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

Contents:

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

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

In March 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $6,902 per ton, increasing by 8.8% against the previous month. In general, import price indicated perceptible growth from March 2021 to March 2022: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for cycles; parts, pedals and crank-gear, and parts thereoves increased by +21.1% against December 2021 indices. The most prominent rate of growth was recorded in September 2021 an increase of 57% against the previous month. As a result, import price reached the peak level of $8,030 per ton. From October 2021 to March 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Malaysia ($25,720 per ton), while the price for China ($3,946 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), 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 Indonesia (FOB) - 2022

The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $4,655 per ton in March 2022, shrinking by -4% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2021 an increase of 26% against the previous month. Over the period under review, the average export prices attained the maximum at $5,218 per ton in November 2021; however, from December 2021 to March 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In March 2022, the highest price was recorded for prices to the Netherlands ($5,455 per ton) and Italy ($4,439 per ton), while the average price for exports to Poland ($3,720 per ton) and Turkey ($3,999 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.3%), 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 Indonesia

In 2022, purchases abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -26.7% to 5K tons, falling for the second consecutive year after two years of growth. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.5% 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 decreased by -28.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. As a result, imports attained the peak of 6.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves reduced rapidly to $24M in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 104% against the previous year.

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

1. China (4069.6 tons)
2. Taiwan (Chinese) (682.2 tons)
3. Malaysia (122.4 tons)
4. Singapore (2.9 tons)

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

In 2022, approx. 932 tons of cycles; parts, pedals and crank-gear, and parts thereoves were exported from Indonesia; falling by -35.8% on the previous year. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of 1.5K tons, and then reduced remarkably in the following year.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves contracted dramatically to $5.2M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 33% against the previous year. As a result, the exports attained the peak of $6.3M, and then declined notably in the following year.

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

1. Netherlands (405.6 tons)
2. Italy (142.0 tons)
3. Turkey (78.6 tons)
4. Poland (60.2 tons)
5. Cambodia (40.2 tons)
6. China (35.6 tons)
7. Bulgaria (29.3 tons)
8. Slovakia (27.8 tons)
9. Hungary (15.7 tons)
10. Vietnam (15.7 tons)
11. Chile (15.4 tons)

Source: IndexBox Market Intelligence Platform