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

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

The average cycles; parts thereof, saddles import price stood at $24.7 per unit in July 2023, shrinking by -15.4% against the previous month. Overall, import price indicated a temperate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.8% 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 decreased by -20.4% against May 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 105% month-to-month. As a result, import price reached the peak level of $31.1 per unit. From June 2023 to July 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($63.8 per unit), while the price for Vietnam ($7.4 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 (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average cycles; parts thereof, saddles export price amounted to $23 per unit, increasing by 3.2% against the previous year. Overall, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2019 an increase of 86%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($39 per unit), while the average price for exports to Poland ($15 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 (+43.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Spain

In 2022, approx. 1.5M units of cycles; parts thereof, saddleses were imported into Spain; increasing by 4.7% compared with 2021. The total import volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cycles; parts thereof, saddles imports declined to $11M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.9% 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 +81.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45%. As a result, imports reached the peak of $11M, and then shrank modestly in the following year.

Import of Cycles; Parts Thereof, Saddles in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	2.2	2.4	4.4	4.3	25.0%
China	1.1	1.3	2.4	2.2	26.0%
Taiwan (Chinese)	0.9	0.7	0.7	1.2	10.1%
France	0.3	0.9	1.4	0.8	38.7%
Germany	0.6	1.1	0.8	0.8	10.1%
Vietnam	0.3	0.4	0.7	0.7	32.6%
Netherlands	N/A	0.2	0.5	0.6	73.2%
India	0.1	N/A	N/A	N/A	0%
Others	0.4	0.6	0.3	0.4	0.0%
Total	6.0	7.6	11.1	10.9	22.0%

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

Italy (579.5K units)
China (424.2K units)
Vietnam (172.8K units)
Taiwan (Chinese) (91.1K units)
France (80.8K units)
Netherlands (71.1K units)
Germany (40.1K units)
India (1.2K units)

Exports of Cycles; Parts Thereof, Saddles in Spain

After three years of growth, shipments abroad of cycles; parts thereof, saddleses decreased by -42.5% to 107K units in 2022. Overall, exports, however, saw a pronounced expansion. The pace of growth was the most pronounced in 2020 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs at 186K units in 2021, and then reduced sharply in the following year.

In value terms, cycles; parts thereof, saddles exports reduced markedly to $2.5M in 2022. In general, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 63%. Over the period under review, the exports hit record highs at $4.2M in 2021, and then reduced remarkably in the following year.

Export of Cycles; Parts Thereof, Saddles in Spain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	797	1,073	1,451	685	-4.9%
Italy	508	929	1,328	482	-1.7%
Germany	101	227	367	300	43.7%
Portugal	108	250	371	191	20.9%
United Kingdom	49.3	269	91.0	122	35.3%
Poland	37.7	45.9	107	98.2	37.6%
Netherlands	13.5	54.5	29.6	86.0	85.4%
Colombia	1.4	14.2	0.8	74.7	276.5%
Austria	6.9	30.4	39.3	37.9	76.4%
United States	22.0	63.6	69.3	24.6	3.8%
Thailand	125	1.6	3.0	0.4	-85.3%
Others	196	254	344	391	25.9%
Total	1,966	3,212	4,201	2,493	8.2%