Price for Cycles; Parts Thereof, Saddles in Hong Kong SAR - 2023
Contents:
- Price for Cycles; Parts Thereof, Saddles in Hong Kong SAR (CIF) - 2022
- Price for Cycles; Parts Thereof, Saddles in Hong Kong SAR (FOB) - 2022
- Imports of Cycles; Parts Thereof, Saddles in Hong Kong SAR
- Exports of Cycles; Parts Thereof, Saddles in Hong Kong SAR
Price for Cycles; Parts Thereof, Saddles in Hong Kong SAR (CIF) - 2022
In 2022, the average cycles; parts thereof, saddles import price amounted to $8 per unit, rising by 52% against the previous year. Overall, the import price saw a resilient increase. 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 Italy ($37 per unit), while the price for China ($4.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cycles; Parts Thereof, Saddles in Hong Kong SAR (FOB) - 2022
The average cycles; parts thereof, saddles export price stood at $5.5 per unit in 2022, growing by 10% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cycles; parts thereof, saddles export price increased by +27.6% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 85%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($12 per unit), while the average price for exports to the Philippines ($3.3 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 Taiwan (Chinese) (+52.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles; Parts Thereof, Saddles in Hong Kong SAR
In 2022, overseas purchases of cycles; parts thereof, saddleses decreased by -88% to 121K units for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a significant contraction. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure at 1M units in 2021, and then fell sharply in the following year.
In value terms, cycles; parts thereof, saddles imports dropped notably to $968K in 2022. Over the period under review, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Over the period under review, imports attained the maximum at $5.3M in 2021, and then contracted markedly in the following year.
| Import of Cycles; Parts Thereof, Saddles in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,393 | 4,131 | 4,666 | 476 | -48.0% |
| Italy | 213 | 218 | 330 | 389 | 22.2% |
| Taiwan (Chinese) | 89.0 | 68.7 | 191 | 75.0 | -5.5% |
| Vietnam | 20.3 | 56.6 | 44.6 | 3.4 | -44.9% |
| Others | 59.4 | 121 | 65.1 | 25.0 | -25.1% |
| Total | 3,775 | 4,595 | 5,296 | 968 | -36.5% |
Top Suppliers of Cycles; Parts Thereof, Saddles to Hong Kong SAR in 2022:
- China (106.0K units)
- Italy (10.6K units)
- Taiwan (Chinese) (3.0K units)
- Vietnam (1.1K units)
Exports of Cycles; Parts Thereof, Saddles in Hong Kong SAR
In 2022, overseas shipments of cycles; parts thereof, saddleses decreased by -88.3% to 105K units, falling for the second consecutive year after two years of growth. Overall, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 57%. As a result, the exports attained the peak of 910K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cycles; parts thereof, saddles exports fell dramatically to $581K in 2022. Over the period under review, exports faced a significant decline. The growth pace was the most rapid in 2020 with an increase of 63%. Over the period under review, the exports hit record highs at $4.5M in 2021, and then fell significantly in the following year.
| Export of Cycles; Parts Thereof, Saddles in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,925 | 3,696 | 3,704 | 402 | -40.7% |
| Thailand | 187 | 294 | 477 | 87.3 | -22.4% |
| China | 123 | 9.2 | 121 | 29.6 | -37.8% |
| Philippines | 1.0 | 4.7 | 5.4 | 5.9 | 80.7% |
| Others | 267 | 71.8 | 216 | 57.0 | -40.2% |
| Total | 2,504 | 4,076 | 4,524 | 581 | -38.6% |
Top Export Markets for Cycles; Parts Thereof, Saddles from Hong Kong SAR in 2022:
- Vietnam (80.6K units)
- Thailand (17.1K units)
- China (2.5K units)
- Philippines (1.8K units)
370
Global Bicycle Frames And Forks Market Report 2018. This report provides an in-depth analysis of the global market for bicycle frames and forks.
370
Global Bicycle Frames And Forks Market Report 2018. This report provides an in-depth analysis of the global market for bicycle frames and forks.
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