Fishing Rods Price in Indonesia - 2022

Fishing Rods Price in Indonesia (FOB) - 2022

In 2022, the average fishing rods export price amounted to $124,023 per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.2%. The pace of growth was the most pronounced in 2013 when the average export price increased by 60% against the previous year. The export price peaked at $153,193 per ton in 2014; however, from 2015 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 the Netherlands ($154,458 per ton), while the average price for exports to the Philippines ($55,835 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 Australia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rods Price in Indonesia (CIF) - 2022

In 2022, the average fishing rods import price amounted to $3,136 per ton, which is down by -10% against the previous year. Overall, the import price recorded a noticeable slump. The pace of growth was the most pronounced in 2018 an increase of 59% against the previous year. The import price peaked at $14,804 per ton in 2019; however, from 2020 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 Singapore ($12,124 per ton), while the price for China totaled $1,976 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.4%).

Fishing Rods Exports in Indonesia

For the fourth consecutive year, Indonesia recorded growth in shipments abroad of fishing rodses, which increased by 1.6% to 288 tons in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.9% 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 +59.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fishing rods exports totaled $36M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +49.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Fishing Rods in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	17.2	17.2	20.7	21.0	6.9%
China	4.9	8.2	9.6	9.7	25.6%
United States	0.2	0.7	1.6	1.6	100.0%
Netherlands	0.3	0.5	1.0	1.1	54.2%
Singapore	0.2	0.4	0.5	0.6	44.2%
South Korea	0.7	0.2	0.5	0.5	-10.6%
Philippines	0.1	0.2	0.4	0.4	58.7%
Others	0.3	0.3	1.0	0.9	44.2%
Total	23.9	27.7	35.3	35.8	14.4%

Top Export Markets for Fishing Rods from Indonesia in 2022:

Japan (166.6 tons)
China (74.4 tons)
United States (14.9 tons)
Philippines (7.4 tons)
Singapore (6.9 tons)
Netherlands (6.8 tons)
South Korea (3.9 tons)

Fishing Rods Imports in Indonesia

For the fourth year in a row, Indonesia recorded growth in overseas purchases of fishing rodses, which increased by 11% to 5.9K tons in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 256%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, fishing rods imports reduced slightly to $18M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports attained the peak of $18M, leveling off in the following year.