China: Fishing Rod Market 2022

Fishing Rod Market Size in China

In 2021, the Chinese fishing rod market decreased by -X% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2020, and then declined sharply in the following year.

Fishing Rod Production in China

In value terms, fishing rod production dropped 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 only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020, and then shrank slightly in the following year.

Fishing Rod Exports

Exports from China

In 2021, shipments abroad of fishing rods and other line fishing tackle increased by X% to X tons, rising for the fifth year in a row after three 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 in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod exports skyrocketed to $X in 2021. In general, total exports indicated resilient growth 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 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for fishing rod exports from China, accounting for a X% share of total exports. Moreover, fishing rod exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (+X% per year).

In value terms, the United States ($X) remains the key foreign market for fishing rod exports from China, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2021, the average fishing rod export price amounted to $X per ton, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into China

In 2021, fishing rod imports into China rose notably to X tons, with an increase of X% compared with the previous year. In general, imports saw a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, fishing rod imports soared to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Malaysia (X tons), Japan (X tons) and Vietnam (X tons) were the main suppliers of fishing rod imports to China, together accounting for X% of total imports. These countries were followed by South Korea, Thailand, the United States and Indonesia, which together accounted for a further X 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of fishing rod to China, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2021, the average fishing rod import price amounted to $X per ton, jumping 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 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :