Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Vietnam - 2022
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Vietnam (CIF) - 2022
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Vietnam (FOB) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Vietnam
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Vietnam
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Vietnam (CIF) - 2022
In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $5,232 per ton, surging by 17% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 31% against the previous year. As a result, import price attained the peak level of $5,795 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($21,168 per ton), while the price for China totaled $1,800 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+17.6%), 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 Vietnam (FOB) - 2022
In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $57,947 per ton, which is down by -19.8% against the previous year. Over the period under review, the export price, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 85% against the previous year. As a result, the export price reached the peak level of $128,000 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($251,700 per ton), while the average price for exports to Cambodia ($18,603 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 Germany (+21.1%), 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 Vietnam
In 2022, approx. 1.7K tons of cycles; parts, pedals and crank-gear, and parts thereoves were imported into Vietnam; with an increase of 18% on the previous year. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 111%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves soared to $9.1M in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. Imports peaked 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 Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.6 | 0.9 | 2.5 | 6.3 | 119.0% |
| China | 1.2 | 1.1 | 2.5 | 2.5 | 27.7% |
| Others | 0.6 | 1.3 | 1.5 | 0.3 | -20.6% |
| Total | 2.4 | 3.4 | 6.6 | 9.1 | 55.9% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Vietnam in 2022:
- China (1416.2 tons)
- Taiwan (Chinese) (296.4 tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Vietnam
In 2022, approx. 6.4 tons of cycles; parts, pedals and crank-gear, and parts thereoves were exported from Vietnam; picking up by 644% against 2021. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 932% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves soared to $374K in 2022. Over the period under review, exports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 1,515% against the previous year.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 6.9 | N/A | 0.5 | 176 | 194.4% |
| Taiwan (Chinese) | 0.3 | N/A | 0.9 | 107 | 609.2% |
| Australia | 24.7 | 0.2 | 4.8 | 72.2 | 43.0% |
| Cambodia | 0.8 | N/A | 0.1 | 17.7 | 180.7% |
| Japan | 459 | 2.6 | 31.9 | N/A | -73.6% |
| Germany | 27.5 | 0.2 | 2.5 | N/A | -69.8% |
| United States | 21.7 | 0.1 | 1.0 | N/A | -78.5% |
| Others | 32.1 | 0.8 | 21.0 | 0.5 | -75.0% |
| Total | 573 | 3.9 | 62.6 | 374 | -13.3% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Vietnam in 2022:
- Taiwan (Chinese) (4.5 tons)
- Cambodia (0.9 tons)
- United Kingdom (0.7 tons)
- Australia (0.3 tons)
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