Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Canada - 2024

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Canada (CIF) - 2022
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Canada (FOB) - 2022
3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Canada
4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Canada

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Canada (CIF) - 2022

In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $5,062 per ton, picking up by 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2015 an increase of 21% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 Malaysia ($12,308 per ton), while the price for the United States ($924 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Canada (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $107,163 per ton, rising by 48% against the previous year. Overall, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($257,137 per ton), while the average price for exports to the Netherlands ($38,811 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Canada

In 2022, the amount of cycles; parts, pedals and crank-gear, and parts thereoves imported into Canada amounted to 4.3K tons, surging by 9.2% on the previous year. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves soared to $22M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +86.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 58%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Canada in 2022:

1. Taiwan (Chinese) (2079.3 tons)
2. United States (1252.8 tons)
3. China (483.9 tons)
4. Malaysia (153.2 tons)
5. France (123.8 tons)

Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Canada

In 2022, approx. 22 tons of cycles; parts, pedals and crank-gear, and parts thereoves were exported from Canada; falling by -54.2% against 2021. Overall, exports recorded a precipitous slump. The smallest decline of -8.4% was in 2021.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves reduced dramatically to $2.4M in 2022. Over the period under review, exports faced a abrupt decrease. The smallest decline of -0.4% was in 2021.

Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Canada in 2022:

1. United States (10.4 tons)
2. Germany (3.5 tons)
3. Netherlands (2.0 tons)
4. United Kingdom (1.9 tons)
5. Australia (0.7 tons)
6. Dominican Republic (0.7 tons)
7. New Zealand (0.6 tons)

Source: IndexBox Market Intelligence Platform