Fishing Rods Price in Nigeria - 2022
Contents:
- Fishing Rods Price in Nigeria (CIF) - 2022
- Fishing Rods Price in Nigeria (FOB) - 2022
- Fishing Rods Imports in Nigeria
- Fishing Rods Exports in Nigeria
Fishing Rods Price in Nigeria (CIF) - 2022
The average fishing rods import price stood at $339,990 per ton in 2022, which is down by -30% against the previous year. Overall, the import price, however, posted a pronounced expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 220% against the previous year. Over the period under review, average import prices hit record highs at $485,761 per ton in 2021, and then declined rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,269,589 per ton), while the price for Spain ($113,175 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Rods Price in Nigeria (FOB) - 2022
The average fishing rods export price stood at $31,688 per ton in 2022, growing by 10% against the previous year. Over the period under review, the export price saw noticeable growth. The most prominent rate of growth was recorded in 2018 an increase of 1,028% against the previous year. As a result, the export price reached the peak level of $98,848 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ghana.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +8.4% per year.
Fishing Rods Imports in Nigeria
In 2022, the amount of fishing rodses imported into Nigeria skyrocketed to 62 kg, jumping by 3,000% against the previous year. In general, imports saw significant growth.
In value terms, fishing rods imports surged to $21K in 2022. Over the period under review, imports recorded significant growth.
| Import of Fishing Rods in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 1.8 | 0.1 | 5.0 | 71.0% |
| Japan | 0.7 | 1.8 | N/A | 4.3 | 83.1% |
| South Africa | 0.1 | 0.2 | 0.1 | 3.1 | 214.1% |
| Spain | 0.9 | 0.2 | 0.1 | 3.0 | 49.4% |
| United Kingdom | 0.3 | 0.4 | 0.1 | 1.8 | 81.7% |
| Germany | 1.0 | 1.0 | 0.3 | 1.8 | 21.6% |
| China | 4.4 | 159 | N/A | 0.4 | -55.0% |
| Others | N/A | 0.7 | 0.4 | 1.8 | 60.4% |
| Total | 8.5 | 165 | 1.1 | 21.2 | 35.6% |
Top Suppliers of Fishing Rods to Nigeria in 2022:
- Spain (27.0 kg)
- United States (15.0 kg)
- United Kingdom (10.0 kg)
- South Africa (5.0 kg)
- Germany (2.0 kg)
- Japan (2.0 kg)
- China (1.0 kg)
Fishing Rods Exports in Nigeria
In 2022, exports of fishing rodses from Nigeria soared to 32 kg, growing by 33% against 2021 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,500% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, fishing rods exports surged to $1K in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 9,450%. As a result, the exports attained the peak of $1.3K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Fishing Rods in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 12.0 | 118 | 690 | 827 | 310.0% |
| South Africa | N/A | 997 | N/A | N/A | 0% |
| Netherlands | N/A | 83.0 | N/A | N/A | 0% |
| Others | 2.0 | 139 | N/A | 187 | 353.9% |
| Total | 14.0 | 1,337 | 690 | 1,014 | 316.8% |
Top Export Markets for Fishing Rods from Nigeria in 2022:
- Ghana (29.0 kg)
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