Price for Fish-Hooks; Whether or Not Snelled in Brazil - 2023

Contents:

1. Price for Fish-Hooks; Whether or Not Snelled in Brazil (CIF) - 2023
2. Price for Fish-Hooks; Whether or Not Snelled in Brazil (FOB) - 2022
3. Imports of Fish-Hooks; Whether or Not Snelled in Brazil
4. Exports of Fish-Hooks; Whether or Not Snelled in Brazil

Price for Fish-Hooks; Whether or Not Snelled in Brazil (CIF) - 2023

In August 2023, the average import price for fish-hooks; whether or not snelleds amounted to $14,779 per ton, with an increase of 22% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 245% against the previous month. As a result, import price attained the peak level of $25,153 per ton. From December 2022 to August 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($22,037 per ton), while the price for Norway ($9,759 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+40.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish-Hooks; Whether or Not Snelled in Brazil (FOB) - 2022

The average export price for fish-hooks; whether or not snelleds stood at $5,769 per ton in 2022, declining by -24% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 118%. As a result, the export price attained the peak level of $29,321 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($15,288 per ton), while the average price for exports to China ($800 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 Bolivia (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish-Hooks; Whether or Not Snelled in Brazil

In 2022, the amount of fish-hooks; whether or not snelleds imported into Brazil rose rapidly to 157 tons, surging by 13% compared with the year before. The total import volume increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 32%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fish-hooks; whether or not snelled imports surged to $2M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.3% 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 +61.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Fish-Hooks; Whether or Not Snelled to Brazil in 2022:

1. China (77.0 tons)
2. South Korea (73.6 tons)
3. Japan (5.0 tons)

Exports of Fish-Hooks; Whether or Not Snelled in Brazil

For the fourth year in a row, Brazil recorded growth in overseas shipments of fish-hooks; whether or not snelleds, which increased by 23% to 389 kg in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 235% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, fish-hooks; whether or not snelled exports declined to $2.2K in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 113% against the previous year. As a result, the exports attained the peak of $2.4K, and then dropped in the following year.

Top Export Markets for Fish-Hooks; Whether or Not Snelled from Brazil in 2022:

1. Paraguay (81.0 kg)
2. Hong Kong SAR (75.0 kg)
3. Uruguay (59.0 kg)
4. Marshall Islands (57.0 kg)
5. China (40.0 kg)
6. Panama (20.0 kg)
7. Saudi Arabia (13.0 kg)
8. Liberia (8.0 kg)
9. Portugal (6.0 kg)

Source: IndexBox Market Intelligence Platform