Fishing Reels Price in South Korea - 2022
Contents:
- Fishing Reels Price in South Korea (FOB) - 2022
- Fishing Reels Price in South Korea (CIF) - 2022
- Fishing Reels Exports in South Korea
- Fishing Reels Imports in South Korea
Fishing Reels Price in South Korea (FOB) - 2022
The average fishing reels export price stood at $79,514 per ton in 2022, which is down by -4.4% against the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2020 an increase of 5.8%. Over the period under review, the average export prices attained the maximum at $126,004 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($115,090 per ton), while the average price for exports to Indonesia ($8,212 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 the United Arab Emirates (-1.4%), while the prices for the other major destinations experienced a decline.
Fishing Reels Price in South Korea (CIF) - 2022
In 2022, the average fishing reels import price amounted to $42,745 per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 53%. Over the period under review, average import prices hit record highs at $64,082 per ton in 2016; however, from 2017 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 Japan ($253,053 per ton), while the price for China ($21,867 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Fishing Reels Exports in South Korea
After three years of growth, overseas shipments of fishing reelses decreased by -11.4% to 662 tons in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of 747 tons, and then reduced in the following year.
In value terms, fishing reels exports dropped rapidly to $53M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.5% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 44%. As a result, the exports reached the peak of $62M, and then reduced sharply in the following year.
| Export of Fishing Reels in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.7 | 29.5 | 37.3 | 34.9 | 8.0% |
| Japan | 4.8 | 4.4 | 4.3 | 4.0 | -5.9% |
| China | 0.3 | 3.0 | 2.6 | 2.4 | 100.0% |
| Paraguay | 0.9 | 0.1 | 0.9 | 1.6 | 21.1% |
| Australia | 0.3 | 0.7 | 1.3 | 1.2 | 58.7% |
| United Arab Emirates | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Indonesia | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 5.2 | 5.0 | 15.2 | 8.0 | 15.4% |
| Total | 39.7 | 43.1 | 62.1 | 52.6 | 9.8% |
Top Export Markets for Fishing Reels from South Korea in 2022:
- United States (358.4 tons)
- China (98.8 tons)
- Japan (34.9 tons)
- United Arab Emirates (17.9 tons)
- Paraguay (17.0 tons)
- Indonesia (16.3 tons)
- Australia (13.0 tons)
Fishing Reels Imports in South Korea
In 2022, overseas purchases of fishing reelses decreased by -21% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 94%. As a result, imports attained the peak of 1.4K tons, and then fell markedly in the following year.
In value terms, fishing reels imports dropped rapidly to $46M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 77%. As a result, imports reached the peak of $59M, and then contracted significantly in the following year.
| Import of Fishing Reels in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.6 | 10.7 | 16.7 | 16.4 | 29.2% |
| Japan | 16.8 | 14.0 | 16.3 | 16.4 | -0.8% |
| Malaysia | 5.1 | 6.3 | 7.3 | 7.2 | 12.2% |
| Vietnam | 1.9 | 1.6 | 4.7 | 4.6 | 34.3% |
| Others | 1.4 | 0.7 | 13.8 | 1.3 | -2.4% |
| Total | 32.9 | 33.3 | 58.8 | 46.0 | 11.8% |
Top Suppliers of Fishing Reels to South Korea in 2022:
- China (751.3 tons)
- Malaysia (154.0 tons)
- Vietnam (94.6 tons)
- Japan (64.9 tons)
410
This report provides an in-depth analysis of the fishing rod market in Republic of Korea.
627
This report provides an in-depth analysis of the global fishing rod market.
410
This report provides an in-depth analysis of the fishing rod market in Republic of Korea.
627
This report provides an in-depth analysis of the global fishing rod market.
1034
In 2016, the global fishing rod imports totaled X tons, approximately reflecting the previous year level. In general, fishing rod imports continue to indicate a relatively flat trend pattern. The...
1012
In 2016, the global fishing rod imports totaled X tons, approximately reflecting the previous year level. In general, fishing rod imports continue to indicate a relatively flat trend pattern. The...
