Fishing Reels Price in Turkey - 2023

Fishing Reels Price in Turkey (CIF) - 2022

In 2022, the average fishing reels import price amounted to $25,399 per ton, picking up by 13% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing reels import price increased by +32.3% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 41% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($78,836 per ton), while the price for China ($21,007 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Fishing Reels Price in Turkey (FOB) - 2022

The average fishing reels export price stood at $24,161 per ton in 2022, jumping by 25% against the previous year. Over the period under review, the export price posted a temperate increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 111% against the previous year. Over the period under review, the average export prices hit record highs at $41,348 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Azerbaijan ($54,641 per ton), while the average price for exports to Iraq ($10,517 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 Azerbaijan (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Reels Imports in Turkey

In 2022, supplies from abroad of fishing reelses decreased by -36.5% to 147 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 62%. As a result, imports attained the peak of 250 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, fishing reels imports fell markedly to $3.7M in 2022. In general, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year.

Import of Fishing Reels in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.1	3.3	4.0	2.7	8.7%
Malaysia	0.6	0.6	0.4	0.4	-12.6%
Japan	0.2	0.4	0.4	0.3	14.5%
Vietnam	0.2	0.5	0.2	0.2	0.0%
Others	0.2	0.2	0.2	0.1	-20.6%
Total	3.3	4.8	5.2	3.7	3.9%

Top Suppliers of Fishing Reels to Turkey in 2022:

China (130.6 tons)
Malaysia (8.6 tons)
Japan (3.4 tons)
Vietnam (2.8 tons)

Fishing Reels Exports in Turkey

Fishing reels exports from Turkey contracted sharply to 2.6 tons in 2022, reducing by -19.7% compared with the year before. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 272% against the previous year. As a result, the exports attained the peak of 3.3 tons, and then reduced rapidly in the following year.

In value terms, fishing reels exports reduced slightly to $63K in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 171%. As a result, the exports attained the peak of $63K, leveling off in the following year.

Export of Fishing Reels in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cyprus	17.5	16.7	31.8	33.2	23.8%
Israel	2.1	3.1	15.7	16.4	98.4%
Greece	1.0	0.2	8.8	9.2	109.5%
Azerbaijan	2.1	2.7	N/A	2.5	6.0%
Iraq	1.6	0.2	1.9	2.0	7.7%
Qatar	2.7	N/A	N/A	N/A	0%
Libya	0.9	N/A	N/A	N/A	0%
Mauritania	N/A	N/A	4.2	N/A	0%
Others	2.2	0.5	0.8	N/A	-39.7%
Total	30.1	23.3	63.3	63.3	28.1%