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

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

The average cycles; parts thereof, saddles import price stood at $1.1 per unit in 2022, declining by -1.6% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 decreased by -6.7% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 78%. Over the period under review, average import prices hit record highs at $1.2 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.2% per year.

Imports of Cycles; Parts Thereof, Saddles in Pakistan

In 2022, the amount of cycles; parts thereof, saddleses imported into Pakistan contracted remarkably to 214K units, dropping by -30.1% on the year before. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Over the period under review, imports reached the peak figure at 330K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cycles; parts thereof, saddles imports contracted significantly to $244K in 2022. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 54%. Imports peaked at $391K in 2019; however, from 2020 to 2022, imports failed to regain momentum.