Fishing Reels Price in Thailand - 2023

Fishing Reels Price in Thailand (FOB) - 2022

The average fishing reels export price stood at $55,820 per ton in 2022, picking up by 17% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 127%. Over the period under review, the average export prices attained the peak figure at $178,039 per ton in 2016; however, from 2017 to 2022, 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 South Korea ($93,178 per ton), while the average price for exports to Japan ($28,170 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 South Korea (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Reels Price in Thailand (CIF) - 2022

The average fishing reels import price stood at $7,172 per ton in 2022, reducing by -5.9% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 20%. Over the period under review, average import prices hit record highs at $52,149 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($14,118 per ton), while the price for Malaysia ($4,839 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-12.2%), while the prices for the other major suppliers experienced a decline.

Fishing Reels Exports in Thailand

For the fourth consecutive year, Thailand recorded growth in shipments abroad of fishing reelses, which increased by 8.1% to 1.1K tons in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fishing reels exports surged to $61M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 53%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Fishing Reels in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.5	12.8	13.4	21.5	49.0%
United States	6.9	7.1	10.7	20.6	44.0%
Japan	8.2	9.2	17.7	11.9	13.2%
South Korea	1.1	0.3	0.9	1.7	15.6%
Others	2.8	2.1	5.3	5.3	23.7%
Total	25.5	31.5	48.1	60.9	33.7%

Top Export Markets for Fishing Reels from Thailand in 2022:

Japan (422.2 tons)
United States (314.0 tons)
China (247.7 tons)
South Korea (18.1 tons)

Fishing Reels Imports in Thailand

Fishing reels imports into Thailand surged to 2.6K tons in 2022, jumping by 39% compared with the previous year's figure. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 133% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, fishing reels imports soared to $19M in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 33%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Import of Fishing Reels in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.8	7.3	9.6	12.5	37.6%
Malaysia	2.0	1.6	1.8	2.7	10.5%
Japan	0.9	1.2	1.4	1.5	18.6%
Others	1.0	1.5	1.4	2.0	26.0%
Total	8.7	11.5	14.3	18.7	29.1%