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Report Philippines - Fishing Rods and Other Line Fishing Tackle - Market Analysis, Forecast, Size, Trends and Insights for 499$

Latest Report Update: Oct 14, 2022

Philippines - Fishing Rods and Other Line Fishing Tackle - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Fishing Rod Market 2022

Fishing Rod Market Size in the Philippines

After two years of growth, the Philippine fishing rod market decreased by -X% to $X in 2021. In general, the total consumption 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, consumption increased by +X% against 2013 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Fishing Rod Production in the Philippines

In value terms, fishing rod production reduced to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase 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, production increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Fishing Rod Exports

Exports from the Philippines

In 2021, approx. X tons of fishing rods and other line fishing tackle were exported from the Philippines; surging by X% compared with 2020. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, fishing rod exports declined remarkably to $X in 2021. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then fell dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for fishing rod exports from the Philippines, with a X% share of total exports. Moreover, fishing rod exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and the UK (+X% per year).

In value terms, the United States ($X), Japan ($X) and France ($X) constituted the largest markets for fishing rod exported from the Philippines worldwide, together accounting for X% of total exports.

Among the main countries of destination, the United States, with a CAGR of +X%, saw 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, dropping by -X% against the previous year. Overall, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to the United States ($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 France (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Fishing Rod Imports

Imports into the Philippines

In 2021, overseas purchases of fishing rods and other line fishing tackle decreased by -X% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports saw a noticeable reduction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then plummeted in the following year.

In value terms, fishing rod imports reduced sharply to $X in 2021. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest fishing rod supplier to the Philippines, 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), threefold. South Korea (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest fishing rod suppliers to the Philippines were Japan ($X), China ($X) and South Korea ($X), together accounting for X% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, import price indicated a prominent 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. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2021	2007-2021	2022-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for fishing rods and other line fishing tackle in the world?

The country with the largest volume of fishing rod consumption was the United States, accounting for 23% of total volume. Moreover, fishing rod consumption in the United States exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was held by Japan, with an 8.9% share.

What are the largest producers of fishing rods and other line fishing tackle in the world?

China constituted the country with the largest volume of fishing rod production, comprising approx. 56% of total volume. Moreover, fishing rod production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The United States ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of fishing rods and other line fishing tackle to the Philippines?

In value terms, Japan, China and South Korea were the largest fishing rod suppliers to the Philippines, together accounting for 75% of total imports.

What are the leading importers of fishing rods and other line fishing tackle from the Philippines?

In value terms, the largest markets for fishing rod exported from the Philippines were the United States, Japan and France, together comprising 88% of total exports.

What is the average export price for fishing rods and other line fishing tackle in the Philippines?

In 2021, the average fishing rod export price amounted to $28,168 per ton, with a decrease of -30.4% against the previous year.

What is the average import price for fishing rods and other line fishing tackle in the Philippines?

The average fishing rod import price stood at $14,108 per ton in 2021, growing by 15% against the previous year.

This report provides an in-depth analysis of the fishing rod market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 32301600 - Fishing rods, other line fishing tackle, articles for hunting or fishing n.e.c.

Country coverage:

• Philippines

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in the Philippines

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance