Russian Federation: Fishing Rod Market 2024

Fishing Rod Market Size in the Russian Federation

The Russian fishing rod market reduced notably to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Fishing Rod Exports

Exports from the Russian Federation

In 2022, the amount of fishing rods and other line fishing tackle exported from Russia reduced remarkably to X units, shrinking by X% on the previous year. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then shrank significantly in the following year.

In value terms, fishing rod exports shrank significantly to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Estonia (X units) was the main destination for fishing rod exports from Russia, with a X% share of total exports. Moreover, fishing rod exports to Estonia exceeded the volume sent to the second major destination, Belarus (X units), fivefold. Kazakhstan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

In value terms, Estonia ($X) emerged as the key foreign market for fishing rods and other line fishing tackle exports from Russia, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average fishing rod export price stood at $X per unit in 2022, remaining constant against the previous year. In general, the export price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to Ukraine ($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 Belarus (X%), while the prices for the other major destinations experienced a decline.

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Fishing Rod Imports

Imports into the Russian Federation

Fishing rod imports into Russia shrank markedly to X units in 2022, dropping by X% on 2021. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, fishing rod imports reduced sharply to $X in 2022. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main fishing rod supplier to Russia, with a X% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X units), more than tenfold. The third position in this ranking was taken by Finland (X units), with a X% share.

From 2012 to 2022, 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: Belarus (X% per year) and Finland (X% per year).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Russia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, 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: Finland (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the average fishing rod import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 Platform

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