Fishing Rods Price in South Korea - 2022
Contents:
- Fishing Rods Price in South Korea (CIF) - 2022
- Fishing Rods Price in South Korea (FOB) - 2022
- Fishing Rods Imports in South Korea
- Fishing Rods Exports in South Korea
Fishing Rods Price in South Korea (CIF) - 2022
The average fishing rods import price stood at $51,015 per ton in 2022, standing approx. at the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +30.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 31%. As a result, import price attained the peak level of $51,301 per ton, leveling off in the following year.
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 Japan ($334,841 per ton), while the price for China ($40,891 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Fishing Rods Price in South Korea (FOB) - 2022
In 2022, the average fishing rods export price amounted to $89,682 per ton, which is down by -11.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21%. The export price peaked at $101,066 per ton in 2021, and then reduced in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($254,374 per ton), while the average price for exports to Panama ($11,143 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 Japan (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Fishing Rods Imports in South Korea
In 2022, supplies from abroad of fishing rodses decreased by -9.9% to 914 tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of 1.1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, fishing rods imports fell to $47M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $52M, and then contracted in the following year.
| Import of Fishing Rods in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.5 | 30.5 | 39.7 | 34.5 | 12.1% |
| Japan | 7.5 | 7.8 | 6.7 | 6.9 | -2.7% |
| Vietnam | 1.5 | 1.1 | 3.3 | 3.3 | 30.1% |
| Others | 2.3 | 1.7 | 2.3 | 1.9 | -6.2% |
| Total | 35.7 | 41.2 | 52.1 | 46.6 | 9.3% |
Top Suppliers of Fishing Rods to South Korea in 2022:
- China (842.7 tons)
- Vietnam (34.9 tons)
- Japan (20.7 tons)
Fishing Rods Exports in South Korea
Fishing rods exports from South Korea reduced to 299 tons in 2022, with a decrease of -8.6% on 2021. In general, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.0% 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 +41.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 55% against the previous year. As a result, the exports reached the peak of 327 tons, and then declined in the following year.
In value terms, fishing rods exports fell significantly to $27M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.9% 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 +30.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $33M, and then declined notably in the following year.
| Export of Fishing Rods in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 7.4 | 15.2 | 10.2 | 10.3% |
| Japan | 3.7 | 3.5 | 5.2 | 4.7 | 8.3% |
| United Kingdom | 2.4 | 1.8 | 2.6 | 3.0 | 7.7% |
| Finland | 0.5 | 0.8 | 1.2 | 1.0 | 26.0% |
| Sweden | 1.4 | 0.9 | 1.5 | 1.0 | -10.6% |
| Germany | 0.8 | 0.5 | 0.9 | 0.9 | 4.0% |
| Canada | 0.4 | 0.2 | 0.5 | 0.8 | 26.0% |
| France | 1.5 | 1.1 | 1.3 | 0.8 | -18.9% |
| China | 0.4 | 0.7 | 0.7 | 0.7 | 20.5% |
| Russia | 1.1 | 0.6 | 0.6 | 0.7 | -14.0% |
| Panama | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Mauritania | N/A | N/A | N/A | N/A | 0% |
| Others | 2.7 | 2.8 | 3.2 | 3.0 | 3.6% |
| Total | 22.6 | 20.6 | 33.0 | 26.8 | 5.8% |
Top Export Markets for Fishing Rods from South Korea in 2022:
- United States (163.2 tons)
- United Kingdom (25.3 tons)
- Japan (18.3 tons)
- Canada (13.0 tons)
- Finland (11.3 tons)
- Sweden (11.2 tons)
- China (10.3 tons)
- Panama (7.2 tons)
- Germany (4.4 tons)
- France (3.7 tons)
- Russia (2.6 tons)
410
This report provides an in-depth analysis of the fishing rod market in Republic of Korea.
627
This report provides an in-depth analysis of the global fishing rod market.
410
This report provides an in-depth analysis of the fishing rod market in Republic of Korea.
627
This report provides an in-depth analysis of the global fishing rod market.
1033
In 2016, the global fishing rod imports totaled X tons, approximately reflecting the previous year level. In general, fishing rod imports continue to indicate a relatively flat trend pattern. The...
1011
In 2016, the global fishing rod imports totaled X tons, approximately reflecting the previous year level. In general, fishing rod imports continue to indicate a relatively flat trend pattern. The...
