Fishing Reels Price in Australia - 2023
Contents:
- Fishing Reels Price in Australia (CIF) - 2022
- Fishing Reels Price in Australia (FOB) - 2022
- Fishing Reels Imports in Australia
- Fishing Reels Exports in Australia
Fishing Reels Price in Australia (CIF) - 2022
The average fishing reels import price stood at $89,585 per ton in 2022, with an increase of 2.6% against the previous year. Over the period under review, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 64%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($163,084 per ton), while the price for Vietnam ($52,448 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Reels Price in Australia (FOB) - 2022
The average fishing reels export price stood at $75,601 per ton in 2022, increasing by 4.6% against the previous year. In general, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2017 an increase of 152% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Fiji ($80,457 per ton) and Papua New Guinea ($80,438 per ton), while the average price for exports to South Africa ($68,418 per ton) and New Zealand ($72,801 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.
Fishing Reels Imports in Australia
In 2022, the amount of fishing reelses imported into Australia shrank to 436 tons, which is down by -12.7% compared with the previous year's figure. Overall, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports reached the peak of 499 tons, and then contracted in the following year.
In value terms, fishing reels imports contracted to $39M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year. As a result, imports attained the peak of $44M, and then dropped in the following year.
| Import of Fishing Reels in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 6.9 | 14.9 | 13.3 | 25.1% |
| Malaysia | 11.1 | 8.3 | 14.4 | 12.9 | 5.1% |
| Japan | 5.3 | 7.1 | 9.3 | 8.3 | 16.1% |
| South Korea | 0.5 | 0.7 | 1.5 | 1.3 | 37.5% |
| Vietnam | 1.1 | 0.8 | 1.3 | 1.2 | 2.9% |
| Thailand | 0.4 | 0.4 | 1.4 | 1.2 | 44.2% |
| United States | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Others | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
| Total | 25.9 | 25.0 | 43.6 | 39.0 | 14.6% |
Top Suppliers of Fishing Reels to Australia in 2022:
- Malaysia (180.7 tons)
- China (127.5 tons)
- Japan (51.2 tons)
- South Korea (24.8 tons)
- Vietnam (22.7 tons)
- Thailand (17.0 tons)
- United States (7.4 tons)
Fishing Reels Exports in Australia
Fishing reels exports from Australia surged to 17 tons in 2022, picking up by 156% compared with 2021. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 189%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, fishing reels exports soared to $1.3M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 232%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Fishing Reels in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.5 | 382 | 85.7 | 490 | 198.1% |
| New Zealand | 96.7 | 182 | 46.5 | 328 | 50.3% |
| New Caledonia | 39.0 | 87.0 | 53.0 | 181 | 66.8% |
| Fiji | 9.6 | 9.2 | 47.3 | 145 | 147.2% |
| Papua New Guinea | 13.0 | 4.0 | 25.0 | 76.8 | 80.8% |
| South Africa | 36.8 | 13.1 | 1.9 | 52.3 | 12.4% |
| South Korea | N/A | 83.9 | 3.9 | N/A | -95.4% |
| French Polynesia | N/A | 16.6 | 47.7 | N/A | 187.3% |
| China | N/A | N/A | 32.5 | N/A | 0% |
| Others | 37.2 | 55.7 | 136 | 10.0 | -35.5% |
| Total | 251 | 833 | 479 | 1,283 | 72.3% |
Top Export Markets for Fishing Reels from Australia in 2022:
- United States (6.5 tons)
- New Zealand (4.5 tons)
- New Caledonia (2.4 tons)
- Fiji (1.8 tons)
- Papua New Guinea (1.0 tons)
- South Africa (0.8 tons)
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