Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan (FOB) - 2023
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan (CIF) - 2023
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan (FOB) - 2023
The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $83,563 per ton in November 2023, with an increase of 8.7% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in December 2022 an increase of 25% month-to-month. Over the period under review, the average export prices attained the maximum at $92,857 per ton in May 2023; however, from June 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($120K per ton), while the average price for exports to Malaysia ($28,395 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 Malaysia (+5.1%), 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 Japan (CIF) - 2023
In November 2023, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $15,233 per ton, leveling off at the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 29% month-to-month. The import price peaked at $20,842 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Malaysia ($27,106 per ton), while the price for China ($7,267 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 Taiwan (Chinese) (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan
In 2022, approx. 2.4K tons of cycles; parts, pedals and crank-gear, and parts thereoves were exported from Japan; growing by 4.9% on 2021. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves contracted modestly to $185M in 2022. The total export value increased at an average annual rate of +6.0% 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 appeared the most rapid in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of $186M, leveling off in the following year.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 36.7 | 30.3 | 45.1 | 48.2 | 9.5% |
| Taiwan (Chinese) | 30.0 | 26.9 | 30.7 | 27.2 | -3.2% |
| Netherlands | 12.7 | 11.9 | 17.8 | 21.1 | 18.4% |
| United States | 17.9 | 12.2 | 18.0 | 18.1 | 0.4% |
| Philippines | 1.7 | 0.6 | 5.9 | 10.4 | 82.9% |
| China | 6.1 | 6.2 | 10.5 | 9.1 | 14.3% |
| France | 5.5 | 5.0 | 9.3 | 8.7 | 16.5% |
| United Kingdom | 5.6 | 6.5 | 6.7 | 6.1 | 2.9% |
| Malaysia | 4.0 | 5.3 | 7.6 | 5.7 | 12.5% |
| Italy | 5.9 | 3.8 | 4.5 | 5.4 | -2.9% |
| Spain | 7.6 | 4.9 | 3.9 | 4.4 | -16.7% |
| Others | 21.7 | 18.7 | 26.1 | 20.7 | -1.6% |
| Total | 155 | 132 | 186 | 185 | 6.1% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Japan in 2022:
- Germany (512.8 tons)
- Malaysia (301.6 tons)
- Taiwan (Chinese) (274.4 tons)
- Netherlands (230.3 tons)
- United States (218.1 tons)
- Philippines (184.0 tons)
- China (160.0 tons)
- France (100.9 tons)
- United Kingdom (81.0 tons)
- Spain (45.1 tons)
- Italy (43.6 tons)
Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan
In 2022, the amount of cycles; parts, pedals and crank-gear, and parts thereoves imported into Japan declined modestly to 1K tons, remaining constant against the year before. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports attained the peak of 1K tons, leveling off in the following year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves rose rapidly to $19M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.8 | 2.4 | 4.0 | 4.9 | 20.5% |
| China | 5.1 | 4.7 | 5.6 | 4.7 | -2.7% |
| Malaysia | 3.9 | 3.0 | 3.6 | 3.7 | -1.7% |
| Vietnam | 0.9 | 1.2 | 1.9 | 3.4 | 55.7% |
| Others | 1.6 | 1.1 | 2.5 | 1.9 | 5.9% |
| Total | 14.3 | 12.4 | 17.6 | 18.7 | 9.4% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Japan in 2022:
- China (558.6 tons)
- Taiwan (Chinese) (189.9 tons)
- Malaysia (129.6 tons)
- Vietnam (127.6 tons)
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