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

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Lithuania (CIF) - 2023
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Lithuania (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Lithuania
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Lithuania

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

In November 2023, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $9,244 per ton, waning by -9.3% against the previous month. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in July 2023 an increase of 9.2% m-o-m. As a result, import price attained the peak level of $11,590 per ton. From August 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($16,584 per ton), while the price for China ($6,557 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 the Czech Republic (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $14,067 per ton, reducing by -4.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 129% against the previous year. Over the period under review, the average export prices hit record highs at $26,479 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($15,917 per ton), while the average price for exports to Kyrgyzstan ($2,114 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 Kyrgyzstan (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of cycles; parts thereof, wheel rims and spokeses into Lithuania rose modestly to 700 tons in 2022, with an increase of 3.5% on 2021. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses soared to $7.5M in 2022. In general, imports posted a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

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

1. Belgium (180.8 tons)
2. China (166.2 tons)
3. Netherlands (139.0 tons)
4. Portugal (74.1 tons)
5. Germany (57.8 tons)
6. France (45.2 tons)
7. Taiwan (Chinese) (19.1 tons)

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

Exports of cycles; parts thereof, wheel rims and spokeses from Lithuania skyrocketed to 21 tons in 2022, rising by 292% against the previous year's figure. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 519%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses surged to $299K in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Russia (15.3 tons)
2. Latvia (2.4 tons)
3. Kyrgyzstan (1.2 tons)
4. Belarus (1.2 tons)
5. Germany (0.4 tons)
6. Estonia (0.3 tons)
7. Netherlands (0.2 tons)

Source: IndexBox Market Intelligence Platform