Price for Cycles; Parts Thereof, Saddles in Peru - 2021

Contents:

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

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

The average cycles; parts thereof, saddles import price stood at $1.4 per unit in 2022, jumping by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($8.1 per unit), while the price for China ($0.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average cycles; parts thereof, saddles export price stood at $2.5 per unit in 2022, which is down by -33.2% against the previous year. Overall, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $8.5 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cuba.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -1.9% per year.

Imports of Cycles; Parts Thereof, Saddles in Peru

Cycles; parts thereof, saddles imports into Peru reduced markedly to 491K units in 2022, falling by -23.8% against the previous year's figure. Overall, imports showed a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of 644K units, and then reduced dramatically in the following year.

In value terms, cycles; parts thereof, saddles imports expanded significantly to $678K in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 6.9%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. China (444.0K units)
2. Taiwan (Chinese) (18.3K units)
3. India (15.2K units)
4. Vietnam (12.6K units)

Exports of Cycles; Parts Thereof, Saddles in Peru

In 2022, cycles; parts thereof, saddles exports from Peru skyrocketed to 103 units, rising by 281% compared with the year before. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 575% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, cycles; parts thereof, saddles exports soared to $260 in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 500% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Cuba (103.0 units)

Source: IndexBox Market Intelligence Platform