Bicycle Tire Price in Brazil - 2023
Contents:
- Bicycle Tire Price in Brazil (CIF) - 2023
- Bicycle Tire Price in Brazil (FOB) - 2022
- Bicycle Tire Imports in Brazil
- Bicycle Tire Exports in Brazil
Bicycle Tire Price in Brazil (CIF) - 2023
The average bicycle tire import price stood at $2.5 per unit in October 2023, dropping by -7.1% against the previous month. Over the period under review, the import price saw a mild decrease. The most prominent rate of growth was recorded in March 2023 an increase of 22% m-o-m. The import price peaked at $3.4 per unit in November 2022; however, from December 2022 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($34.0 per unit), while the price for Pakistan ($1.6 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Thailand (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Bicycle Tire Price in Brazil (FOB) - 2022
The average bicycle tire export price stood at $3.1 per unit in 2022, waning by -11.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the maximum at $4.7 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($4.1 per unit), while the average price for exports to Uruguay ($3.1 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 Paraguay (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Bicycle Tire Imports in Brazil
In 2022, bicycle tire imports into Brazil shrank significantly to 9.5M units, with a decrease of -40.2% compared with the year before. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of 16M units, and then shrank markedly in the following year.
In value terms, bicycle tire imports contracted sharply to $32M in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 100% against the previous year. As a result, imports reached the peak of $45M, and then shrank remarkably in the following year.
| Import of Bicycle Tire in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.0 | 6.7 | 18.0 | 11.1 | 11.5% |
| Indonesia | 8.3 | 6.9 | 10.0 | 6.8 | -6.4% |
| Sri Lanka | 3.4 | 3.4 | 7.0 | 5.1 | 14.5% |
| Thailand | 3.5 | 3.0 | 5.3 | 4.7 | 10.3% |
| Pakistan | 1.1 | 1.0 | 2.4 | 2.1 | 24.1% |
| Taiwan (Chinese) | 1.5 | 0.7 | 1.7 | 2.0 | 10.1% |
| Others | 1.0 | 0.6 | 0.3 | 0.7 | -11.2% |
| Total | 26.8 | 22.4 | 44.6 | 32.4 | 6.5% |
Top Suppliers of Bicycle Tire to Brazil in 2022:
- China (3.5M units)
- Indonesia (2.2M units)
- Sri Lanka (1.6M units)
- Thailand (1.0M units)
- Pakistan (0.8M units)
- Taiwan (Chinese) (0.2M units)
Bicycle Tire Exports in Brazil
For the third consecutive year, Brazil recorded decline in shipments abroad of new pneumatic tyres for bicycles, which decreased by -71.7% to 40K units in 2022. In general, exports faced a dramatic contraction. The smallest decline of -5.2% was in 2021. Over the period under review, the exports reached the peak figure at 177K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, bicycle tire exports dropped dramatically to $127K in 2022. Overall, exports faced a sharp slump. The growth pace was the most rapid in 2021 with an increase of 5.7%. Over the period under review, the exports reached the maximum at $570K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Bicycle Tire in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 26.5 | N/A | 93.2 | 60.2 | 31.5% |
| Argentina | 536 | 464 | 384 | 60.2 | -51.8% |
| Paraguay | 6.5 | 12.9 | 30.0 | 1.0 | -46.4% |
| Others | 1.1 | 5.0 | 2.9 | 5.6 | 72.0% |
| Total | 570 | 482 | 510 | 127 | -39.4% |
Top Export Markets for Bicycle Tire from Brazil in 2022:
- Argentina (19.5K units)
- Uruguay (19.5K units)
- Paraguay (0.2K units)
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