Fishing Reels Price in Hong Kong SAR - 2023
Contents:
- Fishing Reels Price in Hong Kong SAR (FOB) - 2022
- Fishing Reels Price in Hong Kong SAR (CIF) - 2022
- Fishing Reels Exports in Hong Kong SAR
- Fishing Reels Imports in Hong Kong SAR
Fishing Reels Price in Hong Kong SAR (FOB) - 2022
The average fishing reels export price stood at $75,505 per ton in 2022, falling by -3.3% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing reels export price decreased by -14.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $88,294 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($75,726 per ton) and Australia ($75,726 per ton), while the average price for exports to Germany ($69,022 per ton) and China ($75,725 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Fishing Reels Price in Hong Kong SAR (CIF) - 2022
The average fishing reels import price stood at $70,122 per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14%. The import price peaked at $70,758 per ton in 2021, and then shrank slightly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($70,162 per ton), while the price for China totaled $70,162 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.4%).
Fishing Reels Exports in Hong Kong SAR
After three years of growth, overseas shipments of fishing reelses decreased by -9.4% to 808 tons in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 83%. As a result, the exports attained the peak of 891 tons, and then contracted in the following year.
In value terms, fishing reels exports dropped to $61M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 104%.
| Export of Fishing Reels in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.4 | 9.6 | 19.8 | 17.2 | 250.3% |
| China | 2.0 | 10.2 | 16.3 | 14.2 | 92.2% |
| United States | 7.4 | 7.0 | 15.1 | 13.1 | 21.0% |
| Australia | 1.9 | 2.0 | 3.7 | 3.2 | 19.0% |
| France | 0.9 | 0.9 | 3.5 | 3.1 | 51.0% |
| Netherlands | N/A | N/A | 2.7 | 2.3 | -14.8% |
| Vietnam | N/A | 1.4 | 1.5 | 1.3 | -3.6% |
| United Kingdom | 0.9 | 0.5 | 1.4 | 1.2 | 10.1% |
| Germany | 1.1 | 2.1 | 0.8 | 1.2 | 2.9% |
| Others | 2.8 | 1.8 | 4.7 | 4.1 | 13.6% |
| Total | 17.4 | 35.6 | 69.6 | 61.0 | 51.9% |
Top Export Markets for Fishing Reels from Hong Kong SAR in 2022:
- Japan (227.6 tons)
- China (186.9 tons)
- United States (173.2 tons)
- Australia (42.1 tons)
- France (40.7 tons)
- Netherlands (30.9 tons)
- Vietnam (17.7 tons)
- Germany (17.0 tons)
- United Kingdom (16.1 tons)
Fishing Reels Imports in Hong Kong SAR
In 2022, after three years of growth, there was decline in overseas purchases of fishing reelses, when their volume decreased by -2% to 901 tons. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 148% against the previous year. As a result, imports attained the peak of 919 tons, and then fell slightly in the following year.
In value terms, fishing reels imports dropped slightly to $63M in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 154%. As a result, imports reached the peak of $65M, and then contracted modestly in the following year.
| Import of Fishing Reels in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.7 | 19.1 | 48.9 | 47.4 | 51.2% |
| Japan | 5.6 | 6.3 | 14.7 | 14.2 | 36.4% |
| Others | 0.9 | 0.2 | 1.4 | 1.6 | 21.1% |
| Total | 20.2 | 25.6 | 65.0 | 63.1 | 46.2% |
Top Suppliers of Fishing Reels to Hong Kong SAR in 2022:
- China (675.0 tons)
- Japan (202.9 tons)
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