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

Contents:

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

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

In November 2023, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $26,675 per ton, picking up by 9.5% against the previous month. In general, import price indicated a notable increase from November 2022 to November 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for cycles; parts, pedals and crank-gear, and parts thereoves decreased by -23.4% against September 2023 indices. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 74% month-to-month. As a result, import price attained the peak level of $34,810 per ton. From October 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Malaysia ($50,005 per ton), while the price for the Netherlands ($11,739 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 China (+5.8%), 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 Lithuania (FOB) - 2022

The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $55,754 per ton in 2022, growing by 80% against the previous year. Over the period under review, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 91%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($150,213 per ton), while the average price for exports to the Czech Republic ($4,597 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 Kyrgyzstan (+106.6%), 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 Lithuania

In 2022, imports of cycles; parts, pedals and crank-gear, and parts thereoves into Lithuania expanded markedly to 527 tons, rising by 12% compared with 2021 figures. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34% 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 soared to $8M in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. China (320.2 tons)
2. Philippines (47.9 tons)
3. Malaysia (42.1 tons)
4. Germany (41.4 tons)
5. Netherlands (36.9 tons)
6. Taiwan (Chinese) (20.8 tons)

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

For the fourth consecutive year, Lithuania recorded growth in shipments abroad of cycles; parts, pedals and crank-gear, and parts thereoves, which increased by 51% to 12 tons in 2022. In general, exports posted a significant expansion. 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 soared to $660K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Latvia (3.2 tons)
2. United States (2.1 tons)
3. Kyrgyzstan (1.1 tons)
4. Russia (0.9 tons)
5. Estonia (0.7 tons)
6. Belarus (0.6 tons)
7. Poland (0.6 tons)
8. Uzbekistan (0.6 tons)
9. Kazakhstan (0.6 tons)
10. Netherlands (0.3 tons)

Source: IndexBox Market Intelligence Platform