Western Africa: Fishing Rod Market 2024

Fishing Rod Market Size in Western Africa

In 2022, the West African fishing rod market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Fishing Rod Production in Western Africa

In value terms, fishing rod production declined modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Fishing Rod Exports

Exports in Western Africa

In 2022, the amount of fishing rods and other line fishing tackle exported in Western Africa rose rapidly to X units, increasing by X% compared with the year before. Overall, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fishing rod exports shrank to $X in 2022. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria represented the key exporting country with an export of about X units, which amounted to X% of total exports. Cote d'Ivoire (X units) held the second position in the ranking, distantly followed by Senegal (X units) and Togo (X units). All these countries together took near X% share of total exports. Ghana (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fishing rod supplying countries in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Togo ($X), with a combined X% share of total exports.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, declining by X% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Fishing Rod Imports

Imports in Western Africa

In 2022, supplies from abroad of fishing rods and other line fishing tackle was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, fishing rod imports dropped to $X in 2022. Overall, imports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X units) and Ghana (X units) were the key importers of fishing rods and other line fishing tackle in Western Africa, together accounting for approx. X% of total imports. It was distantly followed by Guinea (X units), Mali (X units), Senegal (X units), Gambia (X units) and Cote d'Ivoire (X units), together making up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mali ($X), Ghana ($X) and Guinea ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Cote d'Ivoire, Senegal, Nigeria and Gambia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Gambia, 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 Western Africa stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then contracted markedly in the following year.

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

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

Source: IndexBox Platform

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