Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bulgaria - 2023

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bulgaria (CIF) - 2022
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bulgaria (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Bulgaria
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Bulgaria

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bulgaria (CIF) - 2022

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $10,110 per ton, picking up by 28% against the previous year. Over the period under review, the import price recorded a prominent expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($12,661 per ton), while the price for Belgium ($4,268 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Bulgaria (FOB) - 2022

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $5,865 per ton, declining by -37.3% against the previous year. In general, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2016 an increase of 47% against the previous year. The export price peaked at $9,351 per ton in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($17,677 per ton), while the average price for exports to Italy ($2,159 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Bulgaria

In 2022, imports of cycles; parts thereof, wheel rims and spokeses into Bulgaria expanded sharply to 1.6K tons, with an increase of 14% on the previous year. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 91%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses surged to $16M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 132% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Bulgaria in 2022:

1. Germany (312.2 tons)
2. Taiwan (Chinese) (291.5 tons)
3. China (269.2 tons)
4. France (198.8 tons)
5. Czech Republic (154.4 tons)
6. Belgium (150.3 tons)
7. Hungary (71.3 tons)
8. Netherlands (51.1 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Bulgaria

For the third year in a row, Bulgaria recorded decline in overseas shipments of cycles; parts thereof, wheel rims and spokeses, which decreased by -55.5% to 133 tons in 2022. Over the period under review, exports recorded a dramatic decline. The smallest decline of -41.1% was in 2021.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses shrank significantly to $780K in 2022. In general, exports faced a sharp shrinkage. The smallest decline of -39.5% was in 2021.

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Bulgaria in 2022:

1. France (114.9 tons)
2. Italy (6.6 tons)
3. Germany (4.7 tons)
4. Netherlands (3.4 tons)
5. Romania (2.2 tons)

Source: IndexBox Market Intelligence Platform