Fishing Reels Price in Egypt - 2023
Contents:
- Fishing Reels Price in Egypt (CIF) - 2022
- Fishing Reels Price in Egypt (FOB) - 2022
- Fishing Reels Imports in Egypt
- Fishing Reels Exports in Egypt
Fishing Reels Price in Egypt (CIF) - 2022
In 2022, the average fishing reels import price amounted to $70,249 per ton, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2016 an increase of 45% against the previous year. The import price peaked at $70,873 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($113,566 per ton), while the price for South Korea ($44,585 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Reels Price in Egypt (FOB) - 2022
In 2022, the average fishing reels export price amounted to $70,909 per ton, falling by -24.7% against the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 78%. Over the period under review, the average export prices attained the maximum at $94,231 per ton in 2021, and then declined sharply in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($102,187 per ton), while the average price for exports to Sudan amounted to $3,794 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (-21.6%).
Fishing Reels Imports in Egypt
In 2022, purchases abroad of fishing reelses decreased by -28.3% to 1.6 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 49%. As a result, imports reached the peak of 5.7 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, fishing reels imports declined remarkably to $110K in 2022. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 89%. As a result, imports reached the peak of $377K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Fishing Reels in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.5 | 173 | 22.5 | 30.6 | -15.9% |
| United Arab Emirates | 13.0 | 27.5 | 10.7 | 16.9 | 9.1% |
| South Korea | 43.3 | 48.0 | 16.2 | 15.9 | -28.4% |
| Malaysia | 28.5 | 50.9 | 9.5 | 11.9 | -25.3% |
| Netherlands | 16.4 | 8.0 | 9.1 | 8.5 | -19.7% |
| Germany | 8.2 | 15.3 | 5.2 | 5.6 | -11.9% |
| Indonesia | 14.4 | 14.0 | 4.0 | 4.7 | -31.1% |
| Singapore | 4.1 | 8.7 | 4.5 | 4.2 | 0.8% |
| Belgium | 6.3 | 7.9 | 1.4 | 2.1 | -30.7% |
| Others | 13.6 | 23.6 | 71.1 | 9.2 | -12.2% |
| Total | 199 | 377 | 154 | 110 | -17.9% |
Top Suppliers of Fishing Reels to Egypt in 2022:
- South Korea (356.0 kg)
- United Arab Emirates (340.0 kg)
- China (340.0 kg)
- Malaysia (133.0 kg)
- Netherlands (88.0 kg)
- Singapore (80.0 kg)
- Indonesia (53.0 kg)
- Germany (49.0 kg)
- Belgium (28.0 kg)
Fishing Reels Exports in Egypt
For the fourth year in a row, Egypt recorded growth in overseas shipments of fishing reelses, which increased by 10% to 22 kg in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 113% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, fishing reels exports reduced sharply to $1.6K in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 133%.
| Export of Fishing Reels in Egypt (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 511 | 1,182 | 85.0 | 1,533 | 44.2% |
| Sudan | 10.0 | 32.0 | 7.0 | 27.0 | 39.2% |
| Belgium | N/A | N/A | 18.0 | N/A | 0% |
| Austria | N/A | N/A | 67.0 | N/A | 0% |
| France | N/A | N/A | 1,617 | N/A | 0% |
| Denmark | N/A | N/A | 114 | N/A | 0% |
| Others | N/A | N/A | -1.0 | N/A | 0% |
| Total | 521 | 1,214 | 1,907 | 1,560 | 44.1% |
Top Export Markets for Fishing Reels from Egypt in 2022:
- Maldives (15.0 kg)
- Sudan (7.0 kg)
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