Price for Cycles; Parts Thereof, Saddles in Panama - 2023
Contents:
- Price for Cycles; Parts Thereof, Saddles in Panama (CIF) - 2022
- Price for Cycles; Parts Thereof, Saddles in Panama (FOB) - 2022
- Imports of Cycles; Parts Thereof, Saddles in Panama
- Exports of Cycles; Parts Thereof, Saddles in Panama
Price for Cycles; Parts Thereof, Saddles in Panama (CIF) - 2022
The average cycles; parts thereof, saddles import price stood at $7.5 per unit in 2022, shrinking by -49.3% against the previous year. In general, the import price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 134%. Over the period under review, average import prices reached the maximum at $15 per unit in 2021, and then fell sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($26 per unit), while the price for China ($1.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cycles; Parts Thereof, Saddles in Panama (FOB) - 2022
In 2022, the average cycles; parts thereof, saddles export price amounted to $15 per unit, with a decrease of -9.4% against the previous year. Overall, the export price, however, posted a slight expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 421% against the previous year. As a result, the export price attained the peak level of $88 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($74 per unit), while the average price for exports to Venezuela ($1.9 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 Colombia (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles; Parts Thereof, Saddles in Panama
In 2022, after two years of decline, there was significant growth in purchases abroad of cycles; parts thereof, saddleses, when their volume increased by 42% to 10K units. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cycles; parts thereof, saddles imports reduced dramatically to $76K in 2022. Overall, imports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2021 when imports increased by 51%. As a result, imports attained the peak of $106K, and then reduced rapidly in the following year.
| Import of Cycles; Parts Thereof, Saddles in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 14.3 | 22.9 | 67.6 | 33.8 | 33.2% |
| Taiwan (Chinese) | 7.1 | 10.2 | 1.3 | 11.7 | 18.1% |
| China | 50.4 | 27.3 | 7.7 | 10.3 | -41.1% |
| Romania | N/A | 1.4 | 1.3 | 7.1 | 125.2% |
| Italy | 1.0 | 1.9 | 13.0 | 5.9 | 80.7% |
| Others | 9.3 | 6.1 | 14.8 | 7.2 | -8.2% |
| Total | 82.1 | 69.8 | 106 | 76.1 | -2.5% |
Top Suppliers of Cycles; Parts Thereof, Saddles to Panama in 2022:
- China (6.1K units)
- Free Zones (1.8K units)
- Taiwan (Chinese) (1.3K units)
- Romania (0.3K units)
- Italy (0.3K units)
Exports of Cycles; Parts Thereof, Saddles in Panama
In 2022, after three years of growth, there was significant decline in overseas shipments of cycles; parts thereof, saddleses, when their volume decreased by -29.5% to 3.6K units. Overall, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. As a result, the exports attained the peak of 5.2K units, and then shrank significantly in the following year.
In value terms, cycles; parts thereof, saddles exports reduced rapidly to $54K in 2022. Over the period under review, exports, however, saw strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 74% against the previous year. The exports peaked at $84K in 2021, and then contracted remarkably in the following year.
| Export of Cycles; Parts Thereof, Saddles in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 10.6 | 11.6 | 14.9 | 11.8 | 3.6% |
| Cuba | 0.6 | 5.3 | 7.4 | 6.4 | 120.1% |
| Belize | 1.9 | 4.7 | 8.5 | 6.3 | 49.1% |
| Colombia | 1.0 | 8.5 | 9.2 | 6.1 | 82.7% |
| Guyana | 11.9 | 8.9 | 23.5 | 4.3 | -28.8% |
| El Salvador | 1.6 | 3.3 | 4.0 | 3.1 | 24.7% |
| Chile | 1.0 | 1.9 | 3.3 | 2.4 | 33.9% |
| Paraguay | N/A | N/A | N/A | 1.8 | 0% |
| Venezuela | 4.7 | 1.5 | 2.0 | 1.6 | -30.2% |
| Haiti | 1.3 | 1.3 | 1.6 | 1.2 | -2.6% |
| Guatemala | 2.3 | 3.9 | 0.3 | 0.1 | -64.8% |
| Others | 8.2 | 27.8 | 9.2 | 8.5 | 1.2% |
| Total | 45.1 | 78.6 | 84.0 | 53.6 | 5.9% |
Top Export Markets for Cycles; Parts Thereof, Saddles from Panama in 2022:
- Venezuela (848.0 units)
- Belize (736.0 units)
- Guyana (471.0 units)
- Chile (418.0 units)
- Cuba (283.0 units)
- Paraguay (238.0 units)
- Nicaragua (159.0 units)
- Colombia (86.0 units)
- El Salvador (77.0 units)
- Haiti (67.0 units)
- Guatemala (10.0 units)
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Global Bicycle Frames And Forks Market Report 2018. This report provides an in-depth analysis of the global market for bicycle frames and forks.
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Global Bicycle Frames And Forks Market Report 2018. This report provides an in-depth analysis of the global market for bicycle frames and forks.
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