Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Norway - 2024

Contents:

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

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $15,875 per ton, picking up by 33% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 decreased by -20.6% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 75% against the previous year. As a result, import price attained the peak level of $20,002 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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 the UK ($48,359 per ton), while the price for Finland ($5,032 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $15,732 per ton, jumping by 73% against the previous year. Overall, the export price, however, showed a slight reduction. The growth pace was the most rapid in 2018 when the average export price increased by 223%. Over the period under review, the average export prices reached the maximum at $47,301 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($38,870 per ton), while the average price for exports to Gambia ($520 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 Finland (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 298 tons of cycles; parts thereof, wheel rims and spokeses were imported into Norway; surging by 8.4% compared with the previous year's figure. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 590% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses surged to $4.7M in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 312% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. China (92.3 tons)
2. Italy (64.4 tons)
3. Taiwan (Chinese) (61.3 tons)
4. France (26.6 tons)
5. Germany (20.4 tons)
6. Finland (13.4 tons)
7. Spain (5.8 tons)
8. Denmark (2.6 tons)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of cycles; parts thereof, wheel rims and spokeses, when their volume increased by 13% to 9.8 tons. In general, exports, however, recorded a deep setback.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $155K in 2022. Overall, exports enjoyed a prominent 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 Norway in 2022:

1. Sweden (6.5 tons)
2. Germany (1.8 tons)
3. Gambia (0.6 tons)
4. Netherlands (0.4 tons)
5. Poland (0.3 tons)
6. United Arab Emirates (0.2 tons)

Source: IndexBox Market Intelligence Platform