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

Contents:

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

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

In December 2022, the average export price for fish-hooks; whether or not snelleds amounted to $18,239 per ton, reducing by -19.5% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 38% month-to-month. The export price peaked at $24,300 per ton in March 2022; however, from April 2022 to December 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was the United States ($39,645 per ton), while the average price for exports to Vietnam ($5,830 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In December 2022, the average import price for fish-hooks; whether or not snelleds amounted to $21,293 per ton, with an increase of 59% against the previous month. Over the period under review, the import price showed perceptible growth. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 67% against the previous month. As a result, import price reached the peak level of $34,154 per ton. From September 2022 to December 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($96,040 per ton), while the price for Vietnam ($14,754 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fish-Hooks; Whether or Not Snelled in South Korea

In 2022, exports of fish-hooks; whether or not snelleds from South Korea dropped to 1K tons, declining by -14.1% against 2021 figures. In general, exports saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, the exports attained the peak of 1.2K tons, and then fell in the following year.

In value terms, fish-hooks; whether or not snelled exports dropped to $21M in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. As a result, the exports reached the peak of $24M, and then shrank in the following year.

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

1. Paraguay (154.2 tons)
2. Vietnam (146.0 tons)
3. Cambodia (86.2 tons)
4. Indonesia (70.5 tons)
5. Philippines (65.9 tons)
6. United States (48.1 tons)
7. Morocco (33.4 tons)
8. China (33.1 tons)
9. Peru (28.4 tons)
10. Malaysia (27.9 tons)
11. United Arab Emirates (24.5 tons)
12. Senegal (23.8 tons)
13. Mexico (20.7 tons)

Imports of Fish-Hooks; Whether or Not Snelled in South Korea

In 2022, overseas purchases of fish-hooks; whether or not snelleds decreased by -10.1% to 738 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 8.4% against the previous year. As a result, imports attained the peak of 821 tons, and then dropped in the following year.

In value terms, fish-hooks; whether or not snelled imports soared to $16M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +59.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (350.4 tons)
2. Cambodia (182.7 tons)
3. Vietnam (168.3 tons)
4. Japan (23.3 tons)
5. Indonesia (11.3 tons)

Source: IndexBox Market Intelligence Platform