Japan: Fishing Rod Market 2022

Fishing Rod Market Size in Japan

The Japanese fishing rod market skyrocketed to $X in 2021, increasing by X% against the previous year. In general, consumption, however, saw a mild setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Fishing Rod Production in Japan

In value terms, fishing rod production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Fishing rod production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Fishing Rod Exports

Exports from Japan

In 2021, overseas shipments of fishing rods and other line fishing tackle decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, fishing rod exports rose slightly to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of fishing rod exports from Japan, with a combined X% share of total exports. Vietnam, Hong Kong SAR, Taiwan (Chinese), Thailand, Australia, Singapore, Malaysia, the Netherlands, France and the Philippines lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for fishing rod exported from Japan were China ($X), the United States ($X) and South Korea ($X), with a combined X% share of total exports. These countries were followed by Taiwan (Chinese), Hong Kong SAR, Vietnam, Thailand, Australia, the Netherlands, Singapore, France, Malaysia and the Philippines, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of 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 ton in 2021, with an increase of X% against the previous year. In general, the export price saw a buoyant expansion. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($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 the Philippines (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Japan

In 2021, fishing rod imports into Japan surged to X tons, rising by X% against 2020 figures. The total import 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, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod imports surged to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fishing rod to Japan, with a X% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sevenfold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

From 2012 to 2021, 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: Vietnam (+X% per year) and Malaysia (+X% per year).

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

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

Import Prices by Country

In 2021, the average fishing rod import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

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

Source: IndexBox Market Intelligence Platform

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