Fishing Reels Price in Canada - 2023

Fishing Reels Price in Canada (CIF) - 2022

In 2022, the average fishing reels import price amounted to $60,921 per ton, falling by -13.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 an increase of 9.9% against the previous year. As a result, import price attained the peak level of $71,247 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($61,076 per ton) and Thailand ($61,075 per ton), while the price for Malaysia ($59,067 per ton) and Japan ($59,164 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Fishing Reels Price in Canada (FOB) - 2022

The average fishing reels export price stood at $69,272 per ton in 2022, declining by -11.3% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $88,368 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($69,374 per ton), while the average price for exports to Ireland ($67,467 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 the United States (+2.8%), while the prices for the other major destinations experienced a decline.

Fishing Reels Imports in Canada

In 2022, fishing reels imports into Canada expanded remarkably to 478 tons, surging by 12% against the year before. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +67.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, fishing reels imports declined to $29M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, imports reached the peak of $30M, and then dropped in the following year.

Import of Fishing Reels in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	16.7	15.2	23.3	22.3	10.1%
Malaysia	2.1	1.6	1.7	1.7	-6.8%
South Korea	1.0	1.1	1.6	1.5	14.5%
United States	0.9	0.8	1.2	1.2	10.1%
Vietnam	0.4	0.5	0.9	0.9	31.0%
Thailand	0.2	0.3	0.7	0.7	51.8%
Japan	0.5	0.4	0.4	0.4	-7.2%
Others	0.3	0.3	0.4	0.4	10.1%
Total	22.2	20.3	30.3	29.1	9.4%

Top Suppliers of Fishing Reels to Canada in 2022:

China (365.7 tons)
Malaysia (29.0 tons)
South Korea (25.1 tons)
United States (19.1 tons)
Vietnam (14.2 tons)
Thailand (11.4 tons)
Japan (7.4 tons)

Fishing Reels Exports in Canada

In 2022, approx. 12 tons of fishing reelses were exported from Canada; with an increase of 44% compared with the previous year's figure. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 129% against the previous year. As a result, the exports attained the peak of 12 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fishing reels exports skyrocketed to $799K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 144% against the previous year. As a result, the exports reached the peak of $889K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Fishing Reels in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	298	766	463	682	31.8%
Sweden	38.5	50.6	67.8	92.4	33.9%
Ireland	17.9	18.2	17.4	23.9	10.1%
United Kingdom	N/A	53.7	61.9	N/A	15.3%
Others	10.3	0.1	16.6	0.2	-73.1%
Total	365	889	627	799	29.8%