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

Contents:

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

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

In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $4,686 per ton, jumping by 18% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.2% 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, pedals and crank-gear, and parts thereoves increased by +49.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 27%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($35,686 per ton), while the price for China ($3,132 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.7%), 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 Brazil (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $4,250 per ton, rising by 33% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cycles; parts, pedals and crank-gear, and parts thereoves increased by +69.5% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($14,118 per ton), while the average price for exports to Paraguay ($2,994 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+2.0%), 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 Brazil

In 2022, approx. 6K tons of cycles; parts, pedals and crank-gear, and parts thereoves were imported into Brazil; shrinking by -33.7% against the previous year's figure. Overall, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by 64%. As a result, imports attained the peak of 9K tons, and then fell dramatically in the following year.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves fell dramatically to $28M in 2022. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 109%. As a result, imports reached the peak of $36M, and then shrank markedly in the following year.

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

1. China (5.3K tons)
2. Philippines (0.4K tons)
3. Malaysia (0.1K tons)
4. Taiwan (Chinese) (0.1K tons)

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

In 2022, overseas shipments of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -76.1% to 38 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 80% against the previous year. As a result, the exports reached the peak of 159 tons, and then dropped dramatically in the following year.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves dropped rapidly to $161K in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 129% against the previous year. As a result, the exports reached the peak of $507K, and then contracted remarkably in the following year.

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

1. Argentina (29.1 tons)
2. Mexico (2.9 tons)
3. Paraguay (2.4 tons)
4. United States (2.1 tons)
5. Colombia (0.7 tons)

Source: IndexBox Market Intelligence Platform