Bicycle Tire Price in Nepal - 2022
Contents:
Bicycle Tire Price in Nepal (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $2 per unit, with an increase of 7.2% against the previous year. Overall, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the maximum at $2.5 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.5% per year.
Bicycle Tire Imports in Nepal
In 2022, purchases abroad of new pneumatic tyres for bicycles decreased by -42.2% to 602K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of 1M units, and then fell remarkably in the following year.
In value terms, bicycle tire imports contracted dramatically to $1.2M in 2022. In general, imports showed a mild curtailment. The growth pace was the most rapid in 2021 when imports increased by 50%. As a result, imports reached the peak of $1.9M, and then declined significantly in the following year.
| Import of Bicycle Tire in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.1 | 1.2 | 1.8 | 1.2 | 2.9% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 1.3 | 1.3 | 1.9 | 1.2 | -2.6% |
Top Suppliers of Bicycle Tire to Nepal in 2022:
- India (593.7K units)
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