Price for Cycles; Parts Thereof, Wheel Rims and Spokes in the United States - 2023

Contents:

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

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

In December 2023, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $31,398 per ton, shrinking by -23.6% against the previous month. Overall, the import price showed a abrupt descent. The pace of growth was the most pronounced in November 2023 when the average import price increased by 80% against the previous month. Over the period under review, average import prices reached the peak figure at $69,240 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Belgium ($210K per ton), while the price for South Africa ($19,045 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $58,696 per ton, shrinking by -31.3% against the previous year. Overall, the export price, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2016 an increase of 263% against the previous year. The export price peaked at $87,023 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Portugal ($585,629 per ton), while the average price for exports to Panama ($8,068 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 Portugal (+53.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in the United States

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses imported into the United States shrank to 1.3K tons, which is down by -5.2% on the previous year. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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 +47.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, imports attained the peak of 1.4K tons, and then shrank in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses soared to $44M in 2022. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

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

1. Taiwan (Chinese) (568.8 tons)
2. China (540.4 tons)
3. Switzerland (101.6 tons)
4. Belgium (29.5 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in the United States

Exports of cycles; parts thereof, wheel rims and spokeses from the United States surged to 405 tons in 2022, picking up by 27% against 2021 figures. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses declined to $24M in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports reached the peak of $27M, and then shrank in the following year.

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

1. South Korea (138.8 tons)
2. Spain (40.0 tons)
3. Netherlands (27.3 tons)
4. Italy (24.0 tons)
5. Panama (21.9 tons)
6. Japan (21.7 tons)
7. Canada (12.2 tons)
8. Australia (12.2 tons)
9. Mexico (11.6 tons)
10. United Kingdom (10.7 tons)
11. Germany (8.6 tons)
12. Portugal (8.3 tons)
13. Taiwan (Chinese) (8.2 tons)

Source: IndexBox Market Intelligence Platform