Southern Asia: Fishing Rod Market 2024

Fishing Rod Market Size in Southern Asia

The South Asian fishing rod market contracted slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption recorded a mild shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Fishing Rod Production in Southern Asia

In value terms, fishing rod production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Fishing Rod Exports

Exports in Southern Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of fishing rods and other line fishing tackle, when their volume decreased by X% to X units. In general, exports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fishing rod exports fell markedly to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

In 2022, India (X units) was the largest exporter of fishing rods and other line fishing tackle, creating X% of total exports. It was distantly followed by Sri Lanka (X units), creating a X% share of total exports. Bangladesh (X units) and Pakistan (X units) held a relatively small share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Sri Lanka (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Sri Lanka (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest fishing rod supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

In India, fishing rod exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2021, and then fell in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Bangladesh ($X per unit) and Pakistan ($X per unit), while India ($X per unit) and Sri Lanka ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Fishing Rod Imports

Imports in Southern Asia

In 2022, overseas purchases of fishing rods and other line fishing tackle decreased by X% to X units for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then fell remarkably in the following year.

In value terms, fishing rod imports shrank sharply to $X in 2022. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, Bangladesh (X units) represented the largest importer of fishing rods and other line fishing tackle, making up X% of total imports. Sri Lanka (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and Maldives (X%).

Bangladesh was also the fastest-growing in terms of the fishing rods and other line fishing tackle imports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%), Maldives (X%) and India (X%) displayed positive paces of growth. While the share of Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Maldives (X p.p.), Sri Lanka (X p.p.) and India (X p.p.) displayed negative dynamics.

In value terms, India ($X), Bangladesh ($X) and Sri Lanka ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in Southern Asia stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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