Myanmar: Fishing Rod Market 2022

Fishing Rod Market Size in Myanmar

After four years of growth, the Myanmar's fishing rod market decreased by -X% to $X in 2021. In general, consumption recorded a slight slump. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Fishing Rod Production in Myanmar

In value terms, fishing rod production declined to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Fishing Rod Exports

Exports from Myanmar

For the third year in a row, Myanmar recorded growth in overseas shipments of fishing rods and other line fishing tackle, which increased by X% to X tons in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, fishing rod exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Japan (X tons) was the main destination for fishing rod exports from Myanmar, with a X% share of total exports. Moreover, fishing rod exports to Japan exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to +X%.

In value terms, Japan ($X) remains the key foreign market for fishing rod exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to +X%.

Export Prices by Country

In 2021, the average fishing rod export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2021: its price 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, fishing rod export price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%).

Fishing Rod Imports

Imports into Myanmar

In 2021, supplies from abroad of fishing rods and other line fishing tackle increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, fishing rod imports expanded markedly to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons), China (X tons) and Thailand (X kg) were the main suppliers of fishing rod imports to Myanmar.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest fishing rod suppliers to Myanmar were Japan ($X), China ($X) and Thailand ($X), with a combined X% share of total imports.

Japan, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the import price saw a mild reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Thailand ($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 a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :