Fishing Rods Price in Sri Lanka - 2021
Contents:
- Fishing Rods Price in Sri Lanka (CIF) - 2022
- Fishing Rods Price in Sri Lanka (FOB) - 2022
- Fishing Rods Imports in Sri Lanka
- Fishing Rods Exports in Sri Lanka
Fishing Rods Price in Sri Lanka (CIF) - 2022
In 2022, the average fishing rods import price amounted to $57,871 per ton, declining by -6.8% against the previous year. Overall, the import price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 87% against the previous year. The import price peaked at $62,093 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($58,066 per ton), while the price for the UK ($23,065 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Fishing Rods Price in Sri Lanka (FOB) - 2022
In 2022, the average fishing rods export price amounted to $72,196 per ton, growing by 15% against the previous year. Over the period under review, the export price recorded buoyant growth. The growth pace was the most rapid in 2020 an increase of 73%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Seychelles.
From 2012 to 2022, the rate of growth in terms of prices for Seychelles amounted to +6.8% per year.
Fishing Rods Imports in Sri Lanka
Fishing rods imports into Sri Lanka soared to 4.1 tons in 2022, jumping by 849% on the year before. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fishing rods imports soared to $239K in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fishing Rods in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 4.2 | 4.6 | 132 | 460.6% |
| China | 22.0 | 17.2 | 3.9 | 102 | 66.7% |
| Malaysia | 3.7 | 7.6 | 6.9 | N/A | 36.6% |
| Others | 3.7 | 4.3 | 11.6 | 4.5 | 6.7% |
| Total | 29.4 | 33.3 | 27.0 | 239 | 101.1% |
Top Suppliers of Fishing Rods to Sri Lanka in 2022:
- Hong Kong SAR (2.3 tons)
- China (1.8 tons)
Fishing Rods Exports in Sri Lanka
In 2022, the amount of fishing rodses exported from Sri Lanka reduced markedly to 51 kg, dropping by -94.2% on the previous year. In general, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 510%. As a result, the exports attained the peak of 879 kg, and then declined sharply in the following year.
In value terms, fishing rods exports contracted sharply to $3.7K in 2022. Overall, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 638% against the previous year. As a result, the exports reached the peak of $55K, and then fell notably in the following year.
| Export of Fishing Rods in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Seychelles | 1.8 | 1.4 | 10.8 | 3.7 | 27.1% |
| Norway | 0.4 | 0.4 | 6.1 | N/A | 290.5% |
| Germany | 0.3 | 0.4 | 2.5 | N/A | 188.7% |
| United Kingdom | 3.7 | 2.9 | 19.8 | N/A | 131.3% |
| United States | 2.2 | 1.8 | 14.3 | N/A | 155.0% |
| Canada | 0.2 | 0.2 | 1.4 | N/A | 164.6% |
| Others | 0.3 | 0.5 | 0.4 | N/A | 15.5% |
| Total | 8.8 | 7.5 | 55.3 | 3.7 | -25.1% |
Top Export Markets for Fishing Rods from Sri Lanka in 2022:
- Seychelles (51.0 kg)
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