Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Egypt - 2022
Contents:
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Egypt (CIF) - 2022
- Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Egypt
Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Egypt (CIF) - 2022
The average import price for cycles; parts thereof, wheel rims and spokeses stood at $2,192 per ton in 2022, picking up by 43% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cycles; parts thereof, wheel rims and spokeses increased by +50.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 59%. The import price peaked at $2,627 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,469 per ton), while the price for China ($1,242 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Egypt
In 2022, supplies from abroad of cycles; parts thereof, wheel rims and spokeses decreased by -68.9% to 54 tons, falling for the second year in a row after two years of growth. In general, imports recorded a significant decrease. The pace of growth appeared the most rapid in 2020 with an increase of 2.5% against the previous year. As a result, imports attained the peak of 193 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cycles; parts thereof, wheel rims and spokeses contracted rapidly to $118K in 2022. Over the period under review, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 5.3% against the previous year. As a result, imports attained the peak of $288K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 114 | 127 | 90.6 | 46.6 | -25.8% |
| Indonesia | 13.8 | 15.3 | 14.3 | 40.2 | 42.8% |
| Germany | 0.1 | 3.3 | 0.5 | 12.8 | 404.0% |
| India | 10.7 | 4.3 | 10.6 | 9.0 | -5.6% |
| Taiwan (Chinese) | 9.7 | 3.1 | 23.5 | 8.8 | -3.2% |
| Malaysia | 16.8 | 15.8 | 13.7 | N/A | -9.7% |
| Saudi Arabia | 88.6 | 114 | 98.8 | N/A | 5.6% |
| Others | 19.3 | 4.5 | 13.5 | 0.5 | -70.4% |
| Total | 273 | 288 | 265 | 118 | -24.4% |
Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Egypt in 2022:
- China (37.5 tons)
- Indonesia (7.5 tons)
- India (4.6 tons)
- Germany (2.3 tons)
- Taiwan (Chinese) (1.6 tons)
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