Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Denmark - 2023

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Denmark (CIF) - 2023
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Denmark (FOB) - 2023
3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Denmark
4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Denmark

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Denmark (CIF) - 2023

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $40,814 per ton in November 2023, reducing by -22.8% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 68% month-to-month. As a result, import price reached the peak level of $79,756 per ton. From October 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($136K per ton), while the price for Sweden ($11,266 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+20.4%), 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 Denmark (FOB) - 2023

The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $99,544 per ton in November 2023, declining by -7.8% against the previous month. In general, the export price continues to indicate a slight reduction. The pace of growth was the most pronounced in December 2022 when the average export price increased by 44% month-to-month. Over the period under review, the average export prices hit record highs at $190K per ton in February 2023; however, from March 2023 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($292K per ton), while the average price for exports to Faroe Islands ($9,870 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.2%), 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 Denmark

In 2022, approx. 240 tons of cycles; parts, pedals and crank-gear, and parts thereoves were imported into Denmark; with an increase of 13% on the previous year. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves shrank to $10M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, imports reached the peak of $11M, and then dropped in the following year.

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

1. Taiwan (Chinese) (117.1 tons)
2. Netherlands (49.6 tons)
3. China (23.5 tons)
4. Sweden (18.5 tons)
5. Germany (11.4 tons)
6. France (7.8 tons)
7. Italy (3.6 tons)
8. United Kingdom (0.2 tons)

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

In 2022, exports of cycles; parts, pedals and crank-gear, and parts thereoves from Denmark skyrocketed to 130 tons, jumping by 81% compared with the previous year. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves soared to $7.8M in 2022. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Germany (35.2 tons)
2. Sweden (23.7 tons)
3. Finland (13.0 tons)
4. Norway (11.2 tons)
5. Belgium (10.1 tons)
6. Spain (5.7 tons)
7. Italy (4.5 tons)
8. United Kingdom (3.9 tons)
9. France (2.9 tons)
10. Netherlands (2.8 tons)
11. United States (2.6 tons)
12. Greenland (0.3 tons)

Source: IndexBox Market Intelligence Platform