Price for Fish-Hooks; Whether or Not Snelled in Egypt - 2023

Price for Fish-Hooks; Whether or Not Snelled in Egypt (CIF) - 2022

The average import price for fish-hooks; whether or not snelleds stood at $18,580 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 103% against the previous year. The import price peaked at $18,718 per ton in 2021, and then shrank slightly 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 India ($49,299 per ton), while the price for China ($5,709 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+31.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish-Hooks; Whether or Not Snelled in Egypt (FOB) - 2022

The average export price for fish-hooks; whether or not snelleds stood at $58,491 per ton in 2022, falling by -2.5% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 972% against the previous year. Over the period under review, the average export prices hit record highs at $118,000 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +31.6% per year.

Imports of Fish-Hooks; Whether or Not Snelled in Egypt

In 2022, after two years of decline, there was significant growth in overseas purchases of fish-hooks; whether or not snelleds, when their volume increased by 66% to 16 tons. In general, imports, however, recorded a sharp curtailment.

In value terms, fish-hooks; whether or not snelled imports soared to $298K in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Fish-Hooks; Whether or Not Snelled in Egypt (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	24.8	N/A	N/A	226	108.9%
China	108	94.4	36.3	64.5	-15.8%
Japan	58.4	30.4	22.2	1.5	-70.5%
South Korea	N/A	63.6	39.7	0.9	-88.1%
Others	27.6	49.8	82.9	5.4	-41.9%
Total	218	238	181	298	11.0%

Top Suppliers of Fish-Hooks; Whether or Not Snelled to Egypt in 2022:

Japan (undefined tons)
South Korea (undefined tons)
China (11.3 tons)
India (4.6 tons)

Exports of Fish-Hooks; Whether or Not Snelled in Egypt

In 2022, the amount of fish-hooks; whether or not snelleds exported from Egypt skyrocketed to 377 kg, jumping by 37,600% on the year before. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fish-hooks; whether or not snelled exports surged to $22K in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.