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

Latest Report Update: Oct 14, 2022

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

Fishing Rod Market Size in Saudi Arabia

In 2021, the Saudi fishing rod market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a dramatic contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Fishing Rod Exports

Exports from Saudi Arabia

In 2021, shipments abroad of fishing rods and other line fishing tackle decreased by -X% to X kg, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, fishing rod exports dropped to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank in the following year.

Exports by Country

Oman (X kg) was the main destination for fishing rod exports from Saudi Arabia, with a X% share of total exports. Moreover, fishing rod exports to Oman exceeded the volume sent to the second major destination, Indonesia (X kg), eightfold. Hungary (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Hungary (X% per year).

In value terms, the largest markets for fishing rod exported from Saudi Arabia were Oman ($X), Latvia ($X) and Hungary ($X), with a combined X% share of total exports. These countries were followed by Tanzania, Sudan and Indonesia, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fishing rod export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw a prominent increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Latvia ($X per ton), while the average price for exports to Indonesia ($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 Indonesia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Fishing Rod Imports

Imports into Saudi Arabia

In 2021, after two years of growth, there was significant decline in overseas purchases of fishing rods and other line fishing tackle, when their volume decreased by -X% to X tons. Overall, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fishing rod imports shrank remarkably to $X in 2021. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fishing rod to Saudi Arabia, with a X% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -X%.

In value terms, China ($X) constituted the largest supplier of fishing rod to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%.

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. In general, the import price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2020, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

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. Japan ranked third in terms of total consumption with an 8.9% share.

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

China remains the largest fishing rod producing country worldwide, accounting for 56% of total volume. Moreover, fishing rod production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was held by the United States, with a 6.2% share.

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

In value terms, China constituted the largest supplier of fishing rod to Saudi Arabia, comprising 64% of total imports. The second position in the ranking was taken by South Korea, with a 3.8% share of total imports.

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

In value terms, the largest markets for fishing rod exported from Saudi Arabia were Oman, Latvia and Hungary, together accounting for 90% of total exports. Tanzania, Sudan and Indonesia lagged somewhat behind, together comprising a further 10%.

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

The average fishing rod export price stood at $54,934 per ton in 2021, rising by 193% against the previous year.

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

In 2021, the average fishing rod import price amounted to $14,939 per ton, declining by -13.1% against the previous year.

This report provides an in-depth analysis of the fishing rod market in Saudi Arabia. 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:

• Saudi Arabia

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Saudi Arabia

• 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