Argentina: Bicycle Market 2024

Bicycle Market Size in Argentina

The Argentinian bicycle market declined to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Bicycle consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Bicycle Production in Argentina

In value terms, bicycle production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Bicycle Exports

Exports from Argentina

Bicycle exports from Argentina dropped to X units in 2022, with a decrease of X% on the year before. Overall, exports, however, showed noticeable growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, bicycle exports dropped dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Mozambique (X units), Uruguay (X units) and Paraguay (X units) were the main destinations of bicycle exports from Argentina, together accounting for X% of total exports. Guatemala, the United States, Chile, Costa Rica and Israel lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bicycle exported from Argentina were Paraguay ($X), Uruguay ($X) and Guatemala ($X), with a combined X% share of total exports.

Among the main countries of destination, Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bicycle export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Argentina

In 2022, overseas purchases of bicycles and other cycles decreased by X% to X units, falling for the third year in a row after five years of growth. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, bicycle imports fell slightly to $X in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main bicycle supplier to Argentina, accounting for a X% share of total imports. Moreover, bicycle imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2015 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of bicycles and other cycles to Argentina, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2015 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

The average bicycle import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per unit), while the price for China stood at $X per unit.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%).

Source: IndexBox Platform

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