Fishing Rods Price in Thailand - 2023

Contents:

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

Fishing Rods Price in Thailand (CIF) - 2022

The average fishing rods import price stood at $3,349 per ton in 2022, with a decrease of -14.1% against the previous year. Over the period under review, the import price faced a dramatic downturn. The most prominent rate of growth was recorded in 2018 an increase of 22%. Over the period under review, average import prices attained the maximum at $44,911 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Japan ($6,313 per ton), while the price for China amounted to $3,084 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-17.8%).

Fishing Rods Price in Thailand (FOB) - 2022

The average fishing rods export price stood at $25,722 per ton in 2022, reducing by -44.1% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 95%. Over the period under review, the average export prices attained the peak figure at $211,288 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($37,895 per ton), while the average price for exports to New Caledonia ($739 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 Hong Kong SAR (-2.5%), while the prices for the other major destinations experienced a decline.

Fishing Rods Imports in Thailand

In 2022, approx. 4.2K tons of fishing rodses were imported into Thailand; jumping by 63% on 2021 figures. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 112% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, fishing rods imports surged to $14M in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Fishing Rods in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.77.88.912.730.6%
Japan0.40.90.70.720.5%
Others0.50.60.50.921.6%
Total6.69.210.214.229.1%

Top Suppliers of Fishing Rods to Thailand in 2022:

  1. China (4.1K tons)
  2. Japan (0.1K tons)

Fishing Rods Exports in Thailand

In 2022, overseas shipments of fishing rodses were finally on the rise to reach 109 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt curtailment.

In value terms, fishing rods exports reduced slightly to $2.8M in 2022. Overall, exports, however, showed a sharp setback.

Export of Fishing Rods in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan9.84.32.82.7-34.9%
South Korea0.80.2N/AN/A-75.0%
China1.60.7N/AN/A-56.3%
New CaledoniaN/AN/AN/AN/A0%
MaldivesN/AN/AN/AN/A0%
Others1.00.50.10.1-53.6%
Total13.35.72.92.8-40.5%

Top Export Markets for Fishing Rods from Thailand in 2022:

  1. Japan (92.1 tons)
  2. New Caledonia (11.1 tons)
  3. Maldives (3.1 tons)
  4. China (0.2 tons)
  5. South Korea (0.1 tons)

Source: IndexBox Market Intelligence Platform

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