Fishing Reels Price in China - 2023
Contents:
- Fishing Reels Price in China (FOB) - 2022
- Fishing Reels Price in China (CIF) - 2022
- Fishing Reels Exports in China
- Fishing Reels Imports in China
Fishing Reels Price in China (FOB) - 2022
The average fishing reels export price stood at $24,602 per ton in 2022, which is down by -3% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the maximum at $25,725 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($60,538 per ton), while the average price for exports to Belarus ($9,414 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 Japan (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Fishing Reels Price in China (CIF) - 2022
In 2022, the average fishing reels import price amounted to $169,611 per ton, which is down by -12.1% against the previous year. Overall, the import price, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of 71%. The import price peaked at $192,914 per ton in 2021, and then dropped in the following year.
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 Thailand ($320,675 per ton), while the price for Indonesia ($23,596 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Reels Exports in China
In 2022, overseas shipments of fishing reelses decreased by -9.9% to 16K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 37%. As a result, the exports reached the peak of 18K tons, and then fell in the following year.
In value terms, fishing reels exports contracted to $405M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 49%. As a result, the exports attained the peak of $464M, and then fell in the following year.
| Export of Fishing Reels in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 100 | 111 | 164 | 144 | 12.9% |
| Japan | 25.2 | 31.1 | 36.3 | 34.2 | 10.7% |
| Poland | 12.9 | 10.2 | 25.1 | 23.3 | 21.8% |
| Russia | 10.9 | 12.5 | 17.9 | 16.7 | 15.3% |
| Vietnam | 9.2 | 18.2 | 14.2 | 15.3 | 18.5% |
| Indonesia | 6.7 | 12.2 | 15.8 | 15.1 | 31.1% |
| South Korea | 8.6 | 14.3 | 19.5 | 14.3 | 18.5% |
| Malaysia | 7.8 | 8.3 | 13.4 | 12.4 | 16.7% |
| Australia | 7.9 | 8.5 | 14.9 | 12.1 | 15.3% |
| Thailand | 5.8 | 6.5 | 8.9 | 11.0 | 23.8% |
| France | 3.1 | 4.2 | 11.6 | 10.2 | 48.7% |
| Brazil | 3.8 | 3.8 | 6.1 | 5.0 | 9.6% |
| Belarus | 1.9 | 1.7 | 3.0 | 3.4 | 21.4% |
| Others | 70.3 | 69.2 | 113 | 88.9 | 8.1% |
| Total | 274 | 312 | 464 | 405 | 13.9% |
Top Export Markets for Fishing Reels from China in 2022:
- United States (4.1K tons)
- Russia (1.4K tons)
- Indonesia (1.3K tons)
- Poland (0.9K tons)
- Vietnam (0.6K tons)
- Thailand (0.6K tons)
- Japan (0.6K tons)
- Malaysia (0.5K tons)
- Brazil (0.4K tons)
- Australia (0.4K tons)
- France (0.4K tons)
- South Korea (0.4K tons)
- Belarus (0.4K tons)
Fishing Reels Imports in China
In 2022, imports of fishing reelses into China surged to 691 tons, rising by 82% compared with the year before. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fishing reels imports soared to $117M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fishing Reels in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 23.8 | 33.5 | 35.6 | 51.6 | 29.4% |
| Malaysia | 15.2 | 18.9 | 16.0 | 30.5 | 26.1% |
| Thailand | 7.3 | 14.5 | 13.6 | 21.1 | 42.4% |
| Vietnam | 4.9 | 5.2 | 4.8 | 11.1 | 31.3% |
| South Korea | 1.1 | 2.6 | 2.6 | 2.4 | 29.7% |
| Indonesia | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.4 | 0.4 | 0.6 | 0.3 | -9.1% |
| Total | 52.7 | 75.1 | 73.2 | 117 | 30.5% |
Top Suppliers of Fishing Reels to China in 2022:
- Malaysia (251.8 tons)
- Japan (196.1 tons)
- Vietnam (141.2 tons)
- Thailand (65.8 tons)
- South Korea (21.4 tons)
- Indonesia (10.8 tons)
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