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

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in India (FOB) - 2023
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in India (CIF) - 2022
3. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in India
4. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in India

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

The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $2,019 per ton in November 2023, increasing by 13% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $2,155 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Poland ($3,178 per ton), while the average price for exports to Burundi ($1,586 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 Poland (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $4,325 per ton in 2022, surging by 43% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of 43% against the previous year. Over the period under review, average import prices reached the maximum at $5,692 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Singapore ($24,797 per ton), while the price for China ($2,672 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

Exports of cycles; parts, pedals and crank-gear, and parts thereoves from India declined notably to 8.9K tons in 2022, with a decrease of -19.6% on the previous year. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 14%.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves reduced sharply to $18M in 2022. In general, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $23M, and then shrank dramatically in the following year.

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

1. Bangladesh (1219.9 tons)
2. Uganda (1051.8 tons)
3. Tanzania (796.2 tons)
4. Burkina Faso (568.0 tons)
5. Italy (517.1 tons)
6. Zambia (489.8 tons)
7. Malawi (487.1 tons)
8. Rwanda (396.7 tons)
9. Congo (367.9 tons)
10. Nigeria (259.0 tons)
11. Burundi (254.4 tons)
12. Brazil (228.7 tons)
13. Cote d'Ivoire (211.0 tons)

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

In 2022, the amount of cycles; parts, pedals and crank-gear, and parts thereoves imported into India plummeted to 356 tons, with a decrease of -49.2% on 2021. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, imports attained the peak of 701 tons, and then declined markedly in the following year.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves reduced sharply to $1.5M in 2022. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. As a result, imports reached the peak of $2.1M, and then contracted remarkably in the following year.

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

1. China (290.1 tons)
2. Taiwan (Chinese) (48.3 tons)
3. Singapore (11.0 tons)

Source: IndexBox Market Intelligence Platform