Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Ukraine - 2023

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Ukraine (CIF) - 2023
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Ukraine (FOB) - 2022
3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Ukraine
4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Ukraine

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Ukraine (CIF) - 2023

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $3,619 per ton in December 2023, reducing by -6.4% against the previous month. Over the period under review, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in September 2023 an increase of 39% m-o-m. Over the period under review, average import prices hit record highs at $6,441 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($3,773 per ton), while the price for India totaled $1,845 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $1,171 per ton, dropping by -49.2% against the previous year. Over the period under review, the export price saw a noticeable contraction. The growth pace was the most rapid in 2017 an increase of 49% against the previous year. As a result, the export price reached the peak level of $8,372 per ton. From 2018 to 2022, the average 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 Moldova ($1,221 per ton), while the average price for exports to Belarus totaled $678 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+15.4%).

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

Imports of cycles; parts, pedals and crank-gear, and parts thereoves into Ukraine contracted remarkably to 313 tons in 2022, which is down by -61.4% against the year before. Overall, imports showed a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by 14%.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves reduced remarkably to $1.4M in 2022. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of $2.9M, and then declined sharply in the following year.

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

1. China (274.6 tons)
2. India (25.7 tons)
3. Taiwan (Chinese) (10.2 tons)

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

For the fourth consecutive year, Ukraine recorded growth in overseas shipments of cycles; parts, pedals and crank-gear, and parts thereoves, which increased by 65% to 3.7 tons in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 193%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves shrank dramatically to $4.4K in 2022. Overall, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 257% against the previous year. As a result, the exports attained the peak of $5.2K, and then declined dramatically in the following year.

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

1. Moldova (3.4 tons)
2. Belarus (0.3 tons)

Source: IndexBox Market Intelligence Platform