Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Canada - 2022

Contents:

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

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

The average import price for cycles; parts thereof, wheel rims and spokeses stood at $5,259 per ton in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2014 an increase of 27%. The import price peaked at $5,553 per ton in 2015; however, from 2016 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 the United States ($22,334 per ton), while the price for India ($1,825 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $58,054 per ton in 2022, surging by 89% against the previous year. Over the period under review, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 154%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($214,559 per ton), while the average price for exports to Trinidad and Tobago ($1,485 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 United States Minor Outlying Islands (+64.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 1.3K tons of cycles; parts thereof, wheel rims and spokeses were imported into Canada; increasing by 2.8% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses surged to $6.7M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Taiwan (Chinese) (821.5 tons)
2. China (294.7 tons)
3. United States (76.9 tons)
4. India (26.9 tons)

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

After three years of growth, shipments abroad of cycles; parts thereof, wheel rims and spokeses decreased by -66.8% to 29 tons in 2022. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 172% against the previous year.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses declined significantly to $1.7M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 277%.

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

1. Mexico (7.2 tons)
2. United States (6.0 tons)
3. New Zealand (5.8 tons)
4. Singapore (1.9 tons)
5. Australia (1.4 tons)
6. Trinidad and Tobago (1.3 tons)
7. Costa Rica (1.1 tons)
8. El Salvador (1.0 tons)
9. United Kingdom (0.9 tons)
10. Germany (0.5 tons)
11. China (0.4 tons)

Source: IndexBox Market Intelligence Platform