Fishing Reels Price in Malaysia - 2021
Contents:
- Fishing Reels Price in Malaysia (FOB) - 2022
- Fishing Reels Price in Malaysia (CIF) - 2022
- Fishing Reels Exports in Malaysia
- Fishing Reels Imports in Malaysia
Fishing Reels Price in Malaysia (FOB) - 2022
The average fishing reels export price stood at $75,504 per ton in 2022, reducing by -3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2015 an increase of 24% against the previous year. The export price peaked at $78,062 per ton in 2021, and then declined modestly in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($75,549 per ton) and South Korea ($75,549 per ton), while the average price for exports to the United States ($75,548 per ton) and the Netherlands ($75,548 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 China (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Fishing Reels Price in Malaysia (CIF) - 2022
In 2022, the average fishing reels import price amounted to $70,123 per ton, flattening at the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing reels import price decreased by -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure at $71,246 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($70,210 per ton) and Singapore ($70,209 per ton), while the price for the United States ($67,924 per ton) and Thailand ($70,208 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Reels Exports in Malaysia
In 2022, exports of fishing reelses from Malaysia rose markedly to 2.2K tons, surging by 14% against the previous year. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. As a result, the exports reached the peak of 2.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, fishing reels exports reached $165M in 2022. The total export value increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 45%. As a result, the exports reached the peak of $180M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Fishing Reels in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 29.2 | 48.6 | 44.5 | 48.7 | 18.6% |
| United States | 34.6 | 49.2 | 35.8 | 39.2 | 4.2% |
| Netherlands | 13.5 | 23.7 | 20.4 | 22.4 | 18.4% |
| China | 13.0 | 21.7 | 12.4 | 14.5 | 3.7% |
| Australia | 10.0 | 10.4 | 11.5 | 12.6 | 8.0% |
| Singapore | 6.8 | 7.8 | 8.3 | 9.1 | 10.2% |
| South Korea | 3.9 | 5.7 | 5.4 | 5.9 | 14.8% |
| Belgium | 4.1 | 1.9 | 2.3 | 2.8 | -11.9% |
| Others | 9.7 | 11.2 | 9.0 | 9.8 | 0.3% |
| Total | 125 | 180 | 150 | 165 | 9.7% |
Top Export Markets for Fishing Reels from Malaysia in 2022:
- Japan (645.1 tons)
- United States (518.6 tons)
- Netherlands (296.0 tons)
- China (192.2 tons)
- Australia (167.3 tons)
- Singapore (120.4 tons)
- South Korea (77.6 tons)
- Belgium (39.9 tons)
Fishing Reels Imports in Malaysia
In 2022, overseas purchases of fishing reelses decreased by -10.1% to 264 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.6% 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 with an increase of 29%. As a result, imports attained the peak of 294 tons, and then fell in the following year.
In value terms, fishing reels imports contracted to $19M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +38.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of $21M, and then dropped in the following year.
| Import of Fishing Reels in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 6.2 | 9.6 | 8.5 | 22.7% |
| Japan | 4.9 | 4.7 | 5.0 | 4.4 | -3.5% |
| Singapore | 1.7 | 3.3 | 4.0 | 3.5 | 27.2% |
| Vietnam | 0.6 | 1.0 | 1.0 | 0.9 | 14.5% |
| Thailand | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| South Korea | 0.3 | 0.1 | 0.4 | 0.3 | 0.0% |
| United States | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Hong Kong SAR | 0.5 | 0.2 | N/A | 0.2 | -26.3% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 13.4 | 16.3 | 20.8 | 18.5 | 11.3% |
Top Suppliers of Fishing Reels to Malaysia in 2022:
- China (120.6 tons)
- Japan (63.0 tons)
- Singapore (49.7 tons)
- Vietnam (12.2 tons)
- Thailand (5.4 tons)
- South Korea (4.8 tons)
- Hong Kong SAR (3.6 tons)
- United States (3.4 tons)
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