Price for Cycles; Parts Thereof, Saddles in the United States - 2023

Contents:

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

Price for Cycles; Parts Thereof, Saddles in the United States (CIF) - 2023

In August 2023, the average cycles; parts thereof, saddles import price amounted to $10.4 per unit, which is down by -19.4% against the previous month. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in April 2023 an increase of 33% m-o-m. The import price peaked at $18.4 per unit in October 2022; however, from November 2022 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($15.1 per unit), while the price for Vietnam ($6.3 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (-0.3%), while the prices for the other major suppliers experienced a decline.

Price for Cycles; Parts Thereof, Saddles in the United States (FOB) - 2022

The average cycles; parts thereof, saddles export price stood at $31 per unit in 2022, rising by 6.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 14% against the previous year. The export price peaked at $34 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($44 per unit), while the average price for exports to Chile ($8.6 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 Japan (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in the United States

After three years of growth, purchases abroad of cycles; parts thereof, saddleses decreased by -27.6% to 3.1M units in 2022. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of 4.3M units, and then reduced markedly in the following year.

In value terms, cycles; parts thereof, saddles imports shrank to $42M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, imports reached the peak of $44M, and then shrank modestly in the following year.

Top Suppliers of Cycles; Parts Thereof, Saddles to the United States in 2022:

1. Taiwan (Chinese) (1607.3K units)
2. China (684.4K units)
3. Italy (588.0K units)
4. Vietnam (154.2K units)
5. Romania (48.4K units)

Exports of Cycles; Parts Thereof, Saddles in the United States

In 2022, overseas shipments of cycles; parts thereof, saddleses decreased by -13.3% to 132K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. The exports peaked at 153K units in 2021, and then shrank in the following year.

In value terms, cycles; parts thereof, saddles exports contracted to $4.2M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports reached the maximum at $4.5M in 2021, and then dropped in the following year.

Top Export Markets for Cycles; Parts Thereof, Saddles from the United States in 2022:

1. Canada (77.4K units)
2. Mexico (10.4K units)
3. Chile (8.3K units)
4. Australia (4.9K units)
5. Thailand (4.1K units)
6. Hong Kong SAR (4.0K units)
7. Brazil (3.5K units)
8. Japan (2.6K units)
9. Saudi Arabia (1.4K units)
10. United Kingdom (0.8K units)
11. Netherlands (0.2K units)

Source: IndexBox Market Intelligence Platform