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

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $19,195 per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 an increase of 26% against the previous year. As a result, the export price attained the peak level of $23,061 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($27,682 per ton), while the average price for exports to Serbia ($6,221 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 the Netherlands (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Italy (CIF) - 2023

In November 2023, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $35,294 per ton, waning by -6.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 75% against the previous month. The import price peaked at $38,262 per ton in September 2023; however, from October 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($271K per ton), while the price for the UK ($2,061 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 2K tons of cycles; parts thereof, wheel rims and spokeses were exported from Italy; picking up by 13% against the previous year. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +46.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses expanded notably to $38M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +47.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Export of Cycles; Parts Thereof, Wheel Rims and Spokes in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	7.0	6.8	8.9	11.5	18.0%
Austria	7.8	7.4	10.0	11.1	12.5%
Germany	7.1	6.6	7.8	8.9	7.8%
Netherlands	0.4	0.3	0.8	1.4	51.8%
France	0.8	0.9	1.5	1.1	11.2%
Spain	0.7	1.2	1.2	0.9	8.7%
Hungary	0.5	0.6	0.6	0.7	11.9%
Poland	0.2	0.1	0.7	0.6	44.2%
Czech Republic	0.1	0.1	0.2	0.3	44.2%
Serbia	0.1	0.1	0.3	0.2	26.0%
Others	2.1	1.8	1.7	1.6	-8.7%
Total	27.0	26.0	33.8	38.4	12.5%

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

Germany (561.4 tons)
Austria (499.9 tons)
Romania (453.2 tons)
Hungary (88.7 tons)
Poland (76.8 tons)
Spain (69.8 tons)
Netherlands (50.5 tons)
France (42.6 tons)
Serbia (37.0 tons)
Czech Republic (36.5 tons)

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

In 2022, after three years of growth, there was significant decline in purchases abroad of cycles; parts thereof, wheel rims and spokeses, when their volume decreased by -8.1% to 1.7K tons. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% 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 +57.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports reached the peak of 1.8K tons, and then dropped in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $25M in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.9	6.9	11.6	10.3	28.1%
Germany	0.6	N/A	0.3	3.6	81.7%
Taiwan (Chinese)	1.6	0.8	2.2	3.3	27.3%
France	0.6	0.4	0.7	1.4	32.6%
Belgium	N/A	0.1	0.2	0.8	182.8%
Netherlands	0.1	0.1	0.2	0.6	81.7%
Vietnam	0.1	0.2	0.3	0.4	58.7%
Others	2.2	2.3	2.4	4.3	25.0%
Total	10.1	10.7	17.7	24.7	34.7%