Kenya: Fishing Rod Market 2024

Fishing Rod Market Size in Kenya

The Kenyan fishing rod market shrank to $X in 2022, falling by X% against the previous year. Overall, consumption recorded a slight decline. Fishing rod consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Fishing Rod Production in Kenya

In value terms, fishing rod production fell to $X in 2022 estimated in export price. Overall, production showed a mild slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Fishing Rod Exports

Exports from Kenya

In 2022, approx. X units of fishing rods and other line fishing tackle were exported from Kenya; picking up by X% against 2021 figures. Over the period under review, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, fishing rod exports rose rapidly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for fishing rod exports from Kenya, accounting for a X% share of total exports. Moreover, fishing rod exports to South Africa exceeded the volume sent to the second major destination, Somalia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and the United States (X% per year).

In value terms, South Africa ($X) emerged as the key foreign market for fishing rods and other line fishing tackle exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Somalia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Africa totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and the United States (X% per year).

Export Prices by Country

The average fishing rod export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, export price indicated a mild 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 2020 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 reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Africa ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fishing Rod Imports

Imports into Kenya

In 2022, overseas purchases of fishing rods and other line fishing tackle decreased by X% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, fishing rod imports soared to $X in 2022. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X units), China (X units) and Turkey (X units) were the main suppliers of fishing rod imports to Kenya, together accounting for X% of total imports.

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

In value terms, South Africa ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Kenya, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average fishing rod import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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