Price for Cycles; Parts Thereof, Saddles in Canada - 2023
Contents:
- Price for Cycles; Parts Thereof, Saddles in Canada (CIF) - 2022
- Price for Cycles; Parts Thereof, Saddles in Canada (FOB) - 2022
- Imports of Cycles; Parts Thereof, Saddles in Canada
- Exports of Cycles; Parts Thereof, Saddles in Canada
Price for Cycles; Parts Thereof, Saddles in Canada (CIF) - 2022
In 2022, the average cycles; parts thereof, saddles import price amounted to $5.1 per unit, increasing by 9.4% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cycles; parts thereof, saddles import price increased by +69.0% against 2012 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 14%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($5.1 per unit) and Mexico ($5.1 per unit), while the price for China ($5.1 per unit) and the UK ($5.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cycles; Parts Thereof, Saddles in Canada (FOB) - 2022
The average cycles; parts thereof, saddles export price stood at $34 per unit in 2022, rising by 62% against the previous year. Overall, the export price saw significant growth. The most prominent rate of growth was recorded in 2021 an increase of 154%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($35 per unit) and France ($35 per unit), while the average price for exports to the UK ($34 per unit) and Spain ($34 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles; Parts Thereof, Saddles in Canada
In 2022, cycles; parts thereof, saddles imports into Canada shrank to 1.3M units, dropping by -13.8% on 2021. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% 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 +29.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of 1.5M units, and then reduced in the following year.
In value terms, cycles; parts thereof, saddles imports reduced to $6.5M in 2022. Overall, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of $6.9M, and then contracted in the following year.
| Import of Cycles; Parts Thereof, Saddles in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,467 | 1,321 | 2,105 | 2,418 | 18.1% |
| China | 861 | 1,218 | 2,135 | 1,720 | 25.9% |
| Italy | 608 | 679 | 1,585 | 1,299 | 28.8% |
| United States | 645 | 462 | 617 | 596 | -2.6% |
| United Kingdom | 129 | 121 | 214 | 146 | 4.2% |
| Vietnam | 18.5 | 15.4 | 99.2 | 113 | 82.8% |
| Mexico | 103 | 81.2 | 82.3 | 112 | 2.8% |
| Others | 72.0 | 105 | 30.9 | 70.8 | -0.6% |
| Total | 3,903 | 4,002 | 6,868 | 6,475 | 18.4% |
Top Suppliers of Cycles; Parts Thereof, Saddles to Canada in 2022:
- Taiwan (Chinese) (473.1K units)
- China (336.4K units)
- Italy (254.2K units)
- United States (116.6K units)
- United Kingdom (28.5K units)
- Vietnam (22.2K units)
- Mexico (21.8K units)
Exports of Cycles; Parts Thereof, Saddles in Canada
In 2022, the amount of cycles; parts thereof, saddleses exported from Canada soared to 22K units, jumping by 39% against 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 73%. As a result, the exports reached the peak of 40K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cycles; parts thereof, saddles exports surged to $769K in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cycles; Parts Thereof, Saddles in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 99.4 | 170 | 161 | 343 | 51.1% |
| Spain | 14.5 | N/A | 24.9 | 205 | 141.8% |
| Germany | 20.9 | 47.1 | 57.9 | 142 | 89.4% |
| Mexico | 3.7 | 9.0 | 1.2 | 16.1 | 63.3% |
| Singapore | N/A | N/A | N/A | 15.8 | 0% |
| Czech Republic | 8.5 | 10.4 | 20.6 | 11.5 | 10.6% |
| United Kingdom | 32.0 | 72.1 | 60.8 | 9.3 | -33.8% |
| Japan | 15.1 | 7.1 | 9.7 | 2.8 | -43.0% |
| Others | 31.9 | 16.3 | 5.0 | 23.4 | -9.8% |
| Total | 226 | 332 | 342 | 769 | 50.4% |
Top Export Markets for Cycles; Parts Thereof, Saddles from Canada in 2022:
- United States (9.9K units)
- Spain (6.0K units)
- Germany (4.1K units)
- Singapore (0.5K units)
- Mexico (0.5K units)
- Czech Republic (0.3K units)
- United Kingdom (0.3K units)
- Japan (0.1K units)
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