Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia (CIF) - 2022
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia (FOB) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia (CIF) - 2022
In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $70,848 per ton, with an increase of 8.9% against the previous year. Overall, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 96% against the previous year. Over the period under review, average import prices attained the maximum at $76,483 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Germany ($198,470 per ton), while the price for the Netherlands ($18,545 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+36.3%), 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 Estonia (FOB) - 2022
In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $99,417 per ton, picking up by 24% against the previous year. Overall, the export price enjoyed strong growth. The growth pace was the most rapid in 2019 an increase of 104%. As a result, the export price reached the peak level of $100,282 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($487,310 per ton), while the average price for exports to the UK ($15,145 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 Lithuania (+60.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia
For the fourth consecutive year, Estonia recorded growth in overseas purchases of cycles; parts, pedals and crank-gear, and parts thereoves, which increased by 1.5% to 19 tons in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. Imports peaked 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 rose notably to $1.4M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 102%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 168 | 471 | 704 | 768 | 66.0% |
| Taiwan (Chinese) | 124 | 182 | 450 | 504 | 59.6% |
| China | 21.9 | 0.2 | 3.3 | 47.5 | 29.4% |
| Poland | 2.7 | 98.3 | 28.6 | 25.9 | 112.5% |
| Czech Republic | 4.1 | 12.2 | 11.6 | 11.1 | 39.4% |
| Netherlands | 1.9 | 4.3 | 7.4 | 7.1 | 55.2% |
| Others | 62.8 | 9.8 | 33.5 | 4.7 | -57.9% |
| Total | 385 | 778 | 1,238 | 1,369 | 52.6% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Estonia in 2022:
- Taiwan (Chinese) (11.8 tons)
- Germany (3.9 tons)
- China (2.4 tons)
- Netherlands (0.4 tons)
- Poland (0.4 tons)
- Czech Republic (0.3 tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia
Exports of cycles; parts, pedals and crank-gear, and parts thereoves from Estonia surged to 429 kg in 2022, jumping by 23% on the previous year's figure. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 skyrocketed to $43K in 2022. Over the period under review, exports saw noticeable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 14.1 | 0% |
| Lithuania | 3.1 | 8.0 | 18.5 | 12.1 | 57.4% |
| Latvia | 19.8 | 11.3 | 8.6 | 10.6 | -18.8% |
| United Kingdom | N/A | N/A | N/A | 2.6 | 0% |
| Germany | 10.2 | N/A | N/A | N/A | 0% |
| Poland | 6.2 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 1.0 | 3.2 | 217.5% |
| Total | 39.5 | 19.3 | 28.0 | 42.6 | 2.6% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Estonia in 2022:
- United Kingdom (173.0 kg)
- Latvia (131.0 kg)
- Lithuania (90.0 kg)
- Kazakhstan (29.0 kg)
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