Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Australia - 2024

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Australia (CIF) - 2022
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Australia (FOB) - 2022
3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Australia
4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Australia

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Australia (CIF) - 2022

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $31,647 per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. The import price peaked at $38,796 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($31,575 per ton) and China ($31,575 per ton), while the price for Malaysia ($31,574 per ton) and Italy ($31,574 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Australia (FOB) - 2022

The average export price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $58,089 per ton in 2022, falling by -27.9% against the previous year. Overall, the export price, however, continues to indicate a notable expansion. The growth pace was the most rapid in 2017 when the average export price increased by 281% against the previous year. The export price peaked at $81,183 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($58,215 per ton) and Japan ($58,153 per ton), while the average price for exports to the United States ($58,074 per ton) and the UK ($58,077 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Australia

In 2022, the amount of cycles; parts, pedals and crank-gear, and parts thereoves imported into Australia rose significantly to 498 tons, growing by 8.2% against 2021. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +69.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 48%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves expanded markedly to $16M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +65.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Australia in 2022:

1. Taiwan (Chinese) (274.1 tons)
2. Japan (84.0 tons)
3. Malaysia (45.3 tons)
4. China (20.1 tons)
5. Vietnam (15.6 tons)
6. United States (14.4 tons)
7. Italy (12.5 tons)

Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Australia

For the fourth year in a row, Australia recorded growth in shipments abroad of cycles; parts, pedals and crank-gear, and parts thereoves, which increased by 379% to 3.5 tons in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves surged to $204K in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Australia in 2022:

1. Papua New Guinea (1194.0 kg)
2. Taiwan (Chinese) (894.0 kg)
3. New Zealand (514.0 kg)
4. Malaysia (242.0 kg)
5. United States (204.0 kg)
6. Japan (189.0 kg)
7. Hong Kong SAR (180.0 kg)
8. Singapore (1.0 kg)

Source: IndexBox Market Intelligence Platform