Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico (CIF) - 2022
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico (FOB) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico (CIF) - 2022
The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $5,336 per ton in 2022, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2020 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,415 per ton), while the price for India stood at $2,895 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%).
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico (FOB) - 2022
In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $19,754 per ton, shrinking by -5.2% against the previous year. In general, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 110%. The export price peaked at $23,998 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Cuba.
From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to +15.6% per year.
Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico
In 2022, imports of cycles; parts, pedals and crank-gear, and parts thereoves into Mexico declined rapidly to 1.7K tons, waning by -56% against 2021 figures. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 103% against the previous year. As a result, imports attained the peak of 3.9K tons, and then declined notably in the following year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves dropped markedly to $9.2M in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 96% against the previous year. As a result, imports attained the peak of $18M, and then fell dramatically in the following year.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 6.1 | 14.4 | 7.3 | 4.5% |
| India | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Others | 2.8 | 3.1 | 3.8 | 1.8 | -13.7% |
| Total | 9.3 | 9.4 | 18.4 | 9.2 | -0.4% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Mexico in 2022:
- China (1658.1 tons)
- India (45.1 tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico
After three years of growth, shipments abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -98.7% to 61 kg in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 157% against the previous year. As a result, the exports reached the peak of 4.7 tons, and then reduced dramatically in the following year.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves contracted significantly to $1.2K in 2022. In general, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 144% against the previous year. As a result, the exports reached the peak of $98K, and then reduced dramatically in the following year.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 0.1 | 0.1 | 0.3 | 1.2 | 128.9% |
| Guatemala | 2.9 | 6.9 | 0.2 | N/A | -73.7% |
| United States | 11.0 | 9.6 | 16.4 | N/A | 22.1% |
| Costa Rica | 1.2 | 1.2 | 2.4 | N/A | 41.4% |
| Panama | 0.4 | 0.5 | 0.9 | N/A | 50.0% |
| Italy | 1.0 | 0.8 | 1.4 | N/A | 18.3% |
| Saudi Arabia | N/A | 7.5 | 42.1 | N/A | 461.3% |
| Others | 11.6 | 13.7 | 34.6 | N/A | 72.7% |
| Total | 28.2 | 40.3 | 98.4 | 1.2 | -65.1% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Mexico in 2022:
- Cuba (61.0 kg)
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