Fishing Rods Price in Egypt - 2023

Contents:

1. Fishing Rods Price in Egypt (CIF) - 2022
2. Fishing Rods Price in Egypt (FOB) - 2022
3. Fishing Rods Imports in Egypt
4. Fishing Rods Exports in Egypt

Fishing Rods Price in Egypt (CIF) - 2022

The average fishing rods import price stood at $58,066 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing rods import price increased by +10.9% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 53%. The import price peaked at $58,675 per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($58,066 per ton) and the UK ($58,066 per ton), while the price for South Korea ($58,066 per ton) and China ($58,066 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) (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Fishing Rods Price in Egypt (FOB) - 2022

The average fishing rods export price stood at $72,196 per ton in 2022, with an increase of 137% against the previous year. Overall, the export price showed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($72,197 per ton), while the average price for exports to Kenya stood at $72,177 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+3.3%), while the prices for the other major destinations experienced a decline.

Fishing Rods Imports in Egypt

In 2022, after three years of growth, there was significant decline in purchases abroad of fishing rodses, when their volume decreased by -68.3% to 2 tons. Over the period under review, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 40%.

In value terms, fishing rods imports fell rapidly to $115K in 2022. In general, imports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 41%.

Top Suppliers of Fishing Rods to Egypt in 2022:

1. China (1597.0 kg)
2. Taiwan (Chinese) (208.0 kg)
3. United Kingdom (94.0 kg)
4. South Korea (45.0 kg)
5. Japan (5.0 kg)

Fishing Rods Exports in Egypt

Fishing rods exports from Egypt shrank notably to 37 kg in 2022, with a decrease of -65.4% compared with the previous year. Overall, exports recorded a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 49%. As a result, the exports attained the peak of 107 kg, and then reduced notably in the following year.

In value terms, fishing rods exports contracted rapidly to $2.7K in 2022. Over the period under review, exports faced a deep reduction. The smallest decline of -9.1% was in 2021.

Top Export Markets for Fishing Rods from Egypt in 2022:

1. Libya (36.0 kg)
2. Kenya (2.0 kg)

Source: IndexBox Market Intelligence Platform