Fishing Rods Price in Canada - 2023

Fishing Rods Price in Canada (CIF) - 2022

In 2022, the average fishing rods import price amounted to $58,066 per ton, falling by -6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. As a result, import price reached the peak level of $62,157 per ton, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($58,066 per ton) and Mexico ($58,066 per ton), while the price for South Korea ($58,066 per ton) and China ($58,066 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Fishing Rods Price in Canada (FOB) - 2022

In 2022, the average fishing rods export price amounted to $72,196 per ton, which is down by -12.7% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 20% against the previous year. The export price peaked at $82,710 per ton in 2021, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($72,196 per ton), while the average price for exports to Finland amounted to $72,196 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+4.0%).

Fishing Rods Imports in Canada

In 2022, approx. 347 tons of fishing rodses were imported into Canada; picking up by 33% against the year before. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 +56.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fishing rods imports soared to $20M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +63.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Fishing Rods in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	8.7	8.3	10.4	13.2	14.9%
United States	2.8	2.6	3.5	4.4	16.3%
Mexico	0.8	0.7	1.0	1.1	11.2%
South Korea	0.7	0.5	0.7	0.7	0.0%
Vietnam	0.1	0.1	0.3	0.5	71.0%
Others	0.2	0.1	0.2	0.2	0.0%
Total	13.2	12.3	16.2	20.1	15.0%

Top Suppliers of Fishing Rods to Canada in 2022:

China (226.9 tons)
United States (76.3 tons)
Mexico (18.8 tons)
South Korea (12.4 tons)
Vietnam (8.5 tons)

Fishing Rods Exports in Canada

In 2022, approx. 186 tons of fishing rodses were exported from Canada; growing by 1.8% compared with the year before. The total export volume increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, fishing rods exports contracted to $13M in 2022. The total export value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $15M, and then declined in the following year.