Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Japan - 2023
Contents:
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Japan (CIF) - 2023
- Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Japan (FOB) - 2022
- Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Japan
- Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Japan
Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Japan (CIF) - 2023
The average import price for cycles; parts thereof, wheel rims and spokeses stood at $7,413 per ton in November 2023, falling by -8.7% against the previous month. In general, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 17% month-to-month. The import price peaked at $9,665 per ton in September 2023; however, from October 2023 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -1.5% per month.
Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Japan (FOB) - 2022
The average export price for cycles; parts thereof, wheel rims and spokeses stood at $15,487 per ton in 2022, increasing by 229% against the previous year. In general, the export price, however, recorded a abrupt curtailment. Over the period under review, the average export prices attained the peak figure at $116,950 per ton in 2015; however, from 2016 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 France ($20,227 per ton), while the average price for exports to the United States ($3,053 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 Italy (-4.6%), while the prices for the other major destinations experienced a decline.
Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Japan
After two years of decline, supplies from abroad of cycles; parts thereof, wheel rims and spokeses increased by 14% to 96 tons in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cycles; parts thereof, wheel rims and spokeses soared to $9.8M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cycles; Parts Thereof, Wheel Rims and Spokes in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 5.5 | 5.9 | 7.5 | 8.9% |
| Taiwan (Chinese) | 0.7 | 0.6 | 0.7 | 0.9 | 8.7% |
| United States | 0.5 | 0.5 | 0.6 | 0.9 | 21.6% |
| Italy | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Indonesia | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Total | 7.5 | 7.0 | 7.7 | 9.8 | 9.3% |
Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Japan in 2022:
- China (64.9 tons)
- Taiwan (Chinese) (22.7 tons)
- United States (4.4 tons)
- Italy (1.5 tons)
Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Japan
In 2022, shipments abroad of cycles; parts thereof, wheel rims and spokeses decreased by -76.9% to 22 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 390%. As a result, the exports attained the peak of 97 tons, and then fell rapidly in the following year.
In value terms, exports of cycles; parts thereof, wheel rims and spokeses reduced remarkably to $345K in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 268%. As a result, the exports attained the peak of $455K, and then dropped notably in the following year.
| Export of Cycles; Parts Thereof, Wheel Rims and Spokes in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 2.7 | 4.4 | 112 | 544.1% |
| Sri Lanka | N/A | 36.7 | 133 | 83.3 | 50.7% |
| South Korea | 30.3 | 7.5 | 12.4 | 32.1 | 1.9% |
| Spain | N/A | N/A | N/A | 28.2 | 0% |
| Italy | N/A | N/A | N/A | 25.9 | 0% |
| United States | 5.6 | 2.5 | 254 | 12.7 | 31.4% |
| Taiwan (Chinese) | 4.3 | 3.0 | 4.7 | 12.3 | 42.0% |
| Nigeria | N/A | N/A | 1.9 | N/A | 0% |
| Austria | N/A | 31.5 | N/A | N/A | 0% |
| Indonesia | N/A | N/A | 38.0 | N/A | 0% |
| Others | 25.1 | 39.7 | 6.6 | 38.9 | 15.7% |
| Total | 65.3 | 124 | 455 | 345 | 74.2% |
Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Japan in 2022:
- Sri Lanka (5.7 tons)
- France (5.5 tons)
- United States (4.2 tons)
- South Korea (2.6 tons)
- Spain (1.7 tons)
- Italy (1.5 tons)
- Taiwan (Chinese) (0.9 tons)
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