Price for Fish-Hooks; Whether or Not Snelled in Ecuador - 2022

Price for Fish-Hooks; Whether or Not Snelled in Ecuador (CIF) - 2022

In 2022, the average import price for fish-hooks; whether or not snelleds amounted to $8,190 per ton, increasing by 9.7% against the previous year. In general, the import price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of 25% against the previous year. As a result, import price reached the peak level of $17,045 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($12,020 per ton), while the price for Taiwan (Chinese) ($2,371 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.6%), while the prices for the other major suppliers experienced a decline.

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

In 2021, the average export price for fish-hooks; whether or not snelleds amounted to $20,909 per ton, declining by -15.4% against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2013 an increase of 42%. The export price peaked at $84,022 per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Panama amounted to -15.4% per year.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of fish-hooks; whether or not snelleds, when their volume decreased by -28.6% to 50 tons. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 143%. As a result, imports attained the peak of 69 tons, and then shrank rapidly in the following year.

In value terms, fish-hooks; whether or not snelled imports shrank remarkably to $406K in 2022. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 77%. As a result, imports reached the peak of $519K, and then dropped significantly in the following year.

Import of Fish-Hooks; Whether or Not Snelled in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	156	184	373	203	9.2%
Spain	36.1	13.9	13.7	91.8	36.5%
United States	19.7	43.3	59.9	56.9	42.4%
China	33.9	37.9	38.3	24.9	-9.8%
Taiwan (Chinese)	2.8	3.5	4.5	3.9	11.7%
Others	22.1	11.6	29.2	25.7	5.2%
Total	270	294	519	406	14.6%

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

Spain (21.3 tons)
South Korea (16.9 tons)
United States (5.3 tons)
China (3.2 tons)
Taiwan (Chinese) (1.7 tons)

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

In 2021, the amount of fish-hooks; whether or not snelleds exported from Ecuador dropped markedly to 22 kg, which is down by -81.7% on 2020 figures. Overall, exports showed a dramatic contraction.

In value terms, fish-hooks; whether or not snelled exports fell significantly to $460 in 2021. Over the period under review, exports recorded a dramatic setback.