Bicycle Tire Price in Finland - 2023
Contents:
- Bicycle Tire Price in Finland (CIF) - 2022
- Bicycle Tire Price in Finland (FOB) - 2023
- Bicycle Tire Imports in Finland
- Bicycle Tire Exports in Finland
Bicycle Tire Price in Finland (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $15 per unit, surging by 19% against the previous year. Overall, the import price posted a buoyant expansion. The growth pace was the most rapid in 2019 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 India ($32 per unit), while the price for Vietnam ($3.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Finland (FOB) - 2023
In August 2023, the average bicycle tire export price amounted to $26.1 per unit, growing by 20% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $30.1 per unit in September 2022; however, from October 2022 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Iceland ($47.3 per unit), while the average price for exports to Sweden ($21.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Imports in Finland
In 2022, imports of new pneumatic tyres for bicycles into Finland expanded rapidly to 713K units, picking up by 6.8% compared with the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.8% 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 +69.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, bicycle tire imports skyrocketed to $10M in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Bicycle Tire in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,003 | 3,241 | 4,631 | 3,889 | 24.8% |
| Denmark | 9.5 | 214 | 778 | 1,741 | 468.0% |
| Sweden | 102 | 839 | 1,354 | 1,711 | 156.0% |
| China | 1,933 | 218 | 242 | 1,064 | -18.0% |
| Taiwan (Chinese) | 583 | 468 | 503 | 612 | 1.6% |
| Indonesia | 216 | 60.4 | 121 | 391 | 21.9% |
| Thailand | 86.9 | 93.4 | 161 | 331 | 56.2% |
| Czech Republic | 153 | 105 | 81.8 | 278 | 22.0% |
| Vietnam | 324 | 143 | 122 | 21.1 | -59.8% |
| Others | 295 | 203 | 273 | 431 | 13.5% |
| Total | 5,706 | 5,585 | 8,266 | 10,469 | 22.4% |
Top Suppliers of Bicycle Tire to Finland in 2022:
- Germany (222.0K units)
- China (106.6K units)
- Sweden (92.8K units)
- Denmark (76.7K units)
- Indonesia (70.3K units)
- Thailand (64.7K units)
- Czech Republic (29.0K units)
- Taiwan (Chinese) (21.8K units)
- Vietnam (6.1K units)
Bicycle Tire Exports in Finland
In 2022, bicycle tire exports from Finland skyrocketed to 187K units, surging by 25% compared with the year before. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 388% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, bicycle tire exports expanded sharply to $4.8M in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 538% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Bicycle Tire in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.5 | 911 | 3,150 | 3,428 | 813.3% |
| Norway | 190 | 726 | 959 | 841 | 64.2% |
| Germany | N/A | N/A | N/A | 324 | 0% |
| Estonia | 15.8 | 27.3 | 47.2 | 27.5 | 20.3% |
| Others | 55.9 | 36.8 | 129 | 221 | 58.1% |
| Total | 266 | 1,700 | 4,285 | 4,842 | 163.1% |
Top Export Markets for Bicycle Tire from Finland in 2022:
- Sweden (145.1K units)
- Norway (18.5K units)
- Germany (15.5K units)
- Estonia (2.4K units)
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