Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Singapore - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Singapore (CIF) - 2022
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Singapore (FOB) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Singapore
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Singapore
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Singapore (CIF) - 2022
The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $4,971 per ton in 2022, increasing by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 an increase of 46%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($7,109 per ton), while the price for China ($98 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.5%), 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 Singapore (FOB) - 2022
The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $59,884 per ton in 2022, which is down by -16.2% against the previous year. In general, the export price recorded a abrupt setback. The growth pace was the most rapid in 2020 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $102,627 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($86,270 per ton), while the average price for exports to Hungary ($28,879 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 Hungary (+17.7%), 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 Singapore
In 2022, approx. 33K tons of cycles; parts, pedals and crank-gear, and parts thereoves were imported into Singapore; which is down by -16.4% against 2021 figures. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% 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 +22.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 46%. As a result, imports attained the peak of 39K tons, and then declined rapidly in the following year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves stood at $162M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +45.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 102 | 114 | 139 | 147 | 13.0% |
| Philippines | 6.8 | 6.6 | 12.5 | 10.8 | 16.7% |
| China | 0.2 | 0.2 | 0.7 | 0.2 | 0.0% |
| Others | 1.6 | 2.8 | 5.0 | 3.6 | 31.0% |
| Total | 111 | 123 | 157 | 162 | 13.4% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Singapore in 2022:
- Malaysia (20.7K tons)
- Philippines (8.5K tons)
- China (2.4K tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Singapore
Exports of cycles; parts, pedals and crank-gear, and parts thereoves from Singapore soared to 2.6K tons in 2022, growing by 26% against 2021 figures. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.3% against 2020 indices. 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 expanded notably to $154M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.0% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.9 | 24.1 | 33.0 | 44.8 | 23.3% |
| United States | 6.7 | 8.8 | 8.4 | 12.3 | 22.4% |
| China | 11.2 | 12.5 | 14.7 | 12.1 | 2.6% |
| Netherlands | 7.8 | 8.7 | 11.2 | 10.1 | 9.0% |
| Taiwan (Chinese) | 7.5 | 9.7 | 9.8 | 9.5 | 8.2% |
| France | 5.6 | 5.4 | 8.8 | 8.6 | 15.4% |
| Cambodia | 5.2 | 6.9 | 7.7 | 7.4 | 12.5% |
| United Kingdom | 4.0 | 4.3 | 4.9 | 4.9 | 7.0% |
| Poland | 2.5 | 2.3 | 4.4 | 4.3 | 19.8% |
| Indonesia | 1.9 | 3.1 | 7.5 | 4.0 | 28.2% |
| Vietnam | 0.3 | 1.4 | 1.3 | 2.2 | 94.3% |
| Bulgaria | 2.3 | 1.2 | 1.5 | 1.9 | -6.2% |
| Hungary | 0.1 | 0.5 | 1.3 | 1.6 | 152.0% |
| Others | 26.0 | 27.0 | 31.5 | 30.6 | 5.6% |
| Total | 105 | 116 | 146 | 154 | 13.6% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Singapore in 2022:
- Germany (611.8 tons)
- Netherlands (218.7 tons)
- United States (202.9 tons)
- France (193.0 tons)
- Cambodia (175.4 tons)
- China (157.3 tons)
- Taiwan (Chinese) (137.1 tons)
- Bulgaria (62.1 tons)
- Poland (58.1 tons)
- United Kingdom (56.2 tons)
- Hungary (54.7 tons)
- Indonesia (52.2 tons)
- Vietnam (50.1 tons)
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