Bicycle Tire Price in Uruguay - 2022
Contents:
- Bicycle Tire Price in Uruguay (CIF) - 2022
- Bicycle Tire Price in Uruguay (FOB) - 2022
- Bicycle Tire Imports in Uruguay
- Bicycle Tire Exports in Uruguay
Bicycle Tire Price in Uruguay (CIF) - 2022
The average bicycle tire import price stood at $2.6 per unit in 2022, with an increase of 3.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 18%. As a result, import price reached the peak level of $3.1 per unit. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($4.4 per unit), while the price for Indonesia ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Bicycle Tire Price in Uruguay (FOB) - 2022
The average bicycle tire export price stood at $21 per unit in 2022, increasing by 7.5% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 89% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($49 per unit), while the average price for exports to Guatemala ($12 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 Dominican Republic (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Uruguay
In 2022, the amount of new pneumatic tyres for bicycles imported into Uruguay reached 256K units, increasing by 2.6% against the year before. Over the period under review, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 126%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, bicycle tire imports rose notably to $657K in 2022. Overall, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +3.9% 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 +92.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 81%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Bicycle Tire in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 262 | 103 | 192 | 298 | 4.4% |
| Thailand | 49.5 | 27.6 | 43.8 | 124 | 35.8% |
| Indonesia | 35.2 | 15.6 | 67.0 | 97.7 | 40.5% |
| Taiwan (Chinese) | 94.8 | 68.3 | 51.5 | 89.9 | -1.8% |
| Pakistan | 32.4 | 10.8 | 5.0 | 25.0 | -8.3% |
| Brazil | 26.0 | 22.0 | 19.9 | N/A | -12.5% |
| Others | 86.5 | 94.0 | 238 | 22.3 | -36.4% |
| Total | 586 | 341 | 617 | 657 | 3.9% |
Top Suppliers of Bicycle Tire to Uruguay in 2022:
- China (110.7K units)
- Indonesia (80.7K units)
- Thailand (38.0K units)
- Taiwan (Chinese) (20.3K units)
- Pakistan (3.3K units)
Bicycle Tire Exports in Uruguay
For the fourth consecutive year, Uruguay recorded growth in shipments abroad of new pneumatic tyres for bicycles, which increased by 0.3% to 983 units in 2022. In general, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bicycle tire exports rose remarkably to $21K in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 7.8% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Bicycle Tire in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 12.0 | 12.4 | 12.8 | 13.1 | 3.0% |
| Guatemala | 2.6 | 3.3 | 4.0 | 4.9 | 23.5% |
| Dominican Republic | 1.2 | 1.4 | 1.6 | 1.9 | 16.6% |
| Ecuador | 0.6 | 0.6 | 0.6 | 0.6 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.4 | 17.7 | 19.1 | 20.6 | 7.9% |
Top Export Markets for Bicycle Tire from Uruguay in 2022:
- Chile (508.0 units)
- Guatemala (413.0 units)
- Dominican Republic (39.0 units)
- Ecuador (23.0 units)
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