Fishing Reels Price in Morocco - 2022

Contents:

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

Fishing Reels Price in Morocco (CIF) - 2022

In 2022, the average fishing reels import price amounted to $15,343 per ton, leveling off at the previous year. Over the period under review, the import price showed a pronounced decrease. The pace of growth was the most pronounced in 2015 an increase of 71% against the previous year. Over the period under review, average import prices attained the maximum at $19,627 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($32,750 per ton), while the price for China stood at $12,361 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%).

Fishing Reels Price in Morocco (FOB) - 2022

The average fishing reels export price stood at $78,333 per ton in 2022, falling by -5.9% against the previous year. Overall, the export price, however, recorded strong growth. The growth pace was the most rapid in 2021 when the average export price increased by 105% against the previous year. As a result, the export price attained the peak level of $83,286 per ton, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +10.8% per year.

Fishing Reels Imports in Morocco

In 2022, overseas purchases of fishing reelses decreased by -35.8% to 25 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of 40 tons, and then reduced markedly in the following year.

In value terms, fishing reels imports dropped significantly to $391K in 2022. Overall, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. As a result, imports attained the peak of $615K, and then dropped dramatically in the following year.

Import of Fishing Reels in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China19523836030015.4%
Indonesia15.215.321.417.85.4%
Others59.676.023373.47.2%
Total27032961539113.1%

Top Suppliers of Fishing Reels to Morocco in 2022:

  1. China (24.2 tons)
  2. Indonesia (0.5 tons)

Fishing Reels Exports in Morocco

After three years of growth, shipments abroad of fishing reelses decreased by -35.7% to 9 kg in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 133%. As a result, the exports reached the peak of 14 kg, and then dropped notably in the following year.

In value terms, fishing reels exports fell markedly to $705 in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 378%. As a result, the exports reached the peak of $1.2K, and then contracted remarkably in the following year.

Export of Fishing Reels in Morocco (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire10224176670590.5%
Thailand1.0N/AN/AN/A0%
CongoN/AN/A400N/A0%
Ghana9.0N/AN/AN/A0%
OthersN/A3.0N/AN/A0%
Total1122441,16670584.6%

Top Export Markets for Fishing Reels from Morocco in 2022:

  1. Cote d'Ivoire (9.0 kg)

Source: IndexBox Market Intelligence Platform

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