Which Country Exports the Most Fishing Rods in the World?

IndexBox has just published a new report "World: Fishing Rods And Other Line Fishing Tackle - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global fishing rod imports totaled 192K tonnes, approximately reflecting the previous year level. In general, fishing rod imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when import increased by 7% year-to-year. Over the period under review, global fishing rod imports attained its maximum volume of 202K tonnes in 2007- however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, fishing rod imports stood at $2.8B in 2016. The total import value increased at an average annual rate of +1.4% from 2007 to 2016- the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. Over the period under review, global fishing rod imports attained its maximum level of $2.8B in 2014- afterwards, it flattened through to 2016.

Top Fishing Rod Importing Countries in the World

1. USA (732.1 million USD)

2. Japan (376.9 million USD)

3. Germany (108.3 million USD)

4. France (107.6 million USD)

5. Singapore (102.6 million USD)

6. South Korea (100.2 million USD)

7. United Kingdom (93.0 million USD)

8. Australia (74.4 million USD)

9. Spain (60.2 million USD)

10. China (52.0 million USD)

11. Russia (24.0 million USD)

12. Indonesia (11.8 million USD)

Fishing Rod Imports By Country

In 2016, China (73K tonnes) was the major importer for fishing rod, making up 38% of total imports. It was distantly followed by the U.S. (18K tonnes), making up 9% share of total fishing rod imports. Japan (7.4K tonnes), South Korea (5.4K tonnes), Russia (5K tonnes), France (4.7K tonnes), Spain (4.5K tonnes), Germany (4.3K tonnes), the UK (4.3K tonnes), Indonesia (3.7K tonnes), Australia (3.6K tonnes), and Singapore (3.4K tonnes) followed a long way behind this figure.

China experienced a relatively flat trend pattern. At the same time, Indonesia (+2.9%), Spain (+2.3%), and South Korea (+1.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest growing importer/exporter in the world, with a CAGR of +2.9% from 2007-2016. Germany, and the U.S. experienced a relatively flat trend pattern. By contrast, Japan (-1.0%), Russia (-1.4%), Australia (-1.6%), Singapore (-2.0%), France (-2.1%), and the UK (-5.3%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the largest fishing rod markets worldwide were the U.S. ($732M), Japan ($377M) and Germany ($108M), with a combined 44% share of global imports.

Germany (+5.7% per year) had the highest growth rate of fishing rod imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Fishing Rod Import Prices By Country

The average fishing rod import price stood at $14 per kg in 2016, remaining constant against the previous year level. Over the last nine years it increased at an average annual rate of +1.9%.The pace of growth appeared the most rapid in 2011, when import price increased by 7% year-to-year. Global fishing rod import peaked of $15 per kg in 2015, leveling off in the following year.

Import prices varied noticeably by country of destination. the country with the highest import prices was Japan ($51 per kg), while China ($713 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of fishing rod import prices was attained by Japan (+5.9% 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