Fishing Rods Price in Hungary - 2023

Contents:

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

Fishing Rods Price in Hungary (CIF) - 2022

In 2022, the average fishing rods import price amounted to $33,554 per ton, increasing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 Serbia ($64,558 per ton), while the price for the Czech Republic ($6,577 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Fishing Rods Price in Hungary (FOB) - 2022

The average fishing rods export price stood at $41,451 per ton in 2022, with an increase of 16% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing rods export price increased by +50.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $47,001 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($130,952 per ton), while the average price for exports to the UK ($24,794 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 Turkey (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rods Imports in Hungary

In 2022, supplies from abroad of fishing rodses decreased by -15.1% to 170 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 +2.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of 201 tons, and then fell significantly in the following year.

In value terms, fishing rods imports reached $5.7M in 2022. The total import value increased at an average annual rate of +13.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Fishing Rods to Hungary in 2022:

1. China (131.7 tons)
2. Germany (9.0 tons)
3. Czech Republic (8.8 tons)
4. Poland (5.8 tons)
5. Belgium (4.1 tons)
6. Serbia (3.3 tons)
7. France (2.6 tons)
8. Spain (2.1 tons)

Fishing Rods Exports in Hungary

In 2022, shipments abroad of fishing rodses decreased by -22.1% to 41 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports reached the peak of 58 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fishing rods exports dropped to $1.7M in 2022. The total export value increased at an average annual rate of +7.4% 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 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $1.9M, and then declined in the following year.

Top Export Markets for Fishing Rods from Hungary in 2022:

1. Romania (23.9 tons)
2. Slovakia (4.9 tons)
3. Serbia (3.1 tons)
4. United Kingdom (2.7 tons)
5. Spain (1.6 tons)
6. Germany (1.3 tons)
7. Croatia (0.9 tons)

Source: IndexBox Market Intelligence Platform