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

Contents:

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

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $15,090 per ton, surging by 22% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2014 an increase of 32%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Portugal ($25,379 per ton), while the price for Belgium ($7,408 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $10,869 per ton in 2022, dropping by -9.9% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 78% against the previous year. As a result, the export price attained the peak level of $16,160 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($20,443 per ton), while the average price for exports to Portugal ($6,206 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 Italy (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses imported into Spain expanded remarkably to 990 tons, growing by 7.1% compared with the year before. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.4% 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 +70.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. 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 $15M in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 48%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

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

1. China (248.7 tons)
2. Taiwan (Chinese) (213.0 tons)
3. Belgium (149.7 tons)
4. Ireland (74.3 tons)
5. Portugal (69.2 tons)
6. Germany (67.7 tons)
7. France (61.5 tons)
8. Italy (51.1 tons)
9. Turkey (0.2 tons)

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

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses exported from Spain soared to 339 tons, with an increase of 117% on the year before. Over the period under review, 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.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $3.7M in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. France (112.5 tons)
2. Portugal (105.1 tons)
3. Belgium (24.1 tons)
4. United Arab Emirates (22.8 tons)
5. Italy (21.6 tons)
6. Germany (13.4 tons)
7. Netherlands (6.7 tons)
8. United Kingdom (2.9 tons)
9. United States (0.9 tons)
10. Turkey (0.8 tons)

Source: IndexBox Market Intelligence Platform