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

Contents:

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

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

The average cycles; parts thereof, saddles import price stood at $8.1 per unit in July 2023, waning by -23.6% against the previous month. Overall, import price indicated a notable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cycles; parts thereof, saddles import price increased by +24.7% against May 2023 indices. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 63% m-o-m. As a result, import price reached the peak level of $10.6 per unit, and then contracted rapidly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Taiwan (Chinese) ($26.4 per unit), while the price for the Netherlands ($3.7 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 China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average cycles; parts thereof, saddles export price amounted to $2.2 per unit, which is down by -6.9% against the previous year. Over the period under review, the export price, however, continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $3.5 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($7.8 per unit), while the average price for exports to Poland ($1.3 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 Spain (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Portugal

For the fourth consecutive year, Portugal recorded growth in overseas purchases of cycles; parts thereof, saddleses, which increased by 32% to 3.9M units in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, cycles; parts thereof, saddles imports skyrocketed to $10M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. Vietnam (1634.5K units)
2. Italy (1167.6K units)
3. China (578.9K units)
4. Germany (303.8K units)
5. Taiwan (Chinese) (72.4K units)
6. Netherlands (68.8K units)

Exports of Cycles; Parts Thereof, Saddles in Portugal

For the fourth consecutive year, Portugal recorded growth in overseas shipments of cycles; parts thereof, saddleses, which increased by 39% to 156K units in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 233% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, cycles; parts thereof, saddles exports soared to $347K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 116% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. Romania (113.4K units)
2. France (20.1K units)
3. Poland (16.3K units)
4. Spain (3.1K units)

Source: IndexBox Market Intelligence Platform