Ghana: Fishing Rod Market 2024

Fishing Rod Market Size in Ghana

The Ghanian fishing rod market skyrocketed to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fishing Rod Exports

Exports from Ghana

After two years of growth, shipments abroad of fishing rods and other line fishing tackle decreased by X% to X units in 2022. Overall, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fishing rod exports reduced notably to $X in 2022. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for fishing rod exports from Ghana, accounting for a X% share of total exports. Moreover, fishing rod exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Mali (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Burkina Faso (X% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for fishing rods and other line fishing tackle exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The average fishing rod export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mali ($X per unit), while the average price for exports to Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Fishing Rod Imports

Imports into Ghana

In 2022, the amount of fishing rods and other line fishing tackle imported into Ghana surged to X units, increasing by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fishing rod imports contracted slightly to $X in 2022. In general, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest fishing rod supplier to Ghana, with a X% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), eightfold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, the largest fishing rod suppliers to Ghana were Japan ($X), China ($X) and South Korea ($X), together accounting for X% of total imports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average fishing rod import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 mixed trend patterns.

Source: IndexBox Platform

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