Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Belarus - 2022

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Belarus (CIF) - 2022

The average import price for cycles; parts thereof, wheel rims and spokeses stood at $3,164 per ton in 2022, jumping by 40% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 thereof, wheel rims and spokeses increased by +30.8% against 2019 indices. The import price peaked at $3,240 per ton in 2015; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($4,678 per ton), while the price for Taiwan (Chinese) ($2,428 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Belarus (FOB) - 2022

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $1,652 per ton, picking up by 54% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 83% against the previous year. Over the period under review, the average export prices hit record highs at $1,846 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +0.1% per year.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Belarus

After three years of growth, supplies from abroad of cycles; parts thereof, wheel rims and spokeses decreased by -55% to 193 tons in 2022. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports attained the peak of 430 tons, and then fell notably in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses declined sharply to $612K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of $968K, and then shrank markedly in the following year.

Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	531	484	819	516	-1.0%
India	5.4	6.5	70.1	44.2	101.5%
Taiwan (Chinese)	9.3	15.7	20.5	12.9	11.5%
Others	58.0	69.9	58.7	38.9	-12.5%
Total	604	576	968	612	0.4%

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Belarus in 2022:

China (175.4 tons)
India (9.4 tons)
Taiwan (Chinese) (5.3 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Belarus

In 2022, after three years of growth, there was significant decline in shipments abroad of cycles; parts thereof, wheel rims and spokeses, when their volume decreased by -63% to 54 tons. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 89%.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses contracted dramatically to $89K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 175% against the previous year.