Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Uruguay - 2023
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Uruguay (CIF) - 2022
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Uruguay
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Uruguay (CIF) - 2022
In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $12,199 per ton, increasing by 43% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +61.2% against 2020 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 ($21,292 per ton), while the price for Brazil ($5,875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Uruguay
For the fourth consecutive year, Uruguay recorded growth in overseas purchases of cycles; parts, pedals and crank-gear, and parts thereoves, which increased by 8.4% to 29 tons in 2022. The total import volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves surged to $351K in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 47.1 | 43.9 | 61.6 | 162 | 50.9% |
| China | 24.3 | 31.4 | 69.4 | 67.4 | 40.5% |
| Indonesia | 13.3 | 12.7 | 11.0 | 21.0 | 16.4% |
| Malaysia | 29.8 | 25.1 | 23.6 | 14.7 | -21.0% |
| Singapore | 25.9 | 22.1 | 8.4 | 13.8 | -18.9% |
| India | 2.1 | 4.4 | 4.7 | N/A | 49.6% |
| Others | 27.5 | 29.0 | 47.9 | 72.5 | 38.1% |
| Total | 170 | 169 | 226 | 351 | 27.3% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Uruguay in 2022:
- Taiwan (Chinese) (15.1 tons)
- China (9.4 tons)
- Indonesia (1.4 tons)
- Singapore (1.1 tons)
- Malaysia (0.7 tons)
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