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

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

The average cycles; parts thereof, saddles import price stood at $18.8 per unit in July 2023, waning by -1.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in April 2023 when the average import price increased by 31% against the previous month. Over the period under review, average import prices hit record highs at $19.2 per unit in June 2023, and then contracted slightly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($40.6 per unit), while the price for China ($8.0 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 Italy (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Saddles in Germany (FOB) - 2023

The average cycles; parts thereof, saddles export price stood at $27.0 per unit in July 2023, rising by 16% against the previous month. Over the period under review, export price indicated perceptible growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cycles; parts thereof, saddles export price decreased by -3.9% against May 2023 indices. The most prominent rate of growth was recorded in September 2022 an increase of 50% against the previous month. Over the period under review, the average export prices reached the maximum at $32.8 per unit in October 2022; however, from November 2022 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was France ($73.8 per unit), while the average price for exports to Ghana ($206 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Germany

After three years of growth, overseas purchases of cycles; parts thereof, saddleses decreased by -5.6% to 10M units in 2022. The total import volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. Imports peaked at 11M units in 2021, and then fell in the following year.

In value terms, cycles; parts thereof, saddles imports reduced to $72M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.9% 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 +76.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of $73M, leveling off in the following year.

Import of Cycles; Parts Thereof, Saddles in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	11.7	14.2	20.4	22.7	24.7%
Italy	15.5	17.4	27.6	22.5	13.2%
China	8.6	9.4	13.8	14.2	18.2%
Vietnam	2.5	3.2	4.6	5.7	31.6%
Netherlands	0.5	0.9	1.2	2.2	63.9%
Others	2.1	5.0	5.0	4.9	32.6%
Total	40.9	50.0	72.6	72.2	20.9%

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

China (3.6M units)
Italy (2.2M units)
Taiwan (Chinese) (2.1M units)
Vietnam (1.3M units)
Netherlands (0.5M units)

Exports of Cycles; Parts Thereof, Saddles in Germany

After three years of growth, shipments abroad of cycles; parts thereof, saddleses decreased by -1.6% to 3.1M units in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, the exports attained the peak of 3.2M units, and then dropped slightly in the following year.

In value terms, cycles; parts thereof, saddles exports expanded notably to $26M in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 47%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Cycles; Parts Thereof, Saddles in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	1.7	2.8	3.7	4.4	37.3%
Italy	0.4	0.7	2.2	3.8	111.8%
Austria	1.6	2.1	2.7	3.3	27.3%
Netherlands	1.6	2.1	3.9	3.2	26.0%
France	0.8	0.8	1.3	2.2	40.1%
Switzerland	1.1	1.9	2.2	2.0	22.1%
Czech Republic	0.5	0.6	0.8	1.0	26.0%
Spain	0.5	0.5	0.8	0.9	21.6%
United Kingdom	0.6	0.8	0.5	0.8	10.1%
Hungary	0.1	0.5	0.8	0.7	91.3%
Portugal	N/A	N/A	0.2	0.5	150.0%
Belgium	0.2	0.4	0.4	0.4	26.0%
Romania	0.2	0.2	0.2	0.3	14.5%
Others	1.7	2.5	3.6	2.8	18.1%
Total	11.1	16.0	23.4	26.4	33.5%