Significant Drop in Spain's Bicycle Prices to $343 per Unit

Significant Drop in Spain

Spain Bicycle Import Price in April 2023

The price of bicycles in Spain reached $343 per unit (CIF, Spain) in April 2023, showing a decrease of 22.8% compared to the previous month. Although the import price had a relatively flat trend overall, there was a significant growth in March 2023 with a 32% increase month-to-month. However, the import price quickly declined in the following month, dropping from $444K per thousand units.

The prices of bicycles varied depending on the country of origin. The Netherlands had the highest price at $793 per unit, while Sri Lanka had one of the lowest prices at $57.9 per unit.

Between April 2022 and April 2023, the Netherlands experienced the highest rate of price growth at 4.6% among the major suppliers, while other suppliers saw more modest growth rates.

Spain Bicycle Imports

In April 2023, bicycle imports in Spain decreased by 2.3% to 40K units. This decline marked the fifth consecutive month of falling imports after three months of growth. Overall, there has been a noticeable contraction in imports. The highest growth rate was recorded in September 2022 with an 85% increase month-to-month. Imports peaked at 104K units in November 2022, but from December 2022 to April 2023, imports remained at a lower level.

In terms of value, bicycle imports in Spain dropped to $14M in April 2023. Imports have continued to indicate a significant contraction. The highest growth rate in value was recorded in September 2022 with a 61% increase month-to-month. Imports peaked at 26M units in June 2022, but from July 2022 to April 2023, there was no recovery in import momentum.

Spain Bicycle Imports by Country

The main suppliers of bicycle imports to Spain were Italy (9.3K units), Portugal (7.4K units), and the Netherlands (4.5K units), which together accounted for a 53% share of total imports. Romania, Bangladesh, Sri Lanka, and Poland lagged behind with a combined share of 29%. Bangladesh recorded the highest increase in imports with a CAGR of 53.5% between April 2022 and April 2023, while other suppliers had more modest growth rates.

In terms of value, the largest bicycle suppliers to Spain were the Netherlands ($3.6M), Portugal ($2.5M), and Italy ($1.8M), making up a combined share of 58% of total imports. Romania, Poland, Bangladesh, and Sri Lanka accounted for an additional 10%. Among the main suppliers, Bangladesh saw the highest growth rate in import value with a CAGR of 48.6% during the review period, while other suppliers had more modest growth rates.

Source: IndexBox Market Intelligence Platform

Comments

Post a Comment

Popular posts from this blog

China's Import of Diethanolamine Decreases Slightly to $4.8 Million in June 2023

Image
China Diethanolamine Imports In June 2023, China imported approximately 5.5K tons of diethanolamine and its salts, marking a 14.3% decline compared to the previous month. Overall, imports showed a relatively steady trend. The highest growth rate occurred in May 2023, with a 475% month-to-month increase. In terms of value, diethanolamine imports in June 2023 reached $4.8M according to IndexBox estimates. Imports continued to contract during the review period. The most rapid growth rate occurred in May 2023, with a 486% increase compared to the previous month. Imports by Country In June 2023, Saudi Arabia was the largest supplier of diethanolamine to China, accounting for 72% of total imports with 4K tons. Malaysia, the second-largest supplier, only provided 552 tons, a sevenfold difference compared to Saudi Arabia. Between June 2022 and June 2023, the average monthly growth rate of volume from Saudi Arabia was relatively modest. In terms of value, Saudi Arabia constituted 72% of total i
Read more

Maleic Anhydride Imports in Turkey Experience a Significant 36% Decrease in July 2023, Totaling $4M

Image
In July 2023, the volume of maleic anhydride imports in Turkey declined by 32.1% to 3.9K tons, marking the second consecutive month of decline after three months of growth. However, overall imports showed a noticeable expansion, with the most rapid growth recorded in August 2022 at a 140% increase compared to the previous month. In terms of value, maleic anhydride imports saw a significant drop to $4M in July 2023, according to estimates from IndexBox. Imports experienced a pronounced shrinkage during the review period, with the most pronounced growth occurring in August 2022, reaching a peak of $12M. From September 2022 to July 2023, import growth remained at a slightly lower figure. Russia, China, and South Korea were the main suppliers of maleic anhydride imports to Turkey, accounting for a combined 91% share of total imports. During the period from July 2022 to July 2023, Russia experienced the highest growth rate in terms of volume, with a CAGR of +24.0%, while other leading sup
Read more

Top Countries for Importing Chocolate and Confectionery Products Worldwide

Image
Chocolate and confectionery products have always been beloved treats across the globe due to their delicious flavors and indulgent qualities. As a result, the chocolate and confectionery industry has become a thriving sector, with many countries involved in the import and export of these delightful treats. In this article, we will discuss the leading import markets for chocolate and confectionery products worldwide, supported by data and statistics from the IndexBox market report. 1. United States The United States holds the top spot as the largest import market for chocolate and confectionery products with an impressive import value of $10.366 billion in 2022. The American population's deep love for sweets makes it a highly sought-after destination for confectionery imports. With a wide range of options available, from artisanal chocolates to iconic candy brands, the U.S. market caters to the diverse preferences of chocolate and confectionery enthusiasts. The country's large c
Read more