Price for Cycles; Parts Thereof, Saddles in Belgium - 2023

Price for Cycles; Parts Thereof, Saddles in Belgium (CIF) - 2023

In July 2023, the average cycles; parts thereof, saddles import price amounted to $14.2 per unit, reducing by -56.9% against the previous month. Overall, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in December 2022 an increase of 136% against the previous month. Over the period under review, average import prices attained the maximum at $35.3 per unit in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($61.5 per unit), while the price for China ($5.4 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Saddles in Belgium (FOB) - 2022

The average cycles; parts thereof, saddles export price stood at $7.8 per unit in 2022, leveling off at the previous year. In general, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 162%. The export price peaked at $23 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Netherlands ($20 per unit), while the average price for exports to Hungary ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Belgium

In 2022, supplies from abroad of cycles; parts thereof, saddleses decreased by -2.6% to 676K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 82% against the previous year. Imports peaked at 694K units in 2021, and then fell modestly in the following year.

In value terms, cycles; parts thereof, saddles imports dropped modestly to $6M in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. Over the period under review, imports attained the maximum at $6.1M in 2021, and then shrank slightly in the following year.

Import of Cycles; Parts Thereof, Saddles in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	1,200	1,616	2,547	2,418	26.3%
Taiwan (Chinese)	89.5	616	781	1,003	123.8%
Netherlands	366	626	890	758	27.5%
China	140	297	643	515	54.4%
Vietnam	52.0	42.1	59.2	434	102.8%
France	118	303	310	265	31.0%
Germany	20.9	139	159	152	93.7%
Others	23.8	240	664	454	167.2%
Total	2,010	3,878	6,053	5,998	44.0%

Top Suppliers of Cycles; Parts Thereof, Saddles to Belgium in 2022:

Italy (173.1K units)
China (154.7K units)
Vietnam (125.8K units)
Taiwan (Chinese) (82.1K units)
France (43.0K units)
Germany (42.0K units)
Netherlands (35.6K units)

Exports of Cycles; Parts Thereof, Saddles in Belgium

For the fourth consecutive year, Belgium recorded growth in shipments abroad of cycles; parts thereof, saddleses, which increased by 12% to 352K units in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 645%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cycles; parts thereof, saddles exports expanded remarkably to $2.7M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 275%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Export of Cycles; Parts Thereof, Saddles in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	19.9	257	627	928	259.9%
Germany	144	569	627	697	69.2%
Netherlands	278	509	530	438	16.4%
Italy	6.2	103	206	194	215.1%
Poland	0.1	39.0	35.9	43.6	658.3%
Czech Republic	0.2	12.4	15.4	35.3	460.9%
United Kingdom	36.9	205	107	11.4	-32.4%
Hungary	N/A	48.6	30.9	8.9	-57.2%
Others	53.0	270	274	380	92.8%
Total	538	2,015	2,453	2,737	72.0%