Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Argentina - 2023

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Argentina (CIF) - 2022
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Argentina (FOB) - 2022
3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Argentina
4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Argentina

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Argentina (CIF) - 2022

In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $5,762 per ton, with an increase of 35% against the previous year. Overall, import price indicated a buoyant increase 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. Based on 2022 figures, import price for cycles; parts, pedals and crank-gear, and parts thereoves increased by +71.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Malaysia ($26,150 per ton), while the price for India ($2,266 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Argentina (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $20,607 per ton, shrinking by -67.8% against the previous year. In general, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 203% against the previous year. The export price peaked at $63,950 per ton in 2021, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($96,000 per ton), while the average price for exports to Colombia ($2,615 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 Canada (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Argentina

In 2022, after three years of growth, there was significant decline in overseas purchases of cycles; parts, pedals and crank-gear, and parts thereoves, when their volume decreased by -37.8% to 2.2K tons. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 102%. As a result, imports attained the peak of 3.6K tons, and then declined sharply in the following year.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves shrank rapidly to $13M in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 130%. As a result, imports attained the peak of $15M, and then shrank notably in the following year.

Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Argentina in 2022:

1. China (1755.9 tons)
2. Philippines (223.7 tons)
3. India (136.0 tons)
4. Malaysia (41.6 tons)
5. Brazil (29.2 tons)
6. Indonesia (21.0 tons)

Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Argentina

After three years of growth, shipments abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -56.4% to 61 kg in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,067%. As a result, the exports reached the peak of 140 kg, and then shrank notably in the following year.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves fell remarkably to $1.3K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,113% against the previous year. As a result, the exports attained the peak of $9K, and then dropped notably in the following year.

Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Argentina in 2022:

1. Colombia (39.0 kg)
2. France (10.0 kg)
3. Bolivia (4.0 kg)
4. Montenegro (3.0 kg)
5. Chile (2.0 kg)
6. Ecuador (2.0 kg)
7. Uruguay (1.0 kg)

Source: IndexBox Market Intelligence Platform