Price for Cycles; Parts Thereof, Saddles in Vietnam - 2021

Contents:

1. Price for Cycles; Parts Thereof, Saddles in Vietnam (FOB) - 2022
2. Price for Cycles; Parts Thereof, Saddles in Vietnam (CIF) - 2022
3. Exports of Cycles; Parts Thereof, Saddles in Vietnam
4. Imports of Cycles; Parts Thereof, Saddles in Vietnam

Price for Cycles; Parts Thereof, Saddles in Vietnam (FOB) - 2022

In 2022, the average cycles; parts thereof, saddles export price amounted to $11 per unit, leveling off at the previous year. Over the period under review, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2014 when the average export price increased by 92% against the previous year. Over the period under review, the average export prices attained the peak figure at $19 per unit in 2016; however, from 2017 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 the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +13.6% per year.

Price for Cycles; Parts Thereof, Saddles in Vietnam (CIF) - 2022

In 2022, the average cycles; parts thereof, saddles import price amounted to $5 per unit, increasing by 6.8% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cycles; parts thereof, saddles import price decreased by -9.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48%. As a result, import price reached the peak level of $5.5 per unit. From 2021 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +4.6% per year.

Exports of Cycles; Parts Thereof, Saddles in Vietnam

In 2022, shipments abroad of cycles; parts thereof, saddleses decreased by -11.9% to 2.1M units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of 2.3M units, and then contracted in the following year.

In value terms, cycles; parts thereof, saddles exports shrank to $23M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +50.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $26M, and then fell in the following year.

Top Export Markets for Cycles; Parts Thereof, Saddles from Vietnam in 2022:

1. United Arab Emirates (2.1M units)

Imports of Cycles; Parts Thereof, Saddles in Vietnam

In 2022, approx. 619K units of cycles; parts thereof, saddleses were imported into Vietnam; dropping by -20.2% against 2021. Over the period under review, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% 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 +33.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of 776K units, and then contracted significantly in the following year.

In value terms, cycles; parts thereof, saddles imports reduced to $3.1M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +41.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of $3.6M, and then shrank in the following year.

Top Suppliers of Cycles; Parts Thereof, Saddles to Vietnam in 2022:

1. United Arab Emirates (619.5K units)

Source: IndexBox Market Intelligence Platform