Bicycle Tire Price in Serbia - 2023
Contents:
- Bicycle Tire Price in Serbia (CIF) - 2022
- Bicycle Tire Price in Serbia (FOB) - 2022
- Bicycle Tire Imports in Serbia
- Bicycle Tire Exports in Serbia
Bicycle Tire Price in Serbia (CIF) - 2022
In 2022, the average bicycle tire import price amounted to $3.7 per unit, increasing by 8% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the maximum at $5.1 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 Indonesia ($9.2 per unit), while the price for China ($3.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.6%), while the prices for the other major suppliers experienced a decline.
Bicycle Tire Price in Serbia (FOB) - 2022
The average bicycle tire export price stood at $2.8 per unit in 2022, surging by 14% against the previous year. Overall, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 45% against the previous year. The export price peaked at $4.3 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($4.6 per unit), while the average price for exports to Turkey ($2.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Bicycle Tire Imports in Serbia
Bicycle tire imports into Serbia expanded rapidly to 320K units in 2022, with an increase of 15% against the previous year. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 149%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, bicycle tire imports soared to $1.2M in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 82% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Bicycle Tire in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 138 | 299 | 325 | 487 | 52.2% |
| China | 144 | 201 | 429 | 403 | 40.9% |
| Vietnam | 76.1 | 153 | 128 | 212 | 40.7% |
| Bulgaria | 24.0 | 71.2 | 4.1 | N/A | -58.7% |
| Others | 51.9 | 66.3 | 58.1 | 72.3 | 11.7% |
| Total | 434 | 789 | 945 | 1,174 | 39.3% |
Top Suppliers of Bicycle Tire to Serbia in 2022:
- Czech Republic (133.9K units)
- China (126.6K units)
- Vietnam (53.5K units)
Bicycle Tire Exports in Serbia
In 2022, the amount of new pneumatic tyres for bicycles exported from Serbia declined significantly to 373K units, waning by -42.2% compared with the year before. Overall, exports faced a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 4.2% against the previous year. Over the period under review, the exports reached the maximum at 751K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, bicycle tire exports contracted dramatically to $1M in 2022. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports reached the peak of $1.6M, and then fell sharply in the following year.
| Export of Bicycle Tire in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 982 | 995 | 829 | 584 | -15.9% |
| Bosnia and Herzegovina | 163 | 181 | 298 | 146 | -3.6% |
| Italy | N/A | N/A | 172 | 108 | -37.2% |
| Romania | 32.9 | N/A | 17.9 | 47.2 | 12.8% |
| Czech Republic | 174 | 13.4 | 137 | 42.7 | -37.4% |
| North Macedonia | 42.5 | 22.5 | 22.6 | 29.6 | -11.4% |
| Montenegro | 13.1 | 30.9 | 21.2 | 26.2 | 26.0% |
| Others | 36.4 | 37.2 | 76.3 | 47.6 | 9.4% |
| Total | 1,445 | 1,280 | 1,573 | 1,032 | -10.6% |
Top Export Markets for Bicycle Tire from Serbia in 2022:
- Turkey (230.3K units)
- Bosnia and Herzegovina (50.9K units)
- Italy (35.3K units)
- Romania (15.7K units)
- Czech Republic (11.1K units)
- North Macedonia (8.7K units)
- Montenegro (5.7K units)
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