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

Latest Report Update: Oct 14, 2022

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

Fishing Rod Market Size in Sri Lanka

After three years of growth, the Sri Lankan fishing rod market decreased by -X% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Fishing Rod Production in Sri Lanka

In value terms, fishing rod production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Fishing rod production peaked at $X in 2020, and then contracted in the following year.

Fishing Rod Exports

Exports from Sri Lanka

After two years of growth, shipments abroad of fishing rods and other line fishing tackle decreased by -X% to X tons in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its volume 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, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, fishing rod exports surged to $X in 2021. In general, total exports indicated a prominent increase 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, exports increased by +X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Norway (X tons) and Seychelles (X tons) were the main destinations of fishing rod exports from Sri Lanka, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Seychelles (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for fishing rod exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and New Zealand (+X% per year).

Export Prices by Country

The average fishing rod export price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2021: its price 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, fishing rod export price increased by +X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Seychelles ($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 Latvia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Sri Lanka

In 2021, approx. X tons of fishing rods and other line fishing tackle were imported into Sri Lanka; with an increase of X% against 2020 figures. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, fishing rod imports expanded slightly to $X in 2021. Over the period under review, total imports indicated notable growth 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, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 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 Sri Lanka, accounting for a X% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and South Korea (+X% per year).

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

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

Import Prices by Country

In 2021, the average fishing rod import price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the import price saw a deep downturn. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

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 United States remains the largest fishing rod consuming country worldwide, comprising approx. 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 constituted the country with the largest volume of fishing rod production, 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 taken by the United States, with a 6.2% share.

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

In value terms, China, Japan and South Korea were the largest fishing rod suppliers to Sri Lanka, together comprising 78% of total imports.

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

In value terms, the United States remains the key foreign market for fishing rod exports from Sri Lanka, comprising 58% of total exports. The second position in the ranking was taken by Canada, with a 7.6% share of total exports. It was followed by New Zealand, with a 6.4% share.

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

In 2021, the average fishing rod export price amounted to $42,296 per ton, with an increase of 60% against the previous year.

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

The average fishing rod import price stood at $13,584 per ton in 2021, declining by -22.3% against the previous year.

This report provides an in-depth analysis of the fishing rod market in Sri Lanka. 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:

• Sri Lanka

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Sri Lanka

• 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