Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in New Zealand - 2024

Contents:

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

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

In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $31,574 per ton, dropping by -6.4% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2021 a decrease of -3.2%. Over the period under review, average import prices attained the maximum at $64,774 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($31,577 per ton) and Japan ($31,575 per ton), while the price for France ($31,558 per ton) and China ($31,567 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-4.3%), while the prices for the other major suppliers experienced a decline.

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in New Zealand (FOB) - 2022

The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $58,240 per ton in 2022, declining by -27.7% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 40%. The export price peaked at $101,652 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($58,538 per ton) and New Caledonia ($58,389 per ton), while the average price for exports to Spain ($57,250 per ton) and Switzerland ($57,867 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 130 tons of cycles; parts, pedals and crank-gear, and parts thereoves were imported into New Zealand; increasing by 29% compared with 2021 figures. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves surged to $4.1M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 increased by +72.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Taiwan (Chinese) (80.2 tons)
2. Malaysia (19.1 tons)
3. Japan (15.0 tons)
4. United States (5.0 tons)

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

In 2022, shipments abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -14.5% to 300 kg, falling for the second year in a row after two years of growth. Overall, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 118% against the previous year. As a result, the exports attained the peak of 565 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves declined significantly to $17K in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 164%. As a result, the exports attained the peak of $39K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Germany (109.0 kg)
2. New Caledonia (72.0 kg)
3. Japan (53.0 kg)
4. Switzerland (30.0 kg)
5. Spain (16.0 kg)
6. United States (13.0 kg)

Source: IndexBox Market Intelligence Platform