Fishing Reels Price in Colombia - 2022

Contents:

  1. Fishing Reels Price in Colombia (CIF) - 2022
  2. Fishing Reels Price in Colombia (FOB) - 2022
  3. Fishing Reels Imports in Colombia
  4. Fishing Reels Exports in Colombia

Fishing Reels Price in Colombia (CIF) - 2022

The average fishing reels import price stood at $21,010 per ton in 2022, stabilizing at the previous year. Overall, the import price, however, showed a resilient expansion. The growth pace was the most rapid in 2016 an increase of 71% against the previous year. The import price peaked at $21,075 per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Paraguay ($52,130 per ton), while the price for Panama ($5,315 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Fishing Reels Price in Colombia (FOB) - 2022

In 2022, the average fishing reels export price amounted to $9,162 per ton, which is down by -70.5% against the previous year. Overall, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 1,547% against the previous year. The export price peaked at $53,960 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($28,847 per ton), while the average price for exports to Costa Rica totaled $7,585 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+44.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Reels Imports in Colombia

In 2022, the amount of fishing reelses imported into Colombia fell notably to 14 tons, declining by -26.8% against 2021. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 106% against the previous year. As a result, imports attained the peak of 18 tons, and then shrank dramatically in the following year.

In value terms, fishing reels imports shrank notably to $284K in 2022. In general, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by 117% against the previous year. As a result, imports reached the peak of $389K, and then fell sharply in the following year.

Import of Fishing Reels in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16872.6228167-0.2%
Malaysia82.039.747.940.1-21.2%
Hong Kong SAR13.311.916.514.52.9%
Paraguay3.71.48.411.144.2%
Germany13.59.911.28.0-16.0%
Panama1.60.51.31.0-14.5%
Others21.143.075.542.226.0%
Total303179389284-2.1%

Top Suppliers of Fishing Reels to Colombia in 2022:

  1. China (11.4 tons)
  2. Malaysia (0.8 tons)
  3. Germany (0.3 tons)
  4. Hong Kong SAR (0.3 tons)
  5. Panama (0.2 tons)
  6. Paraguay (0.2 tons)

Fishing Reels Exports in Colombia

For the fourth consecutive year, Colombia recorded growth in shipments abroad of fishing reelses, which increased by 312% to 782 kg in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 500%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, fishing reels exports surged to $7.2K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 563%. As a result, the exports attained the peak of $8.4K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Fishing Reels in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa RicaN/AN/A0.85.5587.5%
CanadaN/AN/A0.31.7466.7%
Sweden1.2N/AN/AN/A0%
PanamaN/A8.2N/AN/A0%
OthersN/A0.24.8N/A2300.0%
Total1.38.45.97.276.9%

Top Export Markets for Fishing Reels from Colombia in 2022:

  1. Costa Rica (724.0 kg)
  2. Canada (58.0 kg)

Source: IndexBox Market Intelligence Platform

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