Fishing Rods Price in Azerbaijan - 2023

Fishing Rods Price in Azerbaijan (CIF) - 2022

The average fishing rods import price stood at $3,248 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a drastic downturn. The growth pace was the most rapid in 2019 an increase of 8.1%. The import price peaked at $14,353 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($10,513 per ton), while the price for China amounted to $2,979 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.3%).

Fishing Rods Price in Azerbaijan (FOB) - 2022

In 2022, the average fishing rods export price amounted to $2,500 per ton, almost unchanged from the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 a decrease of 99.9%. The export price peaked at $8,000 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2016 to 2022, the rate of growth in terms of prices for Georgia amounted to -9.5% per year.

Fishing Rods Imports in Azerbaijan

In 2022, after three years of growth, there was significant decline in purchases abroad of fishing rodses, when their volume decreased by -55.4% to 11 tons. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year.

In value terms, fishing rods imports fell significantly to $37K in 2022. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, imports attained the peak of $84K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Fishing Rods in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	60.9	80.2	78.4	32.6	-18.8%
Russia	0.4	0.7	3.2	3.4	104.1%
Others	3.2	3.2	1.7	0.7	-39.7%
Total	64.5	84.2	83.3	36.8	-17.1%

Top Suppliers of Fishing Rods to Azerbaijan in 2022:

China (10.9 tons)
Russia (0.3 tons)

Fishing Rods Exports in Azerbaijan

In 2022, after two years of decline, there was significant decline in shipments abroad of fishing rodses, when their volume decreased by -50% to 14 kg. Overall, exports, however, saw a significant increase.

In value terms, fishing rods exports reduced dramatically to $35 in 2022. Over the period under review, exports, however, enjoyed a significant increase.