Bicycle Tire Price in Vietnam - 2022
Contents:
- Bicycle Tire Price in Vietnam (FOB) - 2022
- Bicycle Tire Price in Vietnam (CIF) - 2022
- Bicycle Tire Exports in Vietnam
- Bicycle Tire Imports in Vietnam
Bicycle Tire Price in Vietnam (FOB) - 2022
In 2022, the average bicycle tire export price amounted to $8.1 per unit, waning by -27.7% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 97%. The export price peaked at $12 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($8.6 per unit), while the average price for exports to Myanmar ($0.8 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 the Netherlands (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Tire Price in Vietnam (CIF) - 2022
The average bicycle tire import price stood at $7.6 per unit in 2022, jumping by 30% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($7.6 per unit) and Indonesia ($7.6 per unit), while the price for Thailand ($7.6 per unit) and Taiwan (Chinese) ($7.6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Exports in Vietnam
In 2022, exports of new pneumatic tyres for bicycles from Vietnam soared to 16M units, surging by 55% on 2021 figures. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 55%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, bicycle tire exports amounted to $132M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Bicycle Tire in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.1 | 15.6 | 24.5 | 33.2 | 33.0% |
| Netherlands | 25.3 | 20.6 | 24.5 | 31.4 | 7.5% |
| Cambodia | 8.2 | 9.2 | 9.7 | 12.3 | 14.5% |
| Taiwan (Chinese) | 5.8 | 6.1 | 8.9 | 8.8 | 14.9% |
| China | 1.2 | 2.9 | 5.7 | 4.4 | 54.2% |
| United States | 1.2 | 1.4 | 5.9 | 3.8 | 46.8% |
| Canada | 0.8 | 0.8 | 1.9 | 2.8 | 51.8% |
| Bulgaria | 1.9 | 1.9 | 2.4 | 2.8 | 13.8% |
| United Kingdom | 2.1 | 3.1 | 3.3 | 2.5 | 6.0% |
| Ghana | 1.3 | 1.9 | 2.4 | 1.9 | 13.5% |
| Italy | 2.1 | 3.2 | 2.3 | 1.7 | -6.8% |
| Myanmar | 0.1 | 0.1 | 0.1 | 0.9 | 108.0% |
| Others | 10.3 | 16.1 | 26.2 | 25.1 | 34.6% |
| Total | 74.4 | 82.9 | 118 | 132 | 21.1% |
Top Export Markets for Bicycle Tire from Vietnam in 2022:
- Germany (3.8M units)
- Netherlands (3.6M units)
- Cambodia (1.4M units)
- Myanmar (1.2M units)
- Taiwan (Chinese) (1.0M units)
- China (0.5M units)
- United States (0.4M units)
- Canada (0.3M units)
- United Kingdom (0.3M units)
- Bulgaria (0.3M units)
- Ghana (0.2M units)
- Italy (0.2M units)
Bicycle Tire Imports in Vietnam
For the fourth consecutive year, Vietnam recorded growth in supplies from abroad of new pneumatic tyres for bicycles, which increased by 38% to 1.6M units in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, bicycle tire imports surged to $12M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Bicycle Tire in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.6 | 1.1 | 1.2 | 3.8 | 85.0% |
| Taiwan (Chinese) | 0.4 | 0.9 | 1.9 | 3.1 | 97.9% |
| Indonesia | 0.9 | 1.1 | 1.6 | 2.5 | 40.6% |
| China | 1.5 | 1.1 | 2.0 | 2.5 | 18.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.4 | 4.2 | 6.7 | 11.9 | 51.8% |
Top Suppliers of Bicycle Tire to Vietnam in 2022:
- Thailand (499.5K units)
- Taiwan (Chinese) (406.1K units)
- Indonesia (332.5K units)
- China (330.8K units)
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