U.S. - Fishing Rods And Other Line Fishing Tackle - Market Analysis, Forecast, Size, Trends and Insights
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U.S. - Fishing Rods And Other Line Fishing Tackle - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Sep 20, 2022

Fishing Rod Price Continues to Decline After Reaching its Maximum in May

U.S. Fishing Rod Import Price per Ton July 2022

In July 2022, the fishing rod price per ton stood at $3,655, falling by -3.3% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 20% m-o-m. As a result, import price reached the peak level of $4,582 per ton. From June 2022 to July 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was Vietnam ($5,068 per ton), while the price for South Korea ($1,463 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.5%), while the prices for the other major suppliers experienced a decline.

U.S. Fishing Rod Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In July 2022, the product with the highest price was fish-hooks; whether or not snelled ($27,474 per ton), while the price for other fishing tackle, butterfly nets, decoy "birds" and similar requisites ($1,694 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by fishing rods (+4.3%), while the prices for the other products experienced more modest paces of growth.

U.S. Fishing Rod Imports

Fishing rod imports into the United States dropped remarkably to 23K tons in July 2022, waning by -16.5% on June 2022 figures. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in June 2022 when imports increased by 20% m-o-m. Over the period under review, imports reached the peak figure at 36K tons in March 2022; however, from April 2022 to July 2022, imports failed to regain momentum.

In value terms, fishing rod imports dropped remarkably to $84M (IndexBox estimates) in July 2022. Overall, imports recorded a noticeable decrease. The pace of growth was the most pronounced in March 2022 with an increase of 11% m-o-m. As a result, imports attained the peak of $131M. From April 2022 to July 2022, the growth of imports remained at a lower figure.

U.S. Fishing Rod Imports by Type

In July 2022, other fishing tackle, butterfly nets, decoy "birds" and similar requisites (17K tons) constituted the largest type of fishing rod supplied to the United States, with a 74% share of total imports. Moreover, other fishing tackle, butterfly nets, decoy "birds" and similar requisites exceeded the figures recorded for the second-largest type, fishing rods (3.7K tons), fivefold. Fishing reels (2.1K tons) ranked third in terms of total imports with an 8.9% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of import of other fishing tackle, butterfly nets, decoy "birds" and similar requisites totaled -4.2%. With regard to the other supplied products, the following average monthly rates of growth were recorded: fishing rods (-9.5% per month) and fishing reels (-8.7% per month).

In value terms, other fishing tackle, butterfly nets, decoy "birds" and similar requisites ($29M), fishing reels ($29M) and fishing rods ($22M) were the most imported types of fishing rods and other line fishing tackle in the United States, with a combined 95% share of total imports. Fish-hooks; whether or not snelled lagged somewhat behind, comprising a further 5.3%.

U.S. Fishing Rod Imports by Country

In July 2022, China (17K tons) constituted the largest supplier of fishing rod to the United States, accounting for a 74% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, South Korea (2.6K tons), sevenfold. The third position in this ranking was held by Japan (1.1K tons), with a 4.8% share.

From January 2022 to July 2022, the average monthly growth rate of volume from China stood at -4.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-1.5% per month) and Japan (-1.5% per month).

In value terms, China ($56M) constituted the largest supplier of fishing rod to the United States, comprising 66% of total imports. The second position in the ranking was held by Japan ($5.2M), with a 6.2% share of total imports. It was followed by South Korea, with a 4.5% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of value from China totaled -5.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-7.3% per month) and South Korea (-3.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fishing rod market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Product coverage:
• Prodcom 32301600 - Fishing rods, other line fishing tackle, articles for hunting or fishing n.e.c.
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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