Fishing Reels Price in Saudi Arabia - 2021

Fishing Reels Price in Saudi Arabia (CIF) - 2022

In 2022, the average fishing reels import price amounted to $12,585 per ton, with a decrease of -9.6% against the previous year. In general, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 123% against the previous year. The import price peaked at $28,253 per ton in 2020; however, from 2021 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 the Netherlands ($48,266 per ton), while the price for India ($3,011 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+77.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Fishing Reels Price in Saudi Arabia (FOB) - 2022

The average fishing reels export price stood at $36,333 per ton in 2021, declining by -10.7% against the previous year. Over the period under review, the export price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2019 a decrease of -8.3% against the previous year. The export price peaked at $60,500 per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($349,704 per ton), while the average price for exports to the United Arab Emirates ($29,913 per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+33.9%).

Fishing Reels Imports in Saudi Arabia

In 2022, imports of fishing reelses into Saudi Arabia surged to 44 tons, increasing by 62% on the year before. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 69%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, fishing reels imports skyrocketed to $555K in 2022. In general, imports saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 130% against the previous year. As a result, imports reached the peak of $731K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Fishing Reels in Saudi Arabia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	N/A	442	N/A	146	-42.5%
South Africa	N/A	N/A	N/A	127	0%
China	56.4	70.1	126	79.1	11.9%
Malaysia	108	62.8	59.7	48.0	-23.7%
Japan	12.0	59.3	49.2	30.8	36.9%
India	5.2	N/A	37.2	23.3	64.9%
South Korea	36.2	16.6	32.9	20.6	-17.1%
Vietnam	10.3	10.5	5.6	5.5	-18.9%
Poland	39.7	N/A	N/A	5.4	-48.6%
Taiwan (Chinese)	2.7	3.1	1.5	1.5	-17.8%
Others	47.2	67.0	66.6	67.8	12.8%
Total	318	731	379	555	20.4%

Top Suppliers of Fishing Reels to Saudi Arabia in 2022:

China (22.6 tons)
India (7.7 tons)
South Africa (3.5 tons)
Netherlands (3.0 tons)
South Korea (2.5 tons)
Vietnam (1.0 tons)
Japan (1.0 tons)
Malaysia (0.6 tons)
Taiwan (Chinese) (0.3 tons)
Poland (0.2 tons)

Fishing Reels Exports in Saudi Arabia

Fishing reels exports from Saudi Arabia stood at 3 kg in 2021, approximately reflecting the year before. Overall, exports recorded a precipitous setback. The smallest decline of -75% was in 2020.

In value terms, fishing reels exports reduced to $109 in 2021. In general, exports faced a significant decline.

Export of Fishing Reels in Saudi Arabia (USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
United Arab Emirates	N/A	N/A	65.0	0%
Bahrain	N/A	N/A	39.0	0%
South Korea	N/A	122	N/A	0%
Ethiopia	666	N/A	N/A	0%
Others	N/A	N/A	5.0	0%
Total	666	122	109	-59.5%