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

Contents:

1. Price for Cycles; Parts Thereof, Saddles in Hungary (CIF) - 2023
2. Price for Cycles; Parts Thereof, Saddles in Hungary (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Saddles in Hungary
4. Exports of Cycles; Parts Thereof, Saddles in Hungary

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

The average cycles; parts thereof, saddles import price stood at $8.1 per unit in July 2023, increasing by 16% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 60% month-to-month. Over the period under review, average import prices reached the peak figure at $10.4 per unit in August 2022; however, from September 2022 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 France ($15.4 per unit), while the price for Lithuania ($116 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average cycles; parts thereof, saddles export price stood at $6.3 per unit in 2022, picking up by 14% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 69% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($8.6 per unit), while the average price for exports to Italy ($0.7 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 the Czech Republic (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Hungary

In 2022, purchases abroad of cycles; parts thereof, saddleses decreased by -6% to 1.1M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.7% 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 2021 when imports increased by 34%. As a result, imports reached the peak of 1.1M units, and then declined in the following year.

In value terms, cycles; parts thereof, saddles imports stood at $4.1M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +65.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

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

1. China (451.4K units)
2. Italy (361.5K units)
3. Germany (81.3K units)
4. Taiwan (Chinese) (55.4K units)
5. Vietnam (42.8K units)
6. France (19.9K units)
7. Indonesia (10.3K units)

Exports of Cycles; Parts Thereof, Saddles in Hungary

In 2022, the amount of cycles; parts thereof, saddleses exported from Hungary surged to 105K units, increasing by 36% against the previous year. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cycles; parts thereof, saddles exports surged to $658K in 2022. Overall, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cycles; Parts Thereof, Saddles from Hungary in 2022:

1. Germany (73.6K units)
2. Italy (12.3K units)
3. Romania (6.7K units)
4. Slovakia (5.8K units)
5. Poland (2.9K units)
6. Czech Republic (1.9K units)
7. Turkey (0.5K units)

Source: IndexBox Market Intelligence Platform