Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa - 2024
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa (CIF) - 2024
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa (FOB) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa (CIF) - 2024
In January 2024, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $7,345 per ton, remaining constant against the previous month. Overall, the import price saw a abrupt descent. The growth pace was the most rapid in June 2023 when the average import price increased by 220% month-to-month. As a result, import price reached the peak level of $30,936 per ton. From July 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Taiwan (Chinese) ($192K per ton), while the price for China ($2,597 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa (FOB) - 2022
In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $8,680 per ton, picking up by 22% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 103%. The export price peaked at $28,259 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($26,720 per ton), while the average price for exports to Canada ($1,000 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 Zambia (-0.1%), while the prices for the other major destinations experienced a decline.
Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa
Imports of cycles; parts, pedals and crank-gear, and parts thereoves into South Africa declined markedly to 169 tons in 2022, reducing by -30.2% against 2021. Over the period under review, imports, however, showed a modest increase. The pace of growth appeared the most rapid in 2021 with an increase of 121% against the previous year. As a result, imports attained the peak of 242 tons, and then declined significantly in the following year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves reduced to $3M in 2022. Overall, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.4% 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 +60.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 63%. As a result, imports attained the peak of $3.1M, and then declined modestly in the following year.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 903 | 689 | 1,012 | 1,130 | 7.8% |
| China | 716 | 421 | 926 | 713 | -0.1% |
| Japan | 337 | 182 | 230 | 268 | -7.4% |
| Malaysia | 299 | 189 | 237 | 247 | -6.2% |
| Others | 472 | 399 | 660 | 654 | 11.5% |
| Total | 2,727 | 1,880 | 3,066 | 3,013 | 3.4% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to South Africa in 2022:
- China (131.8 tons)
- Taiwan (Chinese) (19.3 tons)
- Malaysia (8.0 tons)
- Japan (4.2 tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa
In 2022, approx. 7.3 tons of cycles; parts, pedals and crank-gear, and parts thereoves were exported from South Africa; which is down by -34.7% compared with the previous year's figure. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. As a result, the exports reached the peak of 11 tons, and then fell remarkably in the following year.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves fell remarkably to $63K in 2022. Over the period under review, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $247K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 36.8 | 15.1 | 25.5 | 30.4 | -6.2% |
| Swaziland | 13.6 | 9.9 | 14.0 | 8.6 | -14.2% |
| Lesotho | 2.3 | 2.8 | 3.9 | 6.4 | 40.7% |
| Botswana | 11.0 | 5.6 | 8.2 | 5.4 | -21.1% |
| Zimbabwe | 0.4 | 0.4 | 2.9 | 4.7 | 127.3% |
| Mozambique | 2.1 | 0.3 | 1.3 | 1.5 | -10.6% |
| Zambia | 7.4 | 0.2 | 3.0 | 0.5 | -59.3% |
| Canada | 127 | 201 | N/A | N/A | 58.3% |
| Others | 12.5 | 11.1 | 20.7 | 5.7 | -23.0% |
| Total | 213 | 247 | 79.5 | 63.2 | -33.3% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from South Africa in 2022:
- Namibia (4311.0 kg)
- Lesotho (1352.0 kg)
- Swaziland (553.0 kg)
- Botswana (381.0 kg)
- Mozambique (265.0 kg)
- Zimbabwe (175.0 kg)
- Zambia (47.0 kg)
- Canada (1.0 kg)
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