Which Country Exports the Most Fishing Rods in the World?
Sports goods May 28, 2018
In 2016, the amount of fishing rod exported worldwide totaled 123K tonnes, ascending by 14% against the previous year figure. Overall, it indicated a prominent increase from 2007 to 2016: the total exports volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, fishing rod exports increased by +78.1% against its level of 2009. The most prominent rate of growth was recorded in 2014, an increase of 20% from the previous year level. Global fishing rod export peaked in 2016, and are expected to retain its growth in the near future.
In value terms, fishing rod exports totaled $2.9B in 2016. The total export value increased at an average annual rate of +2.0% over the period from 2007 to 2016; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, global fishing rod exports reached its maximum level of $3.1B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
Top Fishing Rod Exporting Countries in the World
1. China (1,280.3 million USD)
2. Japan (228.6 million USD)
3. USA (148.0 million USD)
4. Malaysia (121.4 million USD)
5. South Korea (109.8 million USD)
6. Singapore (98.2 million USD)
7. Netherlands (83.8 million USD)
8. Germany (67.4 million USD)
9. Spain (22.3 million USD)
10. United Arab Emirates (7.0 million USD)
Fishing Rod Exports By Country
China (73K tonnes) dominates in fishing rod exports structure, reaching 73K tonnes, which was approx. 59% of total exports in 2016. The U.S. (5.5K tonnes), Japan (4.9K tonnes), Singapore (3.3K tonnes), South Korea (3.3K tonnes), United Arab Emirates (2.9K tonnes), Germany (2.7K tonnes), Spain (2.4K tonnes), the Netherlands (2.2K tonnes), and Malaysia (2K tonnes) followed a long way behind this figure.
Exports from China increased at an average annual rate of +12.1% from 2007 to 2016. At the same time, United Arab Emirates (+13.3%), Spain (+9.4%), Japan (+2.8%), Singapore (+1.7%), and the U.S. (+1.5%) displayed positive paces of growth. Moreover, United Arab Emirates emerged as the fastest growing importer/exporter in the world, with a CAGR of +13.3% from 2007-2016. Germany, and the Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-3.1%), and South Korea (-3.6%) illustrated a downward trend over the same period. While the share of United Arab Emirates (-1.6%), and China (-38.2%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($1.3B) remains the largest fishing rod supplier in the world, making up 44% of global exports. The second position in the ranking was occupied by Japan ($229M), with the share of 8% of global exports. It was followed by the U.S., with the share of 5%.
From 2007 to 2016, the average annual growth rate of value of fishing rod exports in China expanded at +5.8%. In the other countries, the average annual rates were as follows: Japan (+1.1% per year) and the U.S. (+0.4% per year).
Fishing Rod Export Prices By Country
The average fishing rod export price stood at $24 per kg in 2016, dropping by -14.2% against the previous year. In general, fishing rod export price continues to indicate a moderate setback. The most prominent rate of growth was recorded in 2008, when export increased by 9% from the previous year level. Global fishing rod export peaked of $34 per kg in 2011; however, from 2012 to 2016, it failed to regain its strength.
Export prices varied noticeably by country of destination. the country with the highest export prices was Malaysia ($60 per kg), while United Arab Emirates ($2,404 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of fishing rod export prices was attained by Malaysia (+4.4% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global fishing rod market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- fishing rod market share
- fishing rod prices
- fishing rod industry
- fishing rod sales
- fishing rod import
- fishing rod export
- fishing rod market forecast
- fishing rod price forecast
- key fishing rod producers
All data provided in this article covers the following product: HS Code 9507 - Fishing rods, fish-hooks and other line fishing tackle; fish landing nets and the like; decoy birds (not those of heading no. 9208 or 9705) and similar hunting or shooting requisites.
Source: World: Fishing Rods And Other Line Fishing Tackle - Market Report. Analysis and Forecast to 2025
