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

Contents:

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

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

The average import price for cycles; parts thereof, wheel rims and spokeses stood at $7,790 per ton in 2022, declining by -10.5% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $12,732 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($7,786 per ton) and Belgium ($7,663 per ton), while the price for France ($7,365 per ton) and Spain ($7,452 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $8,393 per ton, with a decrease of -6.2% against the previous year. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 11%. The export price peaked at $9,978 per ton in 2013; however, from 2014 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 the UK ($28,808 per ton), while the average price for exports to France ($7,165 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 UK (+14.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 40 tons of cycles; parts thereof, wheel rims and spokeses were imported into Luxembourg; falling by -67.3% compared with 2021 figures. Over the period under review, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 when imports increased by 265% against the previous year. As a result, imports reached the peak of 124 tons, and then fell notably in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses dropped sharply to $314K in 2022. Overall, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 277% against the previous year. As a result, imports attained the peak of $1.1M, and then reduced sharply in the following year.

Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain8.25.32.481.2114.7%
France59628.261774.2-50.1%
Belgium20.936.362.957.740.3%
Germany73.610934651.1-11.5%
Netherlands21.127.625.629.211.4%
China1540.113.810.7-58.9%
SwedenN/A66.3N/AN/A0%
Others73.912.47.410.2-48.3%
Total9482851,075314-30.8%

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

  1. Spain (10.9 tons)
  2. France (10.1 tons)
  3. Belgium (7.5 tons)
  4. Germany (6.6 tons)
  5. Netherlands (3.9 tons)
  6. China (0.2 tons)

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

In 2022, approx. 9.1 tons of cycles; parts thereof, wheel rims and spokeses were exported from Luxembourg; increasing by 1,705% on 2021 figures. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses surged to $76K in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cycles; Parts Thereof, Wheel Rims and Spokes in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium9.315.24.351.376.7%
United KingdomN/AN/AN/A12.90%
France6.210.5N/A8.511.1%
Germany2.20.20.12.99.6%
Others0.20.10.10.751.8%
Total17.826.04.576.262.4%

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

  1. Belgium (7.0 tons)
  2. France (1.2 tons)
  3. United Kingdom (0.4 tons)
  4. Germany (0.4 tons)

Source: IndexBox Market Intelligence Platform

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