31.4 | 129.4% |
Top Export Markets for Bicycle Tire from Ukraine in 2022:
- Moldova (15.6K units)
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