Fishing Rods Price in Malaysia - 2021
Contents:
- Fishing Rods Price in Malaysia (CIF) - 2022
- Fishing Rods Price in Malaysia (FOB) - 2022
- Fishing Rods Imports in Malaysia
- Fishing Rods Exports in Malaysia
Fishing Rods Price in Malaysia (CIF) - 2022
The average fishing rods import price stood at $59,306 per ton in 2022, waning by -4.6% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +11.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing rods import price increased by +17.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 61%. Over the period under review, average import prices hit record highs at $62,155 per ton in 2021, and then declined in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($59,532 per ton) and Vietnam ($59,517 per ton), while the price for Japan ($53,608 per ton) and China ($59,516 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Rods Price in Malaysia (FOB) - 2022
In 2022, the average fishing rods export price amounted to $57,252 per ton, which is down by -7.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 22% against the previous year. The export price peaked at $70,134 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($57,961 per ton) and Brunei Darussalam ($57,305 per ton), while the average price for exports to Cyprus ($56,927 per ton) and Croatia ($56,930 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 India (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Fishing Rods Imports in Malaysia
In 2022, imports of fishing rodses into Malaysia reduced to 159 tons, shrinking by -11.7% compared with the year before. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of 180 tons, and then shrank in the following year.
In value terms, fishing rods imports declined rapidly to $9.4M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.0% 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 +23.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports reached the peak of $11M, and then reduced markedly in the following year.
| Import of Fishing Rods in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.6 | 6.3 | 9.7 | 8.0 | 6.6% |
| Vietnam | 0.7 | 0.7 | 1.1 | 0.9 | 8.7% |
| Japan | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
| Hong Kong SAR | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 7.9 | 7.7 | 11.2 | 9.4 | 6.0% |
Top Suppliers of Fishing Rods to Malaysia in 2022:
- China (134.9 tons)
- Vietnam (15.2 tons)
- Japan (3.9 tons)
- Hong Kong SAR (2.6 tons)
Fishing Rods Exports in Malaysia
In 2022, the amount of fishing rodses exported from Malaysia declined to 33 tons, shrinking by -11.4% compared with 2021. The total export volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports reached the peak of 37 tons, and then declined in the following year.
In value terms, fishing rods exports dropped markedly to $1.9M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, the exports reached the peak of $2.3M, and then contracted rapidly in the following year.
| Export of Fishing Rods in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 623 | 580 | 1,137 | 902 | 13.1% |
| Indonesia | 325 | 121 | 140 | 181 | -17.7% |
| Cyprus | 88.6 | 50.8 | 141 | 112 | 8.1% |
| Croatia | 39.8 | 52.1 | 136 | 107 | 39.0% |
| Australia | 150 | 92.1 | 85.3 | 102 | -12.1% |
| New Zealand | 98.2 | 70.3 | 106 | 83.4 | -5.3% |
| Vietnam | 89.2 | 80.7 | 72.4 | 75.5 | -5.4% |
| Philippines | 55.8 | 45.4 | 46.2 | 45.7 | -6.4% |
| India | 94.9 | 25.5 | 5.4 | 40.1 | -25.0% |
| Brunei Darussalam | 57.6 | 40.2 | 25.7 | 39.0 | -12.2% |
| Thailand | 49.9 | 43.5 | 27.4 | 38.3 | -8.4% |
| United States | 25.9 | 21.2 | 45.5 | 36.1 | 11.7% |
| Others | 152 | 244 | 353 | 132 | -4.6% |
| Total | 1,850 | 1,467 | 2,322 | 1,894 | 0.8% |
Top Export Markets for Fishing Rods from Malaysia in 2022:
- Singapore (15.8 tons)
- Indonesia (3.2 tons)
- Cyprus (2.0 tons)
- Croatia (1.9 tons)
- Australia (1.8 tons)
- New Zealand (1.5 tons)
- Vietnam (1.3 tons)
- Philippines (0.8 tons)
- India (0.7 tons)
- Brunei Darussalam (0.7 tons)
- Thailand (0.7 tons)
- United States (0.6 tons)
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