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

Contents:

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

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $5,251 per ton, declining by -22.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 20%. The import price peaked at $6,776 per ton in 2021, and then fell markedly in the following year.

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 ($18,368 per ton), while the price for Belgium ($1,868 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $3,073 per ton in 2022, declining by -40.8% against the previous year. Overall, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 3,300%. As a result, the export price reached the peak level of $21,490 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($8,348 per ton), while the average price for exports to Italy ($1,998 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 Ghana (+116.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after three years of growth, there was decline in purchases abroad of cycles; parts thereof, wheel rims and spokeses, when their volume decreased by -3.5% to 252 tons. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% 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 +65.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses contracted sharply to $1.3M in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of $1.8M, and then dropped significantly in the following year.

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

1. Germany (96.8 tons)
2. China (53.2 tons)
3. Netherlands (32.5 tons)
4. Thailand (18.2 tons)
5. Spain (12.0 tons)
6. Taiwan (Chinese) (9.1 tons)
7. Belgium (8.7 tons)
8. Italy (7.3 tons)
9. France (4.4 tons)

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

For the fourth consecutive year, Greece recorded growth in shipments abroad of cycles; parts thereof, wheel rims and spokeses, which increased by 182% to 77 tons in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 433% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses surged to $237K in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 272%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

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

1. Italy (31.1 tons)
2. Turkey (18.2 tons)
3. Netherlands (11.2 tons)
4. Poland (7.0 tons)
5. Bulgaria (3.9 tons)
6. Cyprus (2.8 tons)
7. North Macedonia (2.5 tons)

Source: IndexBox Market Intelligence Platform