Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Portugal - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Portugal (CIF) - 2023
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Portugal (FOB) - 2023
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Portugal
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Portugal
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Portugal (CIF) - 2023
The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $15,647 per ton in November 2023, surging by 32% against the previous month. Overall, the import price showed a temperate expansion. The growth pace was the most rapid in April 2023 when the average import price increased by 107% against the previous month. As a result, import price attained the peak level of $29,634 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($87,588 per ton), while the price for China ($7,563 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) (+9.2%), 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 Portugal (FOB) - 2023
In November 2023, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $24,581 per ton, reducing by -24.9% against the previous month. Overall, the export price continues to indicate a mild shrinkage. The growth pace was the most rapid in April 2023 when the average export price increased by 47% against the previous month. The export price peaked at $33,169 per ton in August 2023; however, from September 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($67,661 per ton), while the average price for exports to Spain ($9,880 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 the Netherlands (+25.0%), 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 Portugal
In 2022, overseas purchases of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -10.2% to 3.8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.4% 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 +34.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of 4.2K tons, and then dropped in the following year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves soared to $42M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 74% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 6.2 | 8.1 | 12.4 | 32.8% |
| Taiwan (Chinese) | 4.3 | 3.5 | 5.9 | 7.7 | 21.4% |
| France | 0.5 | 0.4 | 1.0 | 7.2 | 143.3% |
| Germany | 3.9 | 4.3 | 7.2 | 5.8 | 14.1% |
| Hong Kong SAR | N/A | 0.1 | 3.5 | 2.2 | 369.0% |
| Malaysia | 1.4 | 0.9 | 1.7 | 1.6 | 4.6% |
| Netherlands | 0.4 | 0.3 | 0.7 | 1.1 | 40.1% |
| Italy | 0.8 | 0.6 | 0.7 | 0.8 | 0.0% |
| India | 0.4 | 0.7 | 1.2 | 0.5 | 7.7% |
| Others | 0.6 | 0.8 | 1.2 | 2.7 | 65.1% |
| Total | 17.6 | 17.9 | 31.2 | 42.0 | 33.6% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Portugal in 2022:
- China (1519.4 tons)
- France (640.8 tons)
- Germany (516.8 tons)
- Taiwan (Chinese) (470.7 tons)
- Hong Kong SAR (184.6 tons)
- India (105.4 tons)
- Italy (103.9 tons)
- Netherlands (68.1 tons)
- Malaysia (55.5 tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Portugal
In 2022, shipments abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -2.1% to 813 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. As a result, the exports reached the peak of 831 tons, and then contracted modestly in the following year.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves surged to $23M in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 112% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | 1.2 | 2.6 | 3.9 | 77.3% |
| Bulgaria | 0.1 | 0.7 | 2.1 | 3.5 | 227.1% |
| Austria | 1.0 | 2.2 | 3.0 | 2.3 | 32.0% |
| Italy | 1.3 | 0.8 | 1.8 | 2.1 | 17.3% |
| France | 0.4 | 0.8 | 3.0 | 1.9 | 68.1% |
| Netherlands | 1.2 | 1.1 | 1.5 | 1.4 | 5.3% |
| Czech Republic | N/A | N/A | 0.4 | 1.3 | 225.0% |
| Romania | 1.1 | 1.0 | 0.9 | 1.1 | 0.0% |
| Belgium | N/A | N/A | 0.3 | 1.1 | 266.7% |
| Hungary | 0.1 | 0.3 | 1.3 | 1.0 | 115.4% |
| Spain | 0.2 | 0.6 | 1.2 | 0.9 | 65.1% |
| Others | 0.3 | 0.4 | 1.3 | 2.3 | 97.2% |
| Total | 6.5 | 9.2 | 19.5 | 23.0 | 52.4% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Portugal in 2022:
- Germany (114.8 tons)
- Italy (99.7 tons)
- Bulgaria (96.5 tons)
- Austria (81.9 tons)
- Romania (71.0 tons)
- France (63.6 tons)
- Spain (47.4 tons)
- Czech Republic (46.2 tons)
- Netherlands (45.3 tons)
- Hungary (40.1 tons)
- Belgium (36.3 tons)
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