Price for Cycles; Parts Thereof, Saddles in India - 2023

Contents:

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

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

In 2022, the average cycles; parts thereof, saddles export price amounted to $28 per unit, increasing by 35% against the previous year. Over the period under review, the export price enjoyed a significant increase. The growth pace was the most rapid in 2020 an increase of 1,678%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Sri Lanka ($34 per unit), while the average price for exports to Romania ($0.8 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 Italy (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average cycles; parts thereof, saddles import price amounted to $1.6 per unit, with an increase of 18% against the previous year. Over the period under review, the import price, however, showed a mild decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by 23% against the previous year. The import price peaked at $1.9 per unit in 2012; however, from 2013 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 Italy ($2.7 per unit), while the price for Malaysia ($0.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cycles; Parts Thereof, Saddles in India

For the third year in a row, India recorded decline in shipments abroad of cycles; parts thereof, saddleses, which decreased by -42.8% to 184K units in 2022. Overall, exports showed a precipitous contraction. The smallest decline of -30.6% was in 2021. Over the period under review, the exports reached the maximum at 9.1M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cycles; parts thereof, saddles exports reduced notably to $5.2M in 2022. In general, exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, the exports attained the peak of $6.7M, and then dropped remarkably in the following year.

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

1. Romania (31.9K units)
2. Burkina Faso (19.9K units)
3. Bangladesh (19.2K units)
4. Nepal (16.1K units)
5. Italy (11.4K units)
6. Mali (9.6K units)
7. Malawi (8.3K units)
8. Cote d'Ivoire (6.4K units)
9. Tanzania (5.4K units)
10. Uganda (5.4K units)
11. Zambia (4.4K units)
12. Sri Lanka (3.6K units)
13. Rwanda (3.4K units)

Imports of Cycles; Parts Thereof, Saddles in India

In 2022, after three years of growth, there was significant decline in purchases abroad of cycles; parts thereof, saddleses, when their volume decreased by -27.5% to 500K units. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum at 690K units in 2021, and then contracted dramatically in the following year.

In value terms, cycles; parts thereof, saddles imports fell to $805K in 2022. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of $942K, and then contracted in the following year.

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

1. China (270.9K units)
2. Taiwan (Chinese) (92.1K units)
3. Vietnam (72.9K units)
4. Italy (43.8K units)
5. Malaysia (8.1K units)

Source: IndexBox Market Intelligence Platform