Iceland: Fishing Rod Market Overview 2020

Fishing Rod Market Size in Iceland

The revenue of the fishing rod market in Iceland amounted to $X in 2018, going down 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). In general, fishing rod consumption continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Iceland fishing rod consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Fishing Rod Exports

Exports from Iceland

Fishing rod exports from Iceland stood at X units in 2018, reducing by -X% against the previous year. Over the period under review, fishing rod exports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. In that year, fishing rod exports reached their peak of X units. From 2016 to 2018, the growth of fishing rod exports remained at a lower figure.

In value terms, fishing rod exports stood at $X in 2018. Over the period under review, fishing rod exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Iceland exports peaked at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China dominates fishing rod exports structure, reaching X units, which was approx. X% of total exports in 2018. It was distantly followed by Japan (X units), creating a X% share of total exports. Malaysia (X units), Singapore (X units), Viet Nam (X units), Thailand (X units), South Korea (X units), the Netherlands (X units) and Indonesia (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Viet Nam (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Singapore, the Netherlands and Malaysia experienced a relatively flat trend pattern. By contrast, South Korea (-X%), Japan (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Viet Nam (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Indonesia (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fishing rod supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2018, the fishing rod export price in Iceland amounted to $X per unit, declining by -X% against the previous year. Overall, the fishing rod export price, however, continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, the export prices for fishing rods and other line fishing tackle reached their peak figure at $X per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Singapore ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Fishing Rod Imports

Imports into Iceland

In 2018, the amount of fishing rods and other line fishing tackle imported into Iceland totaled X units, shrinking by -X% against the previous year. Over the period under review, fishing rod imports continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Iceland imports peaked at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, fishing rod imports amounted to $X in 2018. Over the period under review, fishing rod imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Iceland imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units), followed by Japan (X units), Indonesia (X units) and Russia (X units) were the key importers of fishing rods and other line fishing tackle, together constituting X% of total imports. China (X units), South Korea (X units), Germany (X units), Spain (X units), Thailand (X units), France (X units), Australia (X units) and Singapore (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia, while the other leaders experienced more modest paces of growth.

In value terms, the largest fishing rod importing markets into Iceland were the U.S. ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports. These countries were followed by Singapore, Germany, France, Australia, China, Spain, Thailand, Indonesia, Russia and Iceland, which together accounted for a further X terms of the main importing countries, Indonesia experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The fishing rod import price in Iceland stood at $X per unit in 2018, lowering by -X% against the previous year. Overall, the fishing rod import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. Over the period under review, the import prices for fishing rods and other line fishing tackle reached their peak figure at $X per unit in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Singapore ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform