Fishing Reels Price in India - 2023

Fishing Reels Price in India (CIF) - 2022

The average fishing reels import price stood at $70,148 per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2020 an increase of 14% against the previous year. As a result, import price reached the peak level of $73,183 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($71,101 per ton) and Vietnam ($70,839 per ton), while the price for the United Arab Emirates ($50,671 per ton) and Malaysia ($69,570 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 (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Fishing Reels Price in India (FOB) - 2022

In 2022, the average fishing reels export price amounted to $76,295 per ton, dropping by -3% against the previous year. Over the period under review, the export price, however, recorded notable growth. The growth pace was the most rapid in 2017 when the average export price increased by 1,728% against the previous year. As a result, the export price attained the peak level of $563,704 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +50.7% per year.

Fishing Reels Imports in India

In 2022, imports of fishing reelses into India reached 14 tons, with an increase of 2.6% against the previous year. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 58% 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.

In value terms, fishing reels imports expanded slightly to $959K in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 80% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Fishing Reels in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	137	196	383	380	40.5%
Singapore	76.6	221	337	334	63.4%
Vietnam	92.9	157	178	177	24.0%
Malaysia	38.9	46.9	21.2	34.8	-3.6%
United Arab Emirates	11.5	25.5	22.1	21.9	24.0%
Hong Kong SAR	9.5	27.4	1.2	12.4	9.3%
Others	6.9	N/A	1.1	0.1	-75.6%
Total	374	674	944	959	36.9%

Top Suppliers of Fishing Reels to India in 2022:

China (5.4 tons)
Singapore (4.7 tons)
Vietnam (2.5 tons)
Malaysia (0.5 tons)
United Arab Emirates (0.4 tons)
Hong Kong SAR (0.2 tons)

Fishing Reels Exports in India

In 2022, approx. 112 kg of fishing reelses were exported from India; which is down by -81.2% against the year before. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 59,500%. As a result, the exports attained the peak of 596 kg, and then dropped sharply in the following year.

In value terms, fishing reels exports declined dramatically to $8.5K in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 101,830% against the previous year. As a result, the exports reached the peak of $47K, and then fell dramatically in the following year.