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

Contents:

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

Price for Cycles; Parts Thereof, Saddles in Romania (FOB) - 2023

In June 2023, the average cycles; parts thereof, saddles export price amounted to $43.0 per unit, stabilizing at the previous month. In general, the export price, however, saw a moderate increase. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 484% against the previous month. Over the period under review, the average export prices reached the peak figure at $43.6 per unit in May 2023, and then contracted in the following month.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Italy ($48.1 per unit), while the average price for exports to Turkey ($2.0 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average cycles; parts thereof, saddles import price stood at $7.9 per unit in July 2023, jumping by 30% against the previous month. Overall, import price indicated perceptible growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.2% 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 +69.3% against May 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 154% against the previous month. The import price peaked at $8.6 per unit in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($16.2 per unit), while the price for China ($2.2 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 France (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cycles; Parts Thereof, Saddles in Romania

In 2022, cycles; parts thereof, saddles exports from Romania surged to 1.1M units, growing by 41% against 2021 figures. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 89% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, cycles; parts thereof, saddles exports totaled $10M in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

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

1. Italy (1095.9K units)

Imports of Cycles; Parts Thereof, Saddles in Romania

In 2022, approx. 1.9M units of cycles; parts thereof, saddleses were imported into Romania; reducing by -13.4% on 2021. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 +36.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports reached the peak of 2.2M units, and then declined in the following year.

In value terms, cycles; parts thereof, saddles imports dropped slightly to $4.4M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +60.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, imports attained the peak of $4.6M, and then dropped slightly in the following year.

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

1. Vietnam (914.8K units)
2. Italy (562.4K units)
3. China (287.7K units)
4. Germany (78.6K units)

Source: IndexBox Market Intelligence Platform