Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Germany - 2023

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Germany (CIF) - 2023
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Germany (FOB) - 2023
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Germany
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Germany

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Germany (CIF) - 2023

In November 2023, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $16,768 per ton, with an increase of 11% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 36% month-to-month. The import price peaked at $23,754 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($47,246 per ton), while the price for the Netherlands ($7,166 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Germany (FOB) - 2023

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $49,916 per ton in November 2023, increasing by 51% against the previous month. In general, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 59% m-o-m. The export price peaked in November 2023.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was France ($148K per ton), while the average price for exports to Bangladesh ($10,842 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of cycles; parts thereof, wheel rims and spokeses into Germany expanded rapidly to 5.4K tons, picking up by 7.7% against 2021 figures. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses surged to $106M in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 51% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

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

1. Taiwan (Chinese) (1541.4 tons)
2. China (916.5 tons)
3. Switzerland (688.3 tons)
4. Belgium (619.8 tons)
5. Portugal (496.0 tons)
6. Netherlands (288.9 tons)
7. Italy (229.6 tons)
8. France (223.8 tons)

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

In 2022, the amount of cycles; parts thereof, wheel rims and spokeses exported from Germany reached 2.2K tons, picking up by 9.5% on 2021 figures. In general, exports, however, continue to indicate a relatively flat trend pattern.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses rose significantly to $27M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +65.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Germany in 2022:

1. Poland (665.5 tons)
2. France (413.5 tons)
3. Sweden (202.1 tons)
4. Hungary (191.5 tons)
5. Netherlands (85.8 tons)
6. Romania (70.5 tons)
7. Belgium (55.8 tons)
8. Austria (53.6 tons)
9. Italy (52.7 tons)
10. Czech Republic (46.1 tons)
11. Portugal (41.7 tons)
12. Lithuania (37.6 tons)

Source: IndexBox Market Intelligence Platform