Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Pakistan - 2022

Contents:

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

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $1,121 per ton, waning by -3.9% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. The import price peaked at $4,333 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -12.1% per year.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $1,164 per ton in 2022, reducing by -60.7% against the previous year. Overall, the export price showed a deep reduction. The growth pace was the most rapid in 2016 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,223 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bangladesh.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +18.9% per year.

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

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses imported into Pakistan soared to 415 tons, growing by 33% compared with 2021. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 86% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $465K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +59.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (414.4 tons)

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

In 2022, exports of cycles; parts thereof, wheel rims and spokeses from Pakistan skyrocketed to 1 tons, increasing by 153% compared with the previous year. Over the period under review, exports saw 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 dropped to $1.2K in 2022. Overall, exports, however, saw a relatively flat trend pattern.

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

1. Bangladesh (1.0 tons)

Source: IndexBox Market Intelligence Platform