Fishing Reels Price in Vietnam - 2021
Contents:
- Fishing Reels Price in Vietnam (FOB) - 2022
- Fishing Reels Price in Vietnam (CIF) - 2022
- Fishing Reels Exports in Vietnam
- Fishing Reels Imports in Vietnam
Fishing Reels Price in Vietnam (FOB) - 2022
The average fishing reels export price stood at $75,431 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 +3.1%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 24%. The export price peaked at $77,986 per ton in 2021, and then dropped slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($116,677 per ton), while the average price for exports to France ($71,363 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 Germany (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Fishing Reels Price in Vietnam (CIF) - 2022
In 2022, the average fishing reels import price amounted to $70,706 per ton, leveling off at the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +9.7% 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 -3.4% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 38%. Over the period under review, average import prices hit record highs at $73,168 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 Japan ($71,722 per ton) and Thailand ($71,722 per ton), while the price for the United States ($62,181 per ton) and China ($70,368 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Reels Exports in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of fishing reelses, when their volume decreased by -14.1% to 819 tons. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of 954 tons, and then declined in the following year.
In value terms, fishing reels exports declined sharply to $62M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value 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, exports increased by +52.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, the exports reached the peak of $74M, and then shrank sharply in the following year.
| Export of Fishing Reels in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.8 | 14.5 | 23.9 | 20.8 | 14.7% |
| United States | 5.4 | 6.7 | 8.5 | 7.4 | 11.1% |
| South Korea | 2.1 | 1.8 | 6.5 | 5.6 | 38.7% |
| Germany | 4.8 | 8.4 | 2.3 | 5.4 | 4.0% |
| China | 4.4 | 4.7 | 5.4 | 4.8 | 2.9% |
| France | 3.1 | 4.1 | 4.5 | 3.8 | 7.0% |
| Russia | 0.1 | 0.6 | 4.0 | 3.5 | 227.1% |
| Australia | 0.8 | 1.3 | 1.8 | 1.5 | 23.3% |
| Italy | 0.8 | 1.1 | 1.6 | 1.4 | 20.5% |
| United Kingdom | 1.2 | 1.2 | 1.4 | 1.3 | 2.7% |
| Finland | 0.7 | 1.0 | 1.1 | 0.9 | 8.7% |
| Others | 3.3 | 3.7 | 13.5 | 5.2 | 16.4% |
| Total | 40.6 | 49.2 | 74.4 | 61.8 | 15.0% |
Top Export Markets for Fishing Reels from Vietnam in 2022:
- Japan (287.9 tons)
- United States (102.9 tons)
- South Korea (77.9 tons)
- China (65.1 tons)
- France (53.7 tons)
- Russia (48.8 tons)
- Germany (46.0 tons)
- Australia (21.2 tons)
- Italy (19.0 tons)
- United Kingdom (16.5 tons)
- Finland (12.7 tons)
Fishing Reels Imports in Vietnam
In 2022, approx. 13 tons of fishing reelses were imported into Vietnam; rising by 12% on 2021 figures. The total import volume increased at an average annual rate of +9.3% 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 when imports increased by 39%. As a result, imports reached the peak of 13 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, fishing reels imports amounted to $889K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 decreased by -9.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 65% against the previous year. As a result, imports attained the peak of $978K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Fishing Reels in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 241 | 584 | 383 | 420 | 20.3% |
| Japan | 219 | 329 | 315 | 335 | 15.2% |
| Taiwan (Chinese) | 14.3 | 2.1 | 40.8 | 43.5 | 44.9% |
| Thailand | 33.0 | 39.5 | 39.3 | 41.8 | 8.2% |
| United States | 66.3 | 0.7 | 0.5 | 23.4 | -29.3% |
| Others | 20.4 | 22.7 | 22.4 | 25.7 | 8.0% |
| Total | 594 | 978 | 800 | 889 | 14.4% |
Top Suppliers of Fishing Reels to Vietnam in 2022:
- China (6.0 tons)
- Japan (4.7 tons)
- Taiwan (Chinese) (0.6 tons)
- Thailand (0.6 tons)
- United States (0.4 tons)
1043
This report provides an in-depth analysis of the fishing rod market in Vietnam.
703
This report provides an in-depth analysis of the global fishing rod market.
1043
This report provides an in-depth analysis of the fishing rod market in Vietnam.
703
This report provides an in-depth analysis of the global fishing rod market.
1124
In 2016, the global fishing rod imports totaled X tons, approximately reflecting the previous year level. In general, fishing rod imports continue to indicate a relatively flat trend pattern. The...
1103
In 2016, the global fishing rod imports totaled X tons, approximately reflecting the previous year level. In general, fishing rod imports continue to indicate a relatively flat trend pattern. The...
