Global Fishing Rod Market 2023

Fishing Rod Market Size

The global fishing rod market rose slightly to $X in 2021, surging by 4.9% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by 8.4% against the previous year. Global consumption peaked in 2021 and is expected to retain growth in the immediate term.

Fishing Rod Production

In value terms, fishing rod production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 6.8% against the previous year. Over the period under review, global production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Fishing Rod Exports

Exports

In 2021, shipments abroad of fishing rods and other line fishing tackle increased by 29% to X tons, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod exports surged to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +62.5% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 70% of total exports in 2021. The following exporters - South Korea (X tons), Japan (X tons), the Netherlands (X tons), Vietnam (X tons), Poland (X tons) and the United States (X tons) - each accounted for an 11% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fishing rod exports from China stood at +5.5%. At the same time, Poland (+20.7%), the Netherlands (+13.3%), Vietnam (+8.0%), Japan (+1.6%) and South Korea (+1.6%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.7% from 2012-2021. By contrast, the United States (-4.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +5.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fishing rod supplier worldwide, comprising 50% of global exports. The second position in the ranking was held by Japan ($X), with a 7.2% share of global exports. It was followed by Vietnam, with a 3.9% share.

In China, fishing rod exports expanded at an average annual rate of +8.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+3.7% per year) and Vietnam (+13.3% per year).

Export Prices by Country

In 2021, the average fishing rod export price amounted to $X per ton, rising by 4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 4.7% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while China ($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 (+5.4%), while the other global leaders experienced more modest paces of growth.

Fishing Rod Imports

Imports

In 2021, approx. X tons of fishing rods and other line fishing tackle were imported worldwide; picking up by 46% on 2020. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.2% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod imports surged to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the largest importer of fishing rods and other line fishing tackle in the world, with the volume of imports reaching X tons, which was near 27% of total imports in 2021. Japan (X tons) held a 6.3% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (6%) and Indonesia (5.1%). Russia (X tons), the UK (X tons), Thailand (X tons), France (X tons), Germany (X tons), the Netherlands (X tons), Poland (X tons), Belarus (X tons) and Hong Kong SAR (X tons) took a little share of total imports.

Imports into the United States increased at an average annual rate of +13.4% from 2012 to 2021. At the same time, Belarus (+46.7%), Thailand (+21.4%), Indonesia (+16.3%), South Korea (+12.1%), Poland (+11.4%), Japan (+5.9%), the Netherlands (+5.7%), Hong Kong SAR (+3.8%), the UK (+2.6%) and France (+2.0%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the world, with a CAGR of +46.7% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Russia (-3.8%) illustrated a downward trend over the same period. While the share of the United States (+13 p.p.), Indonesia (+3 p.p.), South Korea (+2.6 p.p.), Thailand (+2.2 p.p.) and Belarus (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Russia (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported fishing rods and other line fishing tackle worldwide, comprising 27% of global imports. The second position in the ranking was held by Japan ($X), with a 13% share of global imports. It was followed by South Korea, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +7.6%. In the other countries, the average annual rates were as follows: Japan (+6.3% per year) and South Korea (+12.6% per year).

Import Prices by Country

In 2021, the average fishing rod import price amounted to $X per ton, reducing by -6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 4.5% against the previous year. Global import price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform