Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Serbia - 2024

Contents:

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

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

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $8,089 per ton, picking up by 21% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +69.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 94% against the previous year. The import price peaked 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 Germany ($10,496 per ton), while the price for Italy ($6,979 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $8,890 per ton in 2022, growing by 6% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 thereof, wheel rims and spokeses decreased by -1.6% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 77%. As a result, the export price attained the peak level of $9,038 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($13,531 per ton), while the average price for exports to Italy ($6,440 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 Slovakia (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, overseas purchases of cycles; parts thereof, wheel rims and spokeses decreased by -10.5% to 155 tons in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% 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 +40.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41%. As a result, imports reached the peak of 173 tons, and then shrank in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses expanded sharply to $1.3M in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 57% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

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

1. Bulgaria (86.5 tons)
2. Italy (49.1 tons)
3. China (9.9 tons)
4. Germany (7.7 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of cycles; parts thereof, wheel rims and spokeses, when their volume decreased by -26.2% to 3.3 tons. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 125%.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses contracted notably to $29K in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 101%.

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

1. Bosnia and Herzegovina (1426.0 kg)
2. Italy (978.0 kg)
3. North Macedonia (318.0 kg)
4. Montenegro (254.0 kg)
5. Switzerland (108.0 kg)
6. Croatia (86.0 kg)
7. Greece (62.0 kg)

Source: IndexBox Market Intelligence Platform