Price for Fish-Hooks; Whether or Not Snelled in Indonesia - 2022

Contents:

  1. Price for Fish-Hooks; Whether or Not Snelled in Indonesia (FOB) - 2022
  2. Price for Fish-Hooks; Whether or Not Snelled in Indonesia (CIF) - 2022
  3. Exports of Fish-Hooks; Whether or Not Snelled in Indonesia
  4. Imports of Fish-Hooks; Whether or Not Snelled in Indonesia

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

In March 2022, the average export price for fish-hooks; whether or not snelleds amounted to $60,683 per ton, falling by -14.3% against the previous month. Overall, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in September 2021 when the average export price increased by 21% m-o-m. The export price peaked at $74,747 per ton in March 2021; however, from April 2021 to March 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was France ($141K per ton), while the average price for exports to Malaysia ($22,094 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for fish-hooks; whether or not snelleds stood at $10,050 per ton in 2022, rising by 53% against the previous year. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in 2013 when the average import price increased by 58% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($59,675 per ton), while the price for China ($6,605 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth consecutive year, Indonesia recorded growth in overseas shipments of fish-hooks; whether or not snelleds, which increased by 40% to 393 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, fish-hooks; whether or not snelled exports skyrocketed to $23M in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 103%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Fish-Hooks; Whether or Not Snelled in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan4.14.811.115.656.1%
France1.11.61.92.734.9%
United States0.10.51.21.7157.1%
SingaporeN/A0.20.50.8100.0%
Australia0.10.10.40.681.7%
Malaysia0.20.30.30.535.7%
United Arab Emirates0.30.30.20.30.0%
New Zealand0.10.10.10.226.0%
Others0.40.40.81.035.7%
Total6.58.216.623.453.3%

Top Export Markets for Fish-Hooks; Whether or Not Snelled from Indonesia in 2022:

  1. Japan (243.1 tons)
  2. United States (55.1 tons)
  3. France (21.2 tons)
  4. Malaysia (18.7 tons)
  5. Singapore (14.5 tons)
  6. Australia (8.2 tons)
  7. New Zealand (7.9 tons)
  8. United Arab Emirates (5.1 tons)

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

In 2022, overseas purchases of fish-hooks; whether or not snelleds decreased by -31.3% to 913 tons, falling for the second year in a row after two years of growth. In general, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -36.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 65% against the previous year. As a result, imports reached the peak of 1.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, fish-hooks; whether or not snelled imports expanded notably to $9.2M in 2022. The total import value increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Fish-Hooks; Whether or Not Snelled in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.43.64.34.59.8%
South Korea1.71.41.81.93.8%
Japan0.50.61.41.544.2%
Taiwan (Chinese)0.30.40.40.410.1%
Others0.90.80.91.03.6%
Total6.76.98.79.211.1%

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

  1. China (674.8 tons)
  2. Japan (108.2 tons)
  3. South Korea (63.8 tons)
  4. Taiwan (Chinese) (38.4 tons)

Source: IndexBox Market Intelligence Platform

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