Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Italy - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Italy (CIF) - 2023
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Italy (FOB) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Italy
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Italy
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Italy (CIF) - 2023
The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $40,356 per ton in November 2023, growing by 29% against the previous month. Overall, import price indicated a tangible expansion from November 2022 to November 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for cycles; parts, pedals and crank-gear, and parts thereoves increased by +28.8% against October 2023 indices. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 31% month-to-month. The import price peaked in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Romania ($251K per ton), while the price for China ($4,736 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+20.4%), 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 Italy (FOB) - 2022
In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $55,548 per ton, declining by -9.2% against the previous year. Overall, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 41%. Over the period under review, the average export prices reached the maximum at $83,587 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 the UK ($238,714 per ton), while the average price for exports to Portugal ($4,721 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 Poland (+11.7%), 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 Italy
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 -25.8% to 4.9K tons. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% 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 +37.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. As a result, imports attained the peak of 6.7K tons, and then declined sharply in the following year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves amounted to $64M in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 88%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 8.7 | 9.1 | 14.0 | 18.8 | 29.3% |
| China | 5.4 | 7.1 | 15.1 | 11.8 | 29.8% |
| France | 2.2 | 2.1 | 9.8 | 9.6 | 63.4% |
| Germany | 1.5 | 1.4 | 2.0 | 2.5 | 18.6% |
| India | 1.3 | 1.5 | 2.7 | 2.0 | 15.4% |
| Portugal | 1.3 | 0.8 | 1.4 | 1.4 | 2.5% |
| Philippines | 0.1 | 0.3 | 0.3 | 0.8 | 100.0% |
| Indonesia | 0.6 | 0.6 | 0.9 | 0.8 | 10.1% |
| Others | 11.6 | 9.6 | 14.9 | 16.8 | 13.1% |
| Total | 32.7 | 32.4 | 61.1 | 64.4 | 25.3% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Italy in 2022:
- China (2659.0 tons)
- India (600.1 tons)
- Taiwan (Chinese) (447.2 tons)
- France (401.6 tons)
- Germany (304.8 tons)
- Indonesia (137.0 tons)
- Philippines (96.5 tons)
- Portugal (75.4 tons)
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Italy
After three years of growth, shipments abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -16.6% to 736 tons in 2022. In general, exports continue to indicate a mild reduction. The growth pace was the most rapid in 2020 when exports increased by 6.8% against the previous year.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves declined markedly to $41M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 46% against the previous year.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.3 | 7.2 | 7.4 | 6.4 | 6.5% |
| Romania | 3.1 | 3.2 | 6.7 | 5.6 | 21.8% |
| Spain | 2.5 | 4.1 | 4.8 | 4.7 | 23.4% |
| United Kingdom | 2.1 | 3.8 | 5.3 | 4.4 | 28.0% |
| France | 2.5 | 4.5 | 6.0 | 3.2 | 8.6% |
| United States | 3.2 | 3.1 | 4.7 | 2.3 | -10.4% |
| Poland | 0.4 | 0.6 | 1.3 | 1.4 | 51.8% |
| Portugal | 1.0 | 0.7 | 0.8 | 0.6 | -15.7% |
| Hungary | 0.4 | 0.4 | 0.7 | 0.4 | 0.0% |
| Others | 5.8 | 10.8 | 16.4 | 12.0 | 27.4% |
| Total | 26.2 | 38.2 | 54.0 | 40.9 | 16.0% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Italy in 2022:
- Germany (223.9 tons)
- Portugal (128.8 tons)
- Romania (105.3 tons)
- Spain (91.1 tons)
- Poland (34.9 tons)
- Hungary (26.5 tons)
- France (23.1 tons)
- United Kingdom (18.4 tons)
- United States (10.4 tons)
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