Fishing Rods Price in Kuwait - 2022

Contents:

1. Fishing Rods Price in Kuwait (CIF) - 2022
2. Fishing Rods Price in Kuwait (FOB) - 2022
3. Fishing Rods Imports in Kuwait
4. Fishing Rods Exports in Kuwait

Fishing Rods Price in Kuwait (CIF) - 2022

In 2022, the average fishing rods import price amounted to $20,321 per ton, approximately equating the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing rods import price increased by +69.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 63%. Over the period under review, average import prices reached the peak figure at $27,049 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($49,721 per ton), while the price for China ($10,297 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Fishing Rods Price in Kuwait (FOB) - 2022

In 2022, the average fishing rods export price amounted to $44,482 per ton, surging by 3.4% against the previous year. Overall, the export price enjoyed a tangible expansion. The pace of growth was the most pronounced in 2015 an increase of 137%. The export price peaked at $59,828 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($84,415 per ton), while the average price for exports to Qatar stood at $39,518 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.9%).

Fishing Rods Imports in Kuwait

In 2022, fishing rods imports into Kuwait fell to 13 tons, waning by -13.8% against the year before. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of 15 tons, and then reduced in the following year.

In value terms, fishing rods imports shrank to $264K in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 52%.

Top Suppliers of Fishing Rods to Kuwait in 2022:

1. China (9.9 tons)
2. Japan (0.5 tons)
3. United States (0.3 tons)
4. Vietnam (0.3 tons)
5. South Korea (0.3 tons)

Fishing Rods Exports in Kuwait

After three years of growth, overseas shipments of fishing rodses decreased by -40.1% to 185 kg in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 151% against the previous year. As a result, the exports attained the peak of 309 kg, and then declined rapidly in the following year.

In value terms, fishing rods exports reduced sharply to $8.2K in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 315%. As a result, the exports reached the peak of $13K, and then declined notably in the following year.

Top Export Markets for Fishing Rods from Kuwait in 2022:

1. Qatar (167.0 kg)
2. United Arab Emirates (13.0 kg)

Source: IndexBox Market Intelligence Platform