Fishing Reels Price in Singapore - 2022
Contents:
- Fishing Reels Price in Singapore (FOB) - 2022
- Fishing Reels Price in Singapore (CIF) - 2022
- Fishing Reels Exports in Singapore
- Fishing Reels Imports in Singapore
Fishing Reels Price in Singapore (FOB) - 2022
In 2022, the average fishing reels export price amounted to $70,101 per ton, reducing by -3.3% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing reels export price increased by +19.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 89%. The export price peaked at $88,291 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Finland ($133,976 per ton), while the average price for exports to the Netherlands ($67,617 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 Finland (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Fishing Reels Price in Singapore (CIF) - 2022
In 2022, the average fishing reels import price amounted to $70,703 per ton, remaining constant against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 15% against the previous year. The import price peaked at $71,345 per ton in 2021, and then reduced modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($71,015 per ton), while the price for Japan ($68,609 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Reels Exports in Singapore
For the third year in a row, Singapore recorded decline in shipments abroad of fishing reelses, which decreased by -4.4% to 158 tons in 2022. In general, exports showed a dramatic curtailment.
In value terms, fishing reels exports fell to $11M in 2022. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
| Export of Fishing Reels in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.5 | 3.1 | 2.4 | 2.2 | -45.4% |
| Australia | 10.1 | 1.5 | 2.1 | 2.0 | -41.7% |
| Malaysia | 5.9 | 1.3 | 1.4 | 1.3 | -39.6% |
| Netherlands | 3.5 | 0.9 | 1.3 | 1.2 | -30.0% |
| Japan | 0.1 | 0.1 | 1.0 | 0.9 | 108.0% |
| Indonesia | 3.3 | 0.7 | 0.5 | 0.5 | -46.7% |
| United States | N/A | 0.5 | 0.6 | 0.5 | 0.0% |
| Finland | 1.4 | 0.1 | 0.4 | 0.4 | -34.1% |
| Belgium | 4.2 | 0.3 | 0.5 | 0.4 | -54.3% |
| Vietnam | 1.8 | 0.4 | 0.3 | 0.3 | -45.0% |
| New Zealand | 2.5 | 0.4 | 0.4 | 0.3 | -50.7% |
| Thailand | 2.4 | 0.3 | 0.4 | 0.3 | -50.0% |
| Germany | 1.6 | 0.2 | 0.1 | 0.1 | -60.3% |
| Others | 2.8 | 0.5 | 0.7 | 0.6 | -40.2% |
| Total | 53.1 | 10.2 | 12.0 | 11.1 | -40.7% |
Top Export Markets for Fishing Reels from Singapore in 2022:
- China (32.8 tons)
- Australia (29.0 tons)
- Malaysia (18.6 tons)
- Netherlands (17.5 tons)
- Japan (13.6 tons)
- Indonesia (7.7 tons)
- United States (7.6 tons)
- Thailand (5.0 tons)
- New Zealand (4.9 tons)
- Vietnam (4.6 tons)
- Belgium (3.2 tons)
- Finland (2.7 tons)
- Germany (2.2 tons)
Fishing Reels Imports in Singapore
Fishing reels imports into Singapore fell to 826 tons in 2022, dropping by -8.2% against the previous year. In general, imports continue to indicate a slight contraction. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 900 tons, and then dropped in the following year.
In value terms, fishing reels imports contracted to $58M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of $64M, and then reduced in the following year.
| Import of Fishing Reels in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 45.6 | 43.2 | 53.5 | 47.8 | 1.6% |
| Japan | 7.2 | 7.9 | 5.9 | 6.1 | -5.4% |
| China | 1.0 | 0.8 | 3.6 | 3.2 | 47.4% |
| Others | 1.6 | 0.7 | 1.1 | 1.2 | -9.1% |
| Total | 55.4 | 52.6 | 64.2 | 58.4 | 1.8% |
Top Suppliers of Fishing Reels to Singapore in 2022:
- Malaysia (673.3 tons)
- Japan (89.2 tons)
- China (45.8 tons)
391
This report provides an in-depth analysis of the fishing rod market in Singapore.
628
This report provides an in-depth analysis of the global fishing rod market.
391
This report provides an in-depth analysis of the fishing rod market in Singapore.
628
This report provides an in-depth analysis of the global fishing rod market.
1035
In 2016, the global fishing rod imports totaled X tons, approximately reflecting the previous year level. In general, fishing rod imports continue to indicate a relatively flat trend pattern. The...
1014
In 2016, the global fishing rod imports totaled X tons, approximately reflecting the previous year level. In general, fishing rod imports continue to indicate a relatively flat trend pattern. The...
