Fishing Rods Price in Saudi Arabia - 2021

Fishing Rods Price in Saudi Arabia (CIF) - 2022

The average fishing rods import price stood at $7,683 per ton in 2021, dropping by -22.9% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 34%. The import price peaked at $20,147 per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($16,683 per ton), while the price for Egypt ($637 per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.7%), while the prices for the other major suppliers experienced a decline.

Fishing Rods Price in Saudi Arabia (FOB) - 2022

The average fishing rods export price stood at $26,227 per ton in 2022, shrinking by -4.8% against the previous year. Over the period under review, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 146% against the previous year. As a result, the export price attained the peak level of $87,576 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +12.1% per year.

Fishing Rods Imports in Saudi Arabia

In 2021, approx. 64 tons of fishing rodses were imported into Saudi Arabia; jumping by 36% compared with the year before. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 106%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, fishing rods imports rose to $493K in 2021. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 168%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Import of Fishing Rods in Saudi Arabia (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	99.4	220	233	53.1%
Taiwan (Chinese)	12.3	39.6	82.6	159.1%
South Korea	N/A	59.0	56.6	-4.1%
Egypt	N/A	N/A	1.5	0%
Others	64.3	152	119	36.0%
Total	176	471	493	67.4%

Top Suppliers of Fishing Rods to Saudi Arabia in 2022:

China (44.0 tons)
South Korea (7.6 tons)
Taiwan (Chinese) (4.9 tons)
Egypt (2.4 tons)

Fishing Rods Exports in Saudi Arabia

In 2022, the amount of fishing rodses exported from Saudi Arabia totaled 22 kg, remaining constant against 2021. In general, exports recorded a relatively flat trend pattern. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, fishing rods exports declined modestly to $577 in 2022. The total export value increased at an average annual rate of +2.6% from 2020 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 11%. As a result, the exports reached the peak of $606, and then contracted modestly in the following year.