Fishing Rods Price in Hong Kong SAR - 2023

Fishing Rods Price in Hong Kong SAR (FOB) - 2022

The average fishing rods export price stood at $72,196 per ton in 2022, reducing by -12.7% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 2018 an increase of 33%. Over the period under review, the average export prices hit record highs at $82,710 per ton in 2021, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($72,196 per ton) and Australia ($72,196 per ton), while the average price for exports to the UK ($72,196 per ton) and China ($72,196 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 Vietnam (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rods Price in Hong Kong SAR (CIF) - 2022

In 2022, the average fishing rods import price amounted to $58,066 per ton, reducing by -6.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2020 an increase of 25% against the previous year. The import price peaked at $62,153 per ton in 2021, and then shrank 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 Japan ($58,066 per ton), while the price for China amounted to $58,066 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.2%).

Fishing Rods Exports in Hong Kong SAR

In 2022, approx. 521 tons of fishing rodses were exported from Hong Kong SAR; rising by 11% compared with 2021 figures. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 106%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, fishing rods exports shrank modestly to $38M in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. As a result, the exports attained the peak of $39M, and then declined in the following year.

Export of Fishing Rods in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.6	1.8	9.0	15.1	111.3%
Japan	2.3	3.7	11.6	5.7	35.3%
United States	4.9	4.0	5.7	3.7	-8.9%
France	1.2	1.7	2.5	2.8	32.6%
Australia	1.7	2.2	2.5	2.6	15.2%
Vietnam	0.3	0.3	1.7	1.9	85.0%
Netherlands	0.5	0.2	0.7	0.9	21.6%
Italy	0.7	0.5	0.7	0.7	0.0%
United Kingdom	0.7	0.4	0.8	0.6	-5.0%
Germany	0.9	0.9	0.4	N/A	-33.3%
Others	3.1	2.3	3.0	3.4	3.1%
Total	17.9	18.0	38.7	37.6	28.1%

Top Export Markets for Fishing Rods from Hong Kong SAR in 2022:

China (209.5 tons)
Japan (79.6 tons)
United States (51.2 tons)
France (39.4 tons)
Australia (36.3 tons)
Vietnam (25.9 tons)
Netherlands (12.8 tons)
Italy (10.0 tons)
United Kingdom (8.1 tons)
Germany (0.5 tons)

Fishing Rods Imports in Hong Kong SAR

In 2022, imports of fishing rodses into Hong Kong SAR rose significantly to 666 tons, with an increase of 14% compared with 2021. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.5% 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 +90.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 66%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, fishing rods imports expanded remarkably to $39M in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.