Fishing Reels Price in New Zealand - 2023
Contents:
- Fishing Reels Price in New Zealand (CIF) - 2022
- Fishing Reels Price in New Zealand (FOB) - 2022
- Fishing Reels Imports in New Zealand
- Fishing Reels Exports in New Zealand
Fishing Reels Price in New Zealand (CIF) - 2022
In 2022, the average fishing reels import price amounted to $70,127 per ton, approximately mirroring the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fishing reels import price decreased by -1.6% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 32%. The import price peaked at $71,254 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($70,107 per ton) and Taiwan (Chinese) ($70,100 per ton), while the price for Malaysia ($70,091 per ton) and China ($70,091 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Reels Price in New Zealand (FOB) - 2022
The average fishing reels export price stood at $75,683 per ton in 2022, with a decrease of -3.3% against the previous year. In general, the export price, however, posted resilient growth. The growth pace was the most rapid in 2014 an increase of 29%. The export price peaked at $89,149 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($80,093 per ton) and Australia ($77,669 per ton), while the average price for exports to the Netherlands ($73,418 per ton) and New Caledonia ($73,544 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 Samoa (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Fishing Reels Imports in New Zealand
In 2022, fishing reels imports into New Zealand rose significantly to 172 tons, surging by 7.3% against the previous year. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, fishing reels imports rose remarkably to $12M in 2022. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Fishing Reels in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 1.5 | 3.7 | 4.0 | 33.0% |
| Japan | 2.0 | 1.8 | 3.0 | 3.2 | 17.0% |
| Malaysia | 2.7 | 2.0 | 2.8 | 3.0 | 3.6% |
| United States | 0.3 | 0.3 | 0.6 | 0.7 | 32.6% |
| South Korea | 0.3 | 0.1 | 0.4 | 0.4 | 10.1% |
| Vietnam | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 7.4 | 6.1 | 11.3 | 12.1 | 17.8% |
Top Suppliers of Fishing Reels to New Zealand in 2022:
- China (56.6 tons)
- Japan (46.3 tons)
- Malaysia (42.6 tons)
- United States (9.4 tons)
- South Korea (6.3 tons)
- Vietnam (3.9 tons)
- Taiwan (Chinese) (2.9 tons)
Fishing Reels Exports in New Zealand
For the third consecutive year, New Zealand recorded decline in overseas shipments of fishing reelses, which decreased by -11.4% to 2.4 tons in 2022. Overall, exports showed a deep contraction. The smallest decline of -6.2% was in 2021.
In value terms, fishing reels exports reduced to $180K in 2022. In general, exports recorded a deep setback. The smallest decline of -0.3% was in 2021.
| Export of Fishing Reels in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| French Polynesia | 48.6 | 90.7 | 85.6 | 65.4 | 10.4% |
| New Caledonia | 34.4 | 49.5 | 51.3 | 39.2 | 4.5% |
| Australia | 91.4 | 24.4 | 18.5 | 33.0 | -28.8% |
| United States | 11.0 | 13.9 | 16.5 | 12.6 | 4.6% |
| Netherlands | 22.5 | 7.7 | 3.0 | 8.2 | -28.6% |
| Fiji | 3.7 | 4.8 | 9.2 | 7.0 | 23.7% |
| Samoa | 3.7 | 4.4 | 8.7 | 6.6 | 21.3% |
| Cook Islands | 5.5 | 4.0 | 4.8 | 3.7 | -12.4% |
| South Korea | 1.9 | 1.6 | 4.5 | 3.4 | 21.4% |
| Others | 6.7 | 10.0 | 8.0 | 1.0 | -47.0% |
| Total | 229 | 211 | 210 | 180 | -7.7% |
Top Export Markets for Fishing Reels from New Zealand in 2022:
- French Polynesia (866.0 kg)
- New Caledonia (533.0 kg)
- Australia (425.0 kg)
- United States (157.0 kg)
- Netherlands (111.0 kg)
- Fiji (93.0 kg)
- Samoa (89.0 kg)
- South Korea (47.0 kg)
- Cook Islands (45.0 kg)
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