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

Contents:

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

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

In July 2023, the average import price for fish-hooks; whether or not snelleds amounted to $61,150 per ton, surging by 19% against the previous month. In general, the import price recorded a pronounced increase. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 53% month-to-month. The import price peaked in July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($93,774 per ton), while the price for Thailand ($41,692 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for fish-hooks; whether or not snelleds stood at $9,557 per ton in 2022, surging by 9.1% against the previous year. Overall, the export price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2021 an increase of 60% against the previous year. The export price peaked at $19,465 per ton in 2016; however, from 2017 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 the United States ($18,077 per ton), while the average price for exports to Algeria ($1,174 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 Libya (+1.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of fish-hooks; whether or not snelleds, when their volume decreased by -36.3% to 43 tons. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports reached the peak of 67 tons, and then declined notably in the following year.

In value terms, fish-hooks; whether or not snelled imports fell notably to $1.6M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. As a result, imports reached the peak of $1.9M, and then dropped remarkably in the following year.

Import of Fish-Hooks; Whether or Not Snelled in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China774776776756-0.8%
Japan346308409311-3.5%
South Korea2063902662121.0%
France17918537377.9-24.2%
Malaysia3.212.55.774.2185.2%
Others13483.21091718.5%
Total1,6431,7551,9381,602-0.8%

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

  1. China (29.4 tons)
  2. South Korea (5.6 tons)
  3. Japan (3.3 tons)
  4. France (1.3 tons)
  5. Malaysia (1.0 tons)

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

For the fourth year in a row, Turkey recorded growth in shipments abroad of fish-hooks; whether or not snelleds, which increased by 35% to 29 tons in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 55%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, fish-hooks; whether or not snelled exports surged to $273K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 92%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Fish-Hooks; Whether or Not Snelled in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran55.657.712622960.3%
United StatesN/AN/A22.610.8-52.2%
AlgeriaN/AN/AN/A7.70%
Georgia0.50.716.07.4145.5%
Libya6.71.51.14.3-13.7%
TurkmenistanN/A11.7N/A0.1-90.8%
Others24.825.319.613.4-18.6%
Total87.596.918627346.1%

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

  1. Turkmenistan (undefined tons)
  2. Iran (19.6 tons)
  3. Algeria (6.6 tons)
  4. Georgia (0.7 tons)
  5. United States (0.6 tons)
  6. Libya (0.3 tons)

Source: IndexBox Market Intelligence Platform

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