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

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Argentina (CIF) - 2022
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Argentina (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Argentina
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Argentina

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $5,666 per ton, picking up by 21% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +67.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($15,947 per ton), while the price for China amounted to $5,407 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $2,650 per ton, with an increase of 24% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 80%. Over the period under review, the average export prices reached the peak figure at $14,290 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Peru ($5,756 per ton), while the average price for exports to Tanzania ($1,433 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 (-6.6%).

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

After three years of growth, overseas purchases of cycles; parts thereof, wheel rims and spokeses decreased by -29% to 844 tons in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 248% against the previous year. As a result, imports reached the peak of 1.2K tons, and then dropped dramatically in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses fell to $4.8M in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 381% against the previous year. As a result, imports reached the peak of $5.6M, and then reduced in the following year.

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

1. China (834.4 tons)
2. Malaysia (3.9 tons)

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

In 2022, approx. 7.3 tons of cycles; parts thereof, wheel rims and spokeses were exported from Argentina; jumping by 152% compared with the previous year. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 11,674%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $19K in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 11,098%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Uruguay (4.8 tons)
2. Tanzania (1.3 tons)
3. Peru (1.1 tons)

Source: IndexBox Market Intelligence Platform