Fishing Reels Price in Israel - 2023

Fishing Reels Price in Israel (CIF) - 2022

In 2022, the average fishing reels import price amounted to $70,173 per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2020 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $73,229 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($70,737 per ton) and Italy ($70,704 per ton), while the price for Germany ($65,240 per ton) and Malta ($65,954 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Fishing Reels Price in Israel (FOB) - 2022

In 2022, the average fishing reels export price amounted to $76,233 per ton, reducing by -3.4% against the previous year. Overall, the export price, however, saw a resilient increase. The export price peaked at $78,947 per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($92,144 per ton), while the average price for exports to Germany totaled $55,777 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.3%).

Fishing Reels Imports in Israel

After three years of growth, overseas purchases of fishing reelses decreased by -10.4% to 10 tons in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% 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 +43.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 53% against the previous year. As a result, imports reached the peak of 12 tons, and then reduced in the following year.

In value terms, fishing reels imports contracted to $727K in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.6% 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 +62.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $819K, and then declined in the following year.

Import of Fishing Reels in Israel (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	152	85.0	243	249	17.9%
Japan	52.0	42.0	219	225	63.0%
Netherlands	51.0	184	36.9	91.6	21.6%
Malta	67.0	41.0	11.0	40.1	-15.7%
South Korea	26.0	18.0	35.9	36.9	12.4%
Italy	24.0	27.0	33.9	34.9	13.3%
Taiwan (Chinese)	24.0	31.0	16.0	23.9	-0.1%
Hong Kong SAR	19.0	N/A	67.9	N/A	89.0%
Malaysia	N/A	N/A	81.9	N/A	0%
France	N/A	42.0	30.9	N/A	-26.4%
Others	32.0	85.0	43.3	25.7	-7.0%
Total	447	555	819	727	17.6%

Top Suppliers of Fishing Reels to Israel in 2022:

China (3.5 tons)
Japan (3.2 tons)
Netherlands (1.3 tons)
Malta (0.6 tons)
Italy (0.5 tons)
South Korea (0.5 tons)
Taiwan (Chinese) (0.3 tons)

Fishing Reels Exports in Israel

In 2022, approx. 223 kg of fishing reelses were exported from Israel; declining by -26.6% compared with 2021 figures. Over the period under review, exports faced a sharp decline.

In value terms, fishing reels exports declined remarkably to $17K in 2022. In general, exports showed a sharp curtailment.