Fishing Rods Price in Norway - 2023

Contents:

  1. Fishing Rods Price in Norway (CIF) - 2022
  2. Fishing Rods Price in Norway (FOB) - 2022
  3. Fishing Rods Imports in Norway
  4. Fishing Rods Exports in Norway

Fishing Rods Price in Norway (CIF) - 2022

The average fishing rods import price stood at $20,102 per ton in 2022, falling by -48.1% against the previous year. Over the period under review, the import price saw a pronounced decline. The growth pace was the most rapid in 2017 when the average import price increased by 50% against the previous year. As a result, import price reached the peak level of $61,108 per ton. From 2018 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 Japan ($132,821 per ton), while the price for China ($15,510 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.1%), while the prices for the other major suppliers experienced a decline.

Fishing Rods Price in Norway (FOB) - 2022

In 2022, the average fishing rods export price amounted to $99,511 per ton, dropping by -15.6% against the previous year. In general, the export price, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2016 an increase of 88%. The export price peaked at $163,365 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($368,526 per ton), while the average price for exports to Sweden ($56,339 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 New Zealand (+129.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rods Imports in Norway

In 2022, fishing rods imports into Norway soared to 362 tons, growing by 87% compared with the previous year. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 95% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, fishing rods imports reduced modestly to $7.3M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, imports reached the peak of $7.5M, and then shrank in the following year.

Import of Fishing Rods in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.33.04.95.216.4%
South Korea0.80.91.00.94.0%
Sweden0.10.10.30.226.0%
Others0.80.81.31.07.7%
Total4.94.77.57.314.2%

Top Suppliers of Fishing Rods to Norway in 2022:

  1. China (334.8 tons)
  2. South Korea (13.0 tons)
  3. Sweden (3.1 tons)

Fishing Rods Exports in Norway

After two years of decline, shipments abroad of fishing rodses increased by 4% to 2.3 tons in 2022. Over the period under review, exports, however, saw a abrupt decrease.

In value terms, fishing rods exports shrank to $229K in 2022. In general, exports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 9.9% against the previous year.

Export of Fishing Rods in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden55115113093.0-44.7%
United Kingdom5.65.113.126.066.8%
FinlandN/A0.78.323.9484.3%
Germany85.28.117.823.9-34.5%
Austria7.93.914.719.735.6%
United States5.418.01.210.324.0%
Switzerland7.93.511.45.9-9.3%
Denmark3.520.138.34.26.3%
NetherlandsN/A13.1N/A1.4-67.3%
Others20.513.826.220.70.3%
Total687238261229-30.7%

Top Export Markets for Fishing Rods from Norway in 2022:

  1. Sweden (1651.0 kg)
  2. United Kingdom (129.0 kg)
  3. Finland (122.0 kg)
  4. Germany (72.0 kg)
  5. Austria (57.0 kg)
  6. United States (43.0 kg)
  7. Switzerland (42.0 kg)
  8. Denmark (37.0 kg)
  9. Netherlands (18.0 kg)

Source: IndexBox Market Intelligence Platform

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