ECOWAS: Fishing Rod Market 2024

Fishing Rod Market Size in ECOWAS

After two years of decline, the ECOWAS fishing rod market increased by X% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Fishing Rod Production in ECOWAS

In value terms, fishing rod production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Fishing Rod Exports

Exports in ECOWAS

In 2022, approx. X units of fishing rods and other line fishing tackle were exported in ECOWAS; increasing by X% against 2021. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fishing rod exports fell slightly to $X in 2022. Over the period under review, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Nigeria (X units) was the major exporter of fishing rods and other line fishing tackle, achieving X% of total exports. Cote d'Ivoire (X units) held the second position in the ranking, distantly followed by Senegal (X units) and Togo (X units). All these countries together took near X% share of total exports. Ghana (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fishing rod supplying countries in ECOWAS were Nigeria ($X), Cote d'Ivoire ($X) and Togo ($X), with a combined X% share of total exports.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, waning by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Fishing Rod Imports

Imports in ECOWAS

In 2022, overseas purchases of fishing rods and other line fishing tackle were finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, saw a noticeable slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, fishing rod imports contracted to $X in 2022. Overall, imports, however, showed a pronounced slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria (X units) and Ghana (X units) represented roughly X% of total imports in 2022. It was distantly followed by Guinea (X units), Mali (X units), Senegal (X units), Gambia (X units) and Cote d'Ivoire (X units), together achieving a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Gambia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fishing rod importing markets in ECOWAS were Mali ($X), Ghana ($X) and Guinea ($X), together accounting for X% of total imports. Cote d'Ivoire, Senegal, Nigeria and Gambia lagged somewhat behind, together accounting for a further X%.

Gambia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price saw a mild reduction. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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