Price for Fish-Hooks; Whether or Not Snelled in Norway - 2023

Contents:

  1. Price for Fish-Hooks; Whether or Not Snelled in Norway (CIF) - 2023
  2. Price for Fish-Hooks; Whether or Not Snelled in Norway (FOB) - 2022
  3. Imports of Fish-Hooks; Whether or Not Snelled in Norway
  4. Exports of Fish-Hooks; Whether or Not Snelled in Norway

Price for Fish-Hooks; Whether or Not Snelled in Norway (CIF) - 2023

In August 2023, the average import price for fish-hooks; whether or not snelleds amounted to $23,984 per ton, jumping by 28% against the previous month. In general, the import price saw a slight increase. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 151% m-o-m. As a result, import price reached the peak level of $48,108 per ton. From March 2023 to August 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($80,635 per ton), while the price for the United States ($16,362 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish-Hooks; Whether or Not Snelled in Norway (FOB) - 2022

The average export price for fish-hooks; whether or not snelleds stood at $32,174 per ton in 2022, increasing by 18% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish-hooks; whether or not snelled export price increased by +39.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 58% against the previous year. The export price peaked at $37,206 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($162,800 per ton), while the average price for exports to France ($21,498 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 India (+80.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish-Hooks; Whether or Not Snelled in Norway

In 2022, overseas purchases of fish-hooks; whether or not snelleds were finally on the rise to reach 470 tons after two years of decline. Over the period under review, imports, however, continue to indicate a deep setback.

In value terms, fish-hooks; whether or not snelled imports shrank to $7.7M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. As a result, imports reached the peak of $8M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Fish-Hooks; Whether or Not Snelled in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.33.74.65.115.6%
United States1.92.11.21.1-16.7%
Latvia0.60.40.30.2-30.7%
Lithuania0.20.10.10.1-20.6%
Others1.01.71.71.39.1%
Total7.08.07.97.73.2%

Top Suppliers of Fish-Hooks; Whether or Not Snelled to Norway in 2022:

  1. China (351.6 tons)
  2. United States (75.8 tons)
  3. Latvia (11.9 tons)
  4. Lithuania (7.7 tons)

Exports of Fish-Hooks; Whether or Not Snelled in Norway

In 2022, the amount of fish-hooks; whether or not snelleds exported from Norway stood at 51 tons, surging by 1.9% against 2021. Overall, exports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 6.4%. As a result, the exports attained the peak of 79 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fish-hooks; whether or not snelled exports skyrocketed to $1.7M in 2022. Over the period under review, exports, however, saw a mild decrease.

Export of Fish-Hooks; Whether or Not Snelled in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican Republic610746555326-18.8%
France66.517810625255.9%
Latvia172105N/A2218.7%
New Zealand27721215099.5-28.9%
Canada5.18.84.998.7168.5%
AustraliaN/A62.116.251.7-8.8%
Seychelles40.018.324.1N/A-22.4%
MauritiusN/A75.269.5N/A-7.6%
Iceland1140.32.5N/A-85.2%
Russia32.469.2275N/A191.3%
Others40245417560514.6%
Total1,7181,9291,3781,653-1.3%

Top Export Markets for Fish-Hooks; Whether or Not Snelled from Norway in 2022:

  1. France (11.7 tons)
  2. Latvia (8.7 tons)
  3. Dominican Republic (5.0 tons)
  4. Canada (1.1 tons)
  5. New Zealand (1.1 tons)
  6. Australia (0.6 tons)

Source: IndexBox Market Intelligence Platform

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