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

Contents:

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

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

The average import price for fish-hooks; whether or not snelleds stood at $1,198 per ton in 2022, shrinking by -29.1% against the previous year. Over the period under review, the import price showed a precipitous contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 181% against the previous year. Over the period under review, average import prices reached the peak figure at $39,672 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,623 per ton), while the price for Thailand stood at $439 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for fish-hooks; whether or not snelleds stood at $2,751 per ton in 2022, shrinking by -87.7% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 a decrease of -19.1%. Over the period under review, the average export prices reached the peak figure at $70,521 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,803 per ton), while the average price for exports to Taiwan (Chinese) ($2,755 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-20.3%), while the prices for the other major destinations experienced a decline.

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

For the fourth year in a row, Myanmar recorded growth in overseas purchases of fish-hooks; whether or not snelleds, which increased by 44% to 78 tons in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fish-hooks; whether or not snelled imports expanded slightly to $94K in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +50.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Import of Fish-Hooks; Whether or Not Snelled in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China61.768.478.581.49.7%
Thailand0.50.62.112.3190.8%
JapanN/A19.311.1N/A-42.5%
OthersN/A0.8N/AN/A0%
Total62.289.091.693.814.7%

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

  1. China (50.2 tons)
  2. Thailand (28.1 tons)

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

In 2022, approx. 73 tons of fish-hooks; whether or not snelleds were exported from Myanmar; with an increase of 4,414% compared with 2021. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fish-hooks; whether or not snelled exports skyrocketed to $201K in 2022. Over the period under review, exports posted a resilient expansion.

Export of Fish-Hooks; Whether or Not Snelled in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan12942232.717610.9%
ChinaN/AN/A2.715.3466.7%
Taiwan (Chinese)6.0N/A0.48.612.7%
OthersN/AN/A0.51.3160.0%
Total13542236.420114.2%

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

  1. Japan (63.9 tons)
  2. China (5.5 tons)
  3. Taiwan (Chinese) (3.1 tons)

Source: IndexBox Market Intelligence Platform

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