Hong Kong SAR, China: Fishing Rod Market 2024

Fishing Rod Market Size in Hong Kong SAR, China

The Hong Kong fishing rod market dropped modestly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, saw prominent growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Fishing Rod Production in Hong Kong SAR, China

In value terms, fishing rod production expanded to $X in 2022 estimated in export price. In general, production, however, faced a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Fishing rod production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Fishing Rod Exports

Exports from Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in shipments abroad of fishing rods and other line fishing tackle, when their volume decreased by X% to X units. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, fishing rod exports declined dramatically to $X in 2022. Overall, total exports indicated a modest expansion from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Japan (X units), China (X units) and the United States (X units) were the main destinations of fishing rod exports from Hong Kong SAR, with a combined X% share of total exports. Australia, France, Vietnam, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Japan ($X), China ($X) and the United States ($X) were the largest markets for fishing rod exported from Hong Kong SAR worldwide, with a combined X% share of total exports. Australia, France, Vietnam, the Netherlands and the UK lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fishing rod export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, export price indicated a buoyant increase 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. Based on 2022 figures, fishing rod export price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and France ($X per unit), while the average price for exports to Vietnam ($X per unit) and the UK ($X per unit) were amongst the lowest.

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

Fishing Rod Imports

Imports into Hong Kong SAR, China

Fishing rod imports into Hong Kong SAR contracted notably to X units in 2022, waning by X% compared with the previous year. Overall, imports saw a mild descent. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, fishing rod imports dropped notably to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest fishing rod supplier to Hong Kong SAR, with a X% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average fishing rod import price amounted to $X per unit, increasing by X% against the previous year. Overall, import price indicated a strong increase 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. Based on 2022 figures, fishing rod import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Japan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :