Fishing Reels Price in South Africa - 2023

Contents:

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

Fishing Reels Price in South Africa (CIF) - 2022

In 2022, the average fishing reels import price amounted to $60,916 per ton, declining by -14.6% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 10%. As a result, import price reached the peak level of $117,162 per ton. From 2014 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 countries with the highest prices were Vietnam ($60,919 per ton) and Japan ($60,919 per ton), while the price for Thailand ($60,919 per ton) and South Korea ($60,919 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.3%), while the prices for the other major suppliers experienced a decline.

Fishing Reels Price in South Africa (FOB) - 2022

In 2022, the average fishing reels export price amounted to $130,425 per ton, picking up by 230% against the previous year. Overall, the export price showed a tangible increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($663,978 per ton), while the average price for exports to Kuwait ($69,284 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+77.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Reels Imports in South Africa

In 2022, the amount of fishing reelses imported into South Africa soared to 154 tons, rising by 55% on the previous year's figure. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fishing reels imports skyrocketed to $9.4M in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Fishing Reels to South Africa in 2022:

1. China (66.9 tons)
2. Malaysia (44.2 tons)
3. Japan (29.4 tons)
4. Vietnam (4.2 tons)
5. South Korea (3.3 tons)

Fishing Reels Exports in South Africa

In 2022, after three years of growth, there was significant decline in overseas shipments of fishing reelses, when their volume decreased by -62.2% to 18 tons. Overall, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 104%.

In value terms, fishing reels exports surged to $2.3M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 57%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Fishing Reels from South Africa in 2022:

1. Mauritius (undefined tons)
2. Norway (undefined tons)
3. United States (3.0 tons)
4. Saudi Arabia (2.9 tons)
5. Qatar (2.5 tons)
6. Namibia (2.5 tons)
7. United Arab Emirates (1.8 tons)
8. Kuwait (1.8 tons)
9. Oman (1.0 tons)
10. Seychelles (0.4 tons)

Source: IndexBox Market Intelligence Platform