Fishing Reels Price in Nigeria - 2022
Contents:
Fishing Reels Price in Nigeria (CIF) - 2022
The average fishing reels import price stood at $1,566,752 per ton in 2022, which is down by -2.6% against the previous year. In general, the import price, however, enjoyed significant growth. The pace of growth was the most pronounced in 2017 an increase of 632% against the previous year. As a result, import price attained the peak level of $1,862 per kg. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,585,271 per ton), while the price for the United States amounted to $648,438 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+90.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Reels Imports in Nigeria
In 2022, purchases abroad of fishing reelses decreased by -95.5% to 4 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 450%.
In value terms, fishing reels imports reduced dramatically to $6.2K in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 1,520%.
| Import of Fishing Reels in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 9.2 | 136 | 5.8 | 79.7% |
| United States | N/A | 8.2 | 1.3 | 0.2 | -84.4% |
| Others | 0.4 | 5.3 | 4.9 | 0.2 | -20.6% |
| Total | 1.4 | 22.7 | 142 | 6.2 | 64.2% |
Top Suppliers of Fishing Reels to Nigeria in 2022:
- China (4.0 kg)
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