Price for Cycles; Parts Thereof, Saddles in Singapore - 2022
Contents:
- Price for Cycles; Parts Thereof, Saddles in Singapore (CIF) - 2022
- Price for Cycles; Parts Thereof, Saddles in Singapore (FOB) - 2022
- Imports of Cycles; Parts Thereof, Saddles in Singapore
- Exports of Cycles; Parts Thereof, Saddles in Singapore
Price for Cycles; Parts Thereof, Saddles in Singapore (CIF) - 2022
In 2022, the average cycles; parts thereof, saddles import price amounted to $5.2 per unit, picking up by 11% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 increased by +88.8% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($5.1 per unit) and Italy ($5.1 per unit), while the price for Canada ($4.9 per unit) and the UK ($4.9 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cycles; Parts Thereof, Saddles in Singapore (FOB) - 2022
In 2022, the average cycles; parts thereof, saddles export price amounted to $37 per unit, with an increase of 62% against the previous year. In general, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 230% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($42 per unit), while the average price for exports to China ($21 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 Myanmar (+109.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles; Parts Thereof, Saddles in Singapore
In 2022, supplies from abroad of cycles; parts thereof, saddleses decreased by -14.4% to 276K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 79%. As a result, imports attained the peak of 323K units, and then dropped in the following year.
In value terms, cycles; parts thereof, saddles imports reduced to $1.4M in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 107%. As a result, imports reached the peak of $1.5M, and then declined in the following year.
| Import of Cycles; Parts Thereof, Saddles in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 187 | 278 | 677 | 485 | 37.4% |
| Taiwan (Chinese) | 298 | 219 | 345 | 428 | 12.8% |
| China | 47.0 | 40.6 | 180 | 204 | 63.1% |
| United Kingdom | 37.9 | 39.9 | 98.6 | 102 | 39.1% |
| Malaysia | 0.2 | N/A | 0.6 | 45.0 | 508.2% |
| Portugal | N/A | 21.8 | 13.3 | 28.1 | 13.5% |
| Canada | N/A | N/A | 0.4 | 21.7 | 5325.0% |
| Others | 34.8 | 133 | 201 | 121 | 51.5% |
| Total | 606 | 733 | 1,515 | 1,434 | 33.3% |
Top Suppliers of Cycles; Parts Thereof, Saddles to Singapore in 2022:
- Italy (95.2K units)
- Taiwan (Chinese) (84.0K units)
- China (40.9K units)
- United Kingdom (20.6K units)
- Malaysia (9.1K units)
- Portugal (5.7K units)
- Canada (4.4K units)
Exports of Cycles; Parts Thereof, Saddles in Singapore
In 2022, overseas shipments of cycles; parts thereof, saddleses decreased by -34.5% to 10K units, falling for the second consecutive year after two years of growth. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 6.3% against the previous year. As a result, the exports attained the peak of 55K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cycles; parts thereof, saddles exports expanded notably to $389K in 2022. Overall, exports showed a deep reduction. The exports peaked at $507K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Cycles; Parts Thereof, Saddles in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 141 | 261 | 246 | 265 | 23.4% |
| Malaysia | 76.9 | 42.7 | 46.6 | 39.3 | -20.0% |
| Thailand | 106 | 59.5 | 41.6 | 34.2 | -31.4% |
| Philippines | 125 | 23.1 | 23.1 | 20.4 | -45.4% |
| Belgium | N/A | N/A | N/A | 15.0 | 0% |
| China | 2.8 | 3.6 | N/A | 9.3 | 49.2% |
| Taiwan (Chinese) | 31.0 | 36.2 | 1.9 | N/A | -75.2% |
| Others | 24.2 | 25.6 | 6.9 | 6.5 | -35.5% |
| Total | 507 | 452 | 366 | 389 | -8.5% |
Top Export Markets for Cycles; Parts Thereof, Saddles from Singapore in 2022:
- Indonesia (6.5K units)
- Malaysia (1.2K units)
- Philippines (0.8K units)
- Thailand (0.8K units)
- China (0.4K units)
- Belgium (0.4K units)
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