Fishing Rods Price in India - 2023

Contents:

1. Fishing Rods Price in India (CIF) - 2022
2. Fishing Rods Price in India (FOB) - 2022
3. Fishing Rods Imports in India
4. Fishing Rods Exports in India

Fishing Rods Price in India (CIF) - 2022

The average fishing rods import price stood at $58,066 per ton in 2022, dropping by -6.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2020 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $64,160 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($58,066 per ton) and Japan ($58,066 per ton), while the price for Singapore ($58,066 per ton) and China ($58,066 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Fishing Rods Price in India (FOB) - 2022

The average fishing rods export price stood at $68,732 per ton in 2022, shrinking by -17% against the previous year. Over the period under review, the export price, however, posted measured growth. The growth pace was the most rapid in 2017 when the average export price increased by 778%. Over the period under review, the average export prices attained the peak figure at $82,823 per ton in 2021, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($72,196 per ton), while the average price for exports to the United Arab Emirates ($37,896 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 the United Arab Emirates (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rods Imports in India

For the fourth year in a row, India recorded growth in supplies from abroad of fishing rodses, which increased by 15% to 21 tons in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 73%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, fishing rods imports expanded remarkably to $1.2M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Fishing Rods to India in 2022:

1. China (12.0 tons)
2. Vietnam (7.8 tons)
3. Singapore (0.6 tons)
4. Japan (0.4 tons)
5. Malaysia (0.2 tons)
6. United Arab Emirates (0.1 tons)

Fishing Rods Exports in India

Fishing rods exports from India declined markedly to 274 kg in 2022, falling by -81.4% compared with 2021 figures. Overall, exports continue to indicate a dramatic slump. The smallest decline of -7.9% was in 2020.

In value terms, fishing rods exports declined remarkably to $19K in 2022. In general, exports faced a dramatic contraction. The smallest decline of -10.1% was in 2020.

Top Export Markets for Fishing Rods from India in 2022:

1. France (219.0 kg)
2. United Arab Emirates (28.0 kg)
3. Bangladesh (17.0 kg)
4. Sri Lanka (7.0 kg)

Source: IndexBox Market Intelligence Platform