Price for Fish-Hooks; Whether or Not Snelled in Japan - 2023
Contents:
- Price for Fish-Hooks; Whether or Not Snelled in Japan (CIF) - 2023
- Price for Fish-Hooks; Whether or Not Snelled in Japan (FOB) - 2023
- Imports of Fish-Hooks; Whether or Not Snelled in Japan
- Exports of Fish-Hooks; Whether or Not Snelled in Japan
Price for Fish-Hooks; Whether or Not Snelled in Japan (CIF) - 2023
In July 2023, the average import price for fish-hooks; whether or not snelleds amounted to $43,979 per ton, with a decrease of -9.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 20% month-to-month. As a result, import price attained the peak level of $53,149 per ton. From December 2022 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($89,404 per ton), while the price for China ($37,514 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fish-Hooks; Whether or Not Snelled in Japan (FOB) - 2023
In July 2023, the average export price for fish-hooks; whether or not snelleds amounted to $89,599 per ton, increasing by 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 24% month-to-month. As a result, the export price reached the peak level of $97,501 per ton. From February 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Singapore ($194K per ton), while the average price for exports to India ($27,648 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish-Hooks; Whether or Not Snelled in Japan
After three years of growth, purchases abroad of fish-hooks; whether or not snelleds decreased by -0.6% to 2.9K tons in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports reached the peak of 3K tons, leveling off in the following year.
In value terms, fish-hooks; whether or not snelled imports stood at $131M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 40%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Fish-Hooks; Whether or Not Snelled in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.8 | 57.2 | 82.3 | 74.4 | 10.7% |
| Vietnam | 11.9 | 11.9 | 12.6 | 17.2 | 13.1% |
| Philippines | 10.6 | 9.1 | 11.4 | 14.8 | 11.8% |
| Indonesia | 4.3 | 5.6 | 11.4 | 13.6 | 46.8% |
| Thailand | 2.7 | 2.9 | 4.6 | 4.8 | 21.1% |
| Others | 5.2 | 5.4 | 6.4 | 6.3 | 6.6% |
| Total | 89.4 | 92.0 | 129 | 131 | 13.6% |
Top Suppliers of Fish-Hooks; Whether or Not Snelled to Japan in 2022:
- China (2135.6 tons)
- Vietnam (268.1 tons)
- Philippines (201.9 tons)
- Indonesia (190.9 tons)
- Thailand (70.9 tons)
Exports of Fish-Hooks; Whether or Not Snelled in Japan
In 2022, exports of fish-hooks; whether or not snelleds from Japan stood at 889 tons, almost unchanged from 2021 figures. The total export volume increased at an average annual rate of +10.6% 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 when exports increased by 27%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, fish-hooks; whether or not snelled exports reduced to $69M in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $80M, and then dropped in the following year.
| Export of Fish-Hooks; Whether or Not Snelled in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.4 | 8.0 | 9.5 | 9.3 | 7.9% |
| China | 8.7 | 9.0 | 10.0 | 8.8 | 0.4% |
| Thailand | 2.6 | 3.9 | 5.8 | 5.3 | 26.8% |
| South Korea | 4.7 | 3.6 | 5.0 | 4.9 | 1.4% |
| Vietnam | 3.0 | 4.3 | 5.1 | 4.4 | 13.6% |
| France | 3.0 | 2.4 | 3.9 | 3.7 | 7.2% |
| Philippines | 3.8 | 4.1 | 4.5 | 3.4 | -3.6% |
| Indonesia | 0.7 | 1.1 | 1.6 | 2.2 | 46.5% |
| Russia | 2.6 | 2.6 | 2.8 | 2.1 | -6.9% |
| Singapore | 3.6 | 2.7 | 2.8 | 2.0 | -17.8% |
| Taiwan (Chinese) | 1.9 | 2.1 | 2.4 | 1.6 | -5.6% |
| Mali | 0.8 | 1.1 | 0.9 | 0.8 | 0.0% |
| Myanmar | N/A | N/A | N/A | 0.3 | 0% |
| Others | 23.2 | 22.8 | 25.8 | 20.3 | -4.4% |
| Total | 66.0 | 67.7 | 80.1 | 69.0 | 1.5% |
Top Export Markets for Fish-Hooks; Whether or Not Snelled from Japan in 2022:
- China (136.7 tons)
- United States (120.2 tons)
- Vietnam (88.4 tons)
- Thailand (68.2 tons)
- South Korea (60.1 tons)
- Philippines (47.8 tons)
- France (43.2 tons)
- Taiwan (Chinese) (30.4 tons)
- Indonesia (24.6 tons)
- Mali (24.0 tons)
- Russia (20.4 tons)
- Singapore (15.2 tons)
- Myanmar (13.6 tons)
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