Price for Cycles; Parts Thereof, Saddles in Italy - 2023

Price for Cycles; Parts Thereof, Saddles in Italy (FOB) - 2022

The average cycles; parts thereof, saddles export price stood at $7.7 per unit in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.2%. The pace of growth appeared the most rapid in 2013 an increase of 24%. Over the period under review, the average export prices hit record highs at $7.7 per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($10 per unit), while the average price for exports to Portugal ($1.4 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 Czech Republic (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Saddles in Italy (CIF) - 2023

The average cycles; parts thereof, saddles import price stood at $16.3 per unit in July 2023, waning by -24.3% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 38% month-to-month. The import price peaked at $24.4 per unit in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Taiwan (Chinese) ($75.2 per unit), while the price for China ($4.7 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cycles; Parts Thereof, Saddles in Italy

After three years of growth, overseas shipments of cycles; parts thereof, saddleses decreased by -6.5% to 18M units in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.9% 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 +59.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. Over the period under review, the exports attained the peak figure at 19M units in 2021, and then shrank in the following year.

In value terms, cycles; parts thereof, saddles exports dropped to $134M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +63.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $145M, and then fell in the following year.

Export of Cycles; Parts Thereof, Saddles in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	19.3	22.5	32.2	27.3	12.3%
Netherlands	10.2	12.4	16.4	17.2	19.0%
United States	5.3	9.2	15.1	13.3	35.9%
France	7.5	8.1	11.9	10.5	11.9%
Romania	2.9	4.1	8.0	7.0	34.1%
Spain	3.2	3.9	5.6	5.3	18.3%
Czech Republic	2.4	2.4	4.4	4.0	18.6%
Austria	2.6	2.6	4.4	3.7	12.5%
Poland	2.9	2.8	3.5	3.6	7.5%
Belgium	2.2	2.7	4.0	3.5	16.7%
Bulgaria	2.0	1.7	2.7	3.4	19.3%
Portugal	1.2	1.3	1.8	2.5	27.7%
Hungary	0.8	1.1	1.7	1.4	20.5%
Others	19.6	22.5	33.1	31.2	16.8%
Total	82.2	97.2	145	134	17.7%

Top Export Markets for Cycles; Parts Thereof, Saddles from Italy in 2022:

Germany (2.8M units)
Netherlands (2.1M units)
Romania (1.7M units)
Portugal (1.7M units)
France (1.5M units)
United States (1.4M units)
Czech Republic (0.7M units)
Poland (0.6M units)
Bulgaria (0.6M units)
Spain (0.5M units)
Austria (0.4M units)
Belgium (0.4M units)
Hungary (0.4M units)

Imports of Cycles; Parts Thereof, Saddles in Italy

In 2022, purchases abroad of cycles; parts thereof, saddleses decreased by -12.2% to 5.4M units for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.1% 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 +48.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of 6.2M units, and then shrank in the following year.

In value terms, cycles; parts thereof, saddles imports rose markedly to $38M in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 85%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Cycles; Parts Thereof, Saddles in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	5.2	5.8	12.6	14.1	39.4%
United Kingdom	3.6	3.9	5.3	4.7	9.3%
Vietnam	2.7	2.8	4.5	4.3	16.8%
Taiwan (Chinese)	1.7	1.9	2.8	3.9	31.9%
China	1.3	1.9	4.4	2.7	27.6%
Spain	0.3	0.1	0.1	1.5	71.0%
France	0.6	0.6	0.7	0.6	0.0%
India	0.2	0.2	0.9	0.5	35.7%
Others	1.2	0.8	2.2	5.3	64.1%
Total	16.8	18.1	33.5	37.6	30.8%