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

Price for Cycles; Parts Thereof, Saddles in Denmark (CIF) - 2022

The average cycles; parts thereof, saddles import price stood at $9 per unit in 2022, picking up by 9.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 23%. As a result, import price reached the peak level of $10 per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($20 per unit), while the price for China ($3.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average cycles; parts thereof, saddles export price amounted to $8.8 per unit, waning by -17% against 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 an increase of 701% against the previous year. The export price peaked at $26 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($14 per unit), while the average price for exports to Faroe Islands ($3.2 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 Norway (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Denmark

For the fourth year in a row, Denmark recorded growth in overseas purchases of cycles; parts thereof, saddleses, which increased by 7.3% to 368K units in 2022. The total import volume increased at an average annual rate of +14.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cycles; parts thereof, saddles imports surged to $3.3M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Import of Cycles; Parts Thereof, Saddles in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	634	671	1,241	1,622	36.8%
Taiwan (Chinese)	195	434	629	694	52.7%
Netherlands	243	334	237	349	12.8%
China	166	126	296	260	16.1%
Germany	253	299	255	201	-7.4%
Sweden	193	201	78.8	81.7	-24.9%
Vietnam	41.7	59.1	34.8	38.2	-2.9%
Others	175	115	70.2	87.6	-20.6%
Total	1,902	2,240	2,842	3,333	20.6%

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

Italy (126.5K units)
Taiwan (Chinese) (83.4K units)
China (80.2K units)
Germany (24.3K units)
Sweden (19.6K units)
Netherlands (17.6K units)
Vietnam (8.7K units)

Exports of Cycles; Parts Thereof, Saddles in Denmark

In 2022, the amount of cycles; parts thereof, saddleses exported from Denmark surged to 49K units, rising by 39% on the previous year. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 183% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cycles; parts thereof, saddles exports surged to $434K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 232%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Cycles; Parts Thereof, Saddles in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	22.0	174	157	123	77.5%
Sweden	29.6	62.9	54.6	108	53.9%
Finland	1.6	3.4	4.7	56.1	227.3%
Germany	7.2	8.1	36.5	22.0	45.1%
France	3.2	3.8	38.3	19.5	82.7%
Taiwan (Chinese)	N/A	N/A	N/A	18.4	0%
Poland	6.3	8.0	9.0	12.6	26.0%
Netherlands	2.5	3.4	16.6	10.6	61.9%
Spain	1.5	2.9	6.0	10.1	88.8%
United Kingdom	7.1	11.3	14.9	5.9	-6.0%
Faroe Islands	0.1	2.0	0.6	2.8	203.7%
Others	7.7	14.6	38.9	44.6	79.6%
Total	88.8	294	377	434	69.7%