Price for Cycles; Parts Thereof, Saddles in the UK - 2023
Contents:
- Price for Cycles; Parts Thereof, Saddles in the UK (CIF) - 2022
- Price for Cycles; Parts Thereof, Saddles in the UK (FOB) - 2022
- Imports of Cycles; Parts Thereof, Saddles in the UK
- Exports of Cycles; Parts Thereof, Saddles in the UK
Price for Cycles; Parts Thereof, Saddles in the UK (CIF) - 2022
In 2022, the average cycles; parts thereof, saddles import price amounted to $8.7 per unit, with an increase of 24% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. Over the period under review, average import prices hit record highs at $13 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($13 per unit), while the price for China ($2.2 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) (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Cycles; Parts Thereof, Saddles in the UK (FOB) - 2022
In 2022, the average cycles; parts thereof, saddles export price amounted to $30 per unit, picking up by 48% against the previous year. Over the period under review, the export price posted a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($34 per unit), while the average price for exports to China ($2.8 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 Ireland (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles; Parts Thereof, Saddles in the UK
In 2022, after three years of growth, there was significant decline in supplies from abroad of cycles; parts thereof, saddleses, when their volume decreased by -9.5% to 1.4M units. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 58% against the previous year. Over the period under review, imports attained the peak figure at 1.6M units in 2021, and then dropped in the following year.
In value terms, cycles; parts thereof, saddles imports expanded significantly to $12M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% 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 +75.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 53%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Cycles; Parts Thereof, Saddles in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1.8 | 2.1 | 2.1 | 5.5 | 45.1% |
| Italy | 2.7 | 4.7 | 6.4 | 5.1 | 23.6% |
| China | 0.4 | 0.9 | 1.3 | 1.1 | 40.1% |
| Vietnam | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Netherlands | 0.6 | 0.3 | 0.1 | 0.1 | -45.0% |
| Germany | 0.5 | 0.5 | 0.2 | 0.1 | -41.5% |
| France | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Luxembourg | 0.3 | 1.0 | N/A | N/A | 233.3% |
| Others | 0.5 | 1.0 | 0.5 | 0.4 | -7.2% |
| Total | 7.1 | 10.8 | 11.0 | 12.4 | 20.4% |
Top Suppliers of Cycles; Parts Thereof, Saddles to the UK in 2022:
- China (508.9K units)
- Taiwan (Chinese) (433.7K units)
- Italy (399.7K units)
- Vietnam (41.0K units)
- Germany (12.8K units)
- Netherlands (5.2K units)
- France (0.1K units)
Exports of Cycles; Parts Thereof, Saddles in the UK
For the third year in a row, the UK recorded decline in shipments abroad of cycles; parts thereof, saddleses, which decreased by -37.3% to 190K units in 2022. Overall, exports faced a sharp shrinkage. The smallest decline of -4.8% was in 2020. Over the period under review, the exports attained the peak figure at 399K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, cycles; parts thereof, saddles exports fell to $5.7M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 28%. As a result, the exports reached the peak of $7M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cycles; Parts Thereof, Saddles in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3,345 | 4,266 | 5,302 | 4,856 | 13.2% |
| Netherlands | 103 | 209 | 396 | 338 | 48.6% |
| France | 310 | 294 | 55.5 | 103 | -30.7% |
| United States | 4.7 | 26.0 | 70.1 | 101 | 178.0% |
| China | 1.1 | 4.0 | 17.3 | 68.4 | 296.2% |
| Ireland | 231 | 242 | 32.9 | 36.2 | -46.1% |
| Germany | 341 | 688 | 108 | 6.0 | -74.0% |
| Others | 1,101 | 1,226 | 231 | 239 | -39.9% |
| Total | 5,437 | 6,953 | 6,213 | 5,746 | 1.9% |
Top Export Markets for Cycles; Parts Thereof, Saddles from the UK in 2022:
- Italy (140.9K units)
- China (24.9K units)
- Netherlands (9.8K units)
- France (3.0K units)
- United States (2.9K units)
- Ireland (1.1K units)
- Germany (0.2K units)
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