Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Ecuador - 2022

Contents:

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

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

In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $6,566 per ton, surging by 23% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cycles; parts, pedals and crank-gear, and parts thereoves increased by +62.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 32%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($40,407 per ton), while the price for China ($3,437 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), 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 Ecuador (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $5,143 per ton, with a decrease of -46.9% against the previous year. Overall, the export price, however, continues to indicate a measured expansion. The pace of growth was the most pronounced in 2021 when the average export price decreased by -14.5% against the previous year. Over the period under review, the average export prices hit record highs at $11,333 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to +414.3% per year.

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

In 2022, purchases abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -13.1% to 321 tons, falling for the second year in a row after two years of growth. In general, imports saw a pronounced contraction. The pace of growth appeared the most rapid in 2020 with an increase of 40%. As a result, imports reached the peak of 482 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves expanded sharply to $2.1M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 20% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. China (229.8 tons)
2. Taiwan (Chinese) (45.3 tons)
3. Indonesia (15.1 tons)
4. Hong Kong SAR (11.8 tons)
5. Malaysia (8.6 tons)
6. Japan (6.0 tons)

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

Exports of cycles; parts, pedals and crank-gear, and parts thereoves from Ecuador contracted sharply to 7 kg in 2022, falling by -56.2% compared with the previous year's figure. In general, exports recorded a dramatic downturn. The smallest decline of -33.3% was in 2021.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves shrank significantly to $36 in 2022. Overall, exports recorded a dramatic downturn. The smallest decline of -43% was in 2021.

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

1. Panama (7.0 kg)

Source: IndexBox Market Intelligence Platform