Price for Fish-Hooks; Whether or Not Snelled in Vietnam - 2021

Contents:

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

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

The average export price for fish-hooks; whether or not snelleds stood at $39,242 per ton in 2022, dropping by -1.8% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish-hooks; whether or not snelled export price decreased by -2.2% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 38% against the previous year. As a result, the export price reached the peak level of $40,139 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($52,201 per ton), while the average price for exports to Sri Lanka ($2,558 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 South Korea (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for fish-hooks; whether or not snelleds stood at $17,212 per ton in 2022, increasing by 3.2% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of 47%. As a result, import price attained the peak level of $25,461 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 ($50,976 per ton), while the price for South Korea ($5,455 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 469 tons of fish-hooks; whether or not snelleds were exported from Vietnam; surging by 1.7% against 2021 figures. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports reached the peak of 494 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fish-hooks; whether or not snelled exports fell to $18M in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 3.6% against the previous year.

Export of Fish-Hooks; Whether or Not Snelled in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan11.911.912.612.82.5%
South Korea3.33.23.13.52.0%
United States0.40.50.70.614.5%
Australia0.40.70.40.3-9.1%
Sri LankaN/AN/AN/AN/A0%
Taiwan (Chinese)0.20.20.2N/A0.0%
Others1.61.91.41.2-9.1%
Total17.718.418.418.41.3%

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

  1. Japan (244.7 tons)
  2. South Korea (153.6 tons)
  3. United States (20.4 tons)
  4. Sri Lanka (8.2 tons)
  5. Australia (8.1 tons)

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

In 2022, overseas purchases of fish-hooks; whether or not snelleds decreased by -14.4% to 535 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 68%.

In value terms, fish-hooks; whether or not snelled imports dropped to $9.2M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 54%.

Import of Fish-Hooks; Whether or Not Snelled in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan3.04.25.04.312.7%
China1.32.64.43.741.7%
South Korea0.60.90.70.810.1%
Others0.30.20.30.410.1%
Total5.28.010.49.220.9%

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

  1. China (302.1 tons)
  2. South Korea (139.9 tons)
  3. Japan (84.7 tons)

Source: IndexBox Market Intelligence Platform

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