Fishing Reels Price in Myanmar - 2022
Contents:
- Fishing Reels Price in Myanmar (CIF) - 2022
- Fishing Reels Price in Myanmar (FOB) - 2022
- Fishing Reels Imports in Myanmar
- Fishing Reels Exports in Myanmar
Fishing Reels Price in Myanmar (CIF) - 2022
The average fishing reels import price stood at $78,956 per ton in 2022, stabilizing at the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing reels import price increased by +11.3% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 61% against the previous year. The import price peaked at $79,398 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($178,063 per ton), while the price for China ($40,793 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Reels Price in Myanmar (FOB) - 2022
The average fishing reels export price stood at $67,778 per ton in 2022, dropping by -32.7% against the previous year. In general, the export price, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 an increase of 68% against the previous year. Over the period under review, the average export prices hit record highs at $120,983 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($76,893 per ton), while the average price for exports to South Korea totaled $45,457 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.4%).
Fishing Reels Imports in Myanmar
In 2022, after two years of decline, there was significant growth in overseas purchases of fishing reelses, when their volume increased by 24% to 41 kg. Over the period under review, imports, however, faced a significant decrease.
In value terms, fishing reels imports skyrocketed to $3.3K in 2022. Overall, imports, however, saw a sharp curtailment.
| Import of Fishing Reels in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.0 | 2.1 | 1.6 | 1.9 | -1.7% |
| China | 11.5 | 1.4 | 0.8 | 1.2 | -52.9% |
| Malaysia | 0.9 | 0.3 | 0.1 | 0.1 | -51.9% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 14.4 | 3.9 | 2.6 | 3.3 | -38.8% |
Top Suppliers of Fishing Reels to Myanmar in 2022:
- China (29.0 kg)
- Japan (11.0 kg)
- Malaysia (1.0 kg)
Fishing Reels Exports in Myanmar
Fishing reels exports from Myanmar soared to 69 kg in 2022, with an increase of 60% against 2021 figures. In general, total exports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.9% against 2020 indices.
In value terms, fishing reels exports stood at $4.7K in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern.
| Export of Fishing Reels in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.7 | 2.8 | 0.2 | 3.7 | 0.0% |
| South Korea | 1.0 | 2.0 | N/A | 0.9 | -3.5% |
| Germany | N/A | N/A | 1.0 | N/A | 0% |
| Austria | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | 0.2 | 3.0 | N/A | 1400.0% |
| Total | 4.7 | 4.9 | 4.4 | 4.7 | 0.0% |
Top Export Markets for Fishing Reels from Myanmar in 2022:
- Singapore (48.0 kg)
- South Korea (20.0 kg)
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