Price for Fish-Hooks; Whether or Not Snelled in the United States - 2023
Contents:
- Price for Fish-Hooks; Whether or Not Snelled in the United States (CIF) - 2022
- Price for Fish-Hooks; Whether or Not Snelled in the United States (FOB) - 2023
- Imports of Fish-Hooks; Whether or Not Snelled in the United States
- Exports of Fish-Hooks; Whether or Not Snelled in the United States
Price for Fish-Hooks; Whether or Not Snelled in the United States (CIF) - 2022
The average import price for fish-hooks; whether or not snelleds stood at $34,416 per ton in 2022, growing by 9.8% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2015 an increase of 18%. Over the period under review, average import prices hit record highs at $44,317 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 ($80,884 per ton), while the price for Mexico ($7,156 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish-Hooks; Whether or Not Snelled in the United States (FOB) - 2023
The average export price for fish-hooks; whether or not snelleds stood at $29,988 per ton in August 2023, which is down by -4.3% against the previous month. Over the period under review, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in January 2023 an increase of 66% against the previous month. As a result, the export price reached the peak level of $40,589 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($63,244 per ton), while the average price for exports to Latvia ($13,867 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish-Hooks; Whether or Not Snelled in the United States
In 2022, after three years of growth, there was significant decline in overseas purchases of fish-hooks; whether or not snelleds, when their volume decreased by -7% to 1.5K tons. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% 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 +64.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 46%. As a result, imports reached the peak of 1.6K tons, and then shrank in the following year.
In value terms, fish-hooks; whether or not snelled imports stood at $53M in 2022. Overall, total imports indicated a buoyant expansion 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 +52.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Fish-Hooks; Whether or Not Snelled in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.7 | 13.0 | 22.5 | 26.6 | 12.5% |
| Japan | 7.9 | 11.5 | 16.5 | 16.1 | 26.8% |
| Philippines | 3.4 | 2.5 | 3.2 | 3.1 | -3.0% |
| South Korea | 1.5 | 2.3 | 2.2 | 2.0 | 10.1% |
| France | 1.7 | 2.2 | 2.8 | 1.7 | 0.0% |
| Guatemala | 0.3 | 0.3 | 0.6 | 0.7 | 32.6% |
| Mexico | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Others | 2.1 | 2.2 | 3.3 | 2.1 | 0.0% |
| Total | 36.0 | 34.5 | 51.7 | 52.8 | 13.6% |
Top Suppliers of Fish-Hooks; Whether or Not Snelled to the United States in 2022:
- China (1053.1 tons)
- Japan (198.9 tons)
- Mexico (71.3 tons)
- Philippines (57.5 tons)
- South Korea (52.1 tons)
- Guatemala (35.6 tons)
- France (28.3 tons)
Exports of Fish-Hooks; Whether or Not Snelled in the United States
After three years of growth, shipments abroad of fish-hooks; whether or not snelleds decreased by -25.9% to 498 tons in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. As a result, the exports reached the peak of 672 tons, and then contracted notably in the following year.
In value terms, fish-hooks; whether or not snelled exports declined dramatically to $14M in 2022. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. As a result, the exports attained the peak of $21M, and then declined rapidly in the following year.
| Export of Fish-Hooks; Whether or Not Snelled in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 5.8 | 6.1 | 7.8 | 3.4 | -16.3% |
| Canada | 2.1 | 2.4 | 2.9 | 2.1 | 0.0% |
| China | 2.1 | 2.4 | 3.1 | 1.6 | -8.7% |
| United Arab Emirates | N/A | N/A | N/A | 1.4 | 0% |
| Mexico | 0.6 | 0.9 | 1.2 | 1.1 | 22.4% |
| Japan | 1.7 | 0.8 | 1.0 | 1.0 | -16.2% |
| Guatemala | 0.5 | 1.2 | 1.0 | 0.8 | 17.0% |
| Latvia | 0.9 | 0.7 | 0.4 | 0.5 | -17.8% |
| Philippines | 1.1 | 0.5 | 0.5 | 0.4 | -28.6% |
| Germany | 0.8 | 0.3 | 0.7 | 0.1 | -50.0% |
| Others | 3.0 | 2.6 | 2.2 | 2.2 | -9.8% |
| Total | 18.6 | 18.0 | 20.8 | 14.5 | -8.0% |
Top Export Markets for Fish-Hooks; Whether or Not Snelled from the United States in 2022:
- Costa Rica (127.4 tons)
- Mexico (87.5 tons)
- Guatemala (41.8 tons)
- Canada (39.9 tons)
- China (35.4 tons)
- Latvia (35.3 tons)
- Japan (30.1 tons)
- United Arab Emirates (25.3 tons)
- Philippines (9.2 tons)
- Germany (2.3 tons)
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