Malaysia: Fishing Rod Market 2022

Fishing Rod Market Size in Malaysia

In 2021, the Malaysian fishing rod market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a remarkable increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the near future.

Fishing Rod Production in Malaysia

In value terms, fishing rod production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Fishing rod production peaked at $X in 2020, and then reduced in the following year.

Fishing Rod Exports

Exports from Malaysia

In 2021, the amount of fishing rods and other line fishing tackle exported from Malaysia contracted dramatically to X tons, which is down by -X% on the previous year. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fishing rod exports fell to $X in 2021. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of fishing rod exports from Malaysia, with a combined X% share of total exports. These countries were followed by Australia, China, Singapore and South Korea, which together accounted for 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 China (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and the Netherlands ($X) were the largest markets for fishing rod exported from Malaysia worldwide, together comprising X% of total exports. These countries were followed by China, Australia, Singapore and South Korea, which together accounted for a further X the main countries of destination, China, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, 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, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to South Korea ($X per ton) and China ($X per ton), while the average price for exports to Singapore ($X per ton) and Japan ($X per ton) were amongst the lowest.

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

Fishing Rod Imports

Imports into Malaysia

After three years of decline, purchases abroad of fishing rods and other line fishing tackle increased by X% to X tons in 2021. In general, imports, however, faced a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fishing rod imports soared to $X in 2021. Overall, imports, however, continue to indicate a noticeable curtailment. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Singapore (-X% per year).

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

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

Import Prices by Country

In 2021, the average fishing rod import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fishing rod import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :