Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka - 2022
Contents:
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka (CIF) - 2022
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka (FOB) - 2022
- Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka
- Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka
Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka (CIF) - 2022
In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $5,219 per ton, increasing by 48% against the previous year. In general, the import price showed a strong increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,261 per ton), while the price for Japan ($956 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka (FOB) - 2022
The average export price for cycles; parts thereof, wheel rims and spokeses stood at $4,762 per ton in 2022, declining by -24.3% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 increased by +32.8% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 35% against the previous year. As a result, the export price reached the peak level of $6,290 per ton, and then contracted significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($13,035 per ton), while the average price for exports to Malaysia ($1,866 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 Malaysia (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka
In 2022, imports of cycles; parts thereof, wheel rims and spokeses into Sri Lanka shrank sharply to 795 tons, falling by -49.2% on the year before. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of 1.6K tons, and then declined dramatically in the following year.
In value terms, imports of cycles; parts thereof, wheel rims and spokeses dropped markedly to $4.1M in 2022. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 77% against the previous year. As a result, imports reached the peak of $5.5M, and then reduced remarkably in the following year.
| Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,775 | 2,779 | 4,919 | 3,458 | 7.6% |
| Hong Kong SAR | 10.1 | 137 | 314 | 486 | 263.7% |
| India | 171 | 82.6 | 211 | 163 | -1.6% |
| Japan | 3.3 | 3.6 | 10.8 | 17.9 | 75.7% |
| Others | 101 | 118 | 55.8 | 22.1 | -39.7% |
| Total | 3,060 | 3,120 | 5,510 | 4,148 | 10.7% |
Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Sri Lanka in 2022:
- China (552.3 tons)
- Hong Kong SAR (123.7 tons)
- India (93.3 tons)
- Japan (18.7 tons)
Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka
In 2022, exports of cycles; parts thereof, wheel rims and spokeses from Sri Lanka fell notably to 9.7 tons, with a decrease of -86.1% against 2021 figures. In general, exports showed a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 314% against the previous year.
In value terms, exports of cycles; parts thereof, wheel rims and spokeses reduced dramatically to $46K in 2022. Overall, exports faced a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 458%. As a result, the exports reached the peak of $437K, and then contracted remarkably in the following year.
| Export of Cycles; Parts Thereof, Wheel Rims and Spokes in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 154 | 34.2 | 364 | 38.2 | -37.2% |
| United Kingdom | 27.8 | 2.1 | 3.4 | 3.8 | -48.5% |
| Maldives | 7.7 | 0.1 | 0.7 | 1.8 | -38.4% |
| Malaysia | 4.1 | 0.4 | 0.7 | 0.3 | -58.2% |
| China | 5.7 | 0.7 | 0.9 | N/A | -60.3% |
| Colombia | N/A | 25.7 | 41.6 | N/A | 61.9% |
| Germany | 51.0 | 3.8 | 1.1 | N/A | -85.3% |
| Tanzania | 0.9 | 0.2 | 0.3 | N/A | -42.3% |
| Others | 71.8 | 11.1 | 24.3 | 1.9 | -70.2% |
| Total | 323 | 78.2 | 437 | 46.0 | -47.8% |
Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Sri Lanka in 2022:
- India (8.5 tons)
- Maldives (0.5 tons)
- United Kingdom (0.3 tons)
- Malaysia (0.2 tons)
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