Asia: Fishing Rod Market 2022

Fishing Rod Market Size in Asia

The Asian fishing rod market shrank to $X in 2021, declining by -X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Fishing Rod Production in Asia

In value terms, fishing rod production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Fishing Rod Exports

Exports in Asia

In 2021, shipments abroad of fishing rods and other line fishing tackle increased by X% to X tons, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod exports surged to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2021. Japan (X tons), South Korea (X tons), Vietnam (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Hong Kong SAR (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fishing rod supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

In China, fishing rod exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, rising by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the other leaders experienced more modest paces of growth.

Fishing Rod Imports

Imports in Asia

Fishing rod imports surged to X tons in 2021, growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod imports soared to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly X% of total imports in 2021. Indonesia (X tons) took the next position in the ranking, followed by Thailand (X tons), Hong Kong SAR (X tons), Singapore (X tons) and China (X tons). All these countries together held near X% share of total imports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), the United Arab Emirates (X tons), Malaysia (X tons) and Turkey (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported fishing rods and other line fishing tackle in Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by South Korea, with an X% share.

In Japan, fishing rod imports increased at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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