Pakistan: Fishing Rod Market 2024

Fishing Rod Market Size in Pakistan

The Pakistani fishing rod market declined to $X in 2022, reducing by X% against the previous year. Overall, consumption showed a perceptible slump. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Fishing Rod Production in Pakistan

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

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Fishing Rod Exports

Exports from Pakistan

In 2022, shipments abroad of fishing rods and other line fishing tackle increased by X% to X units, rising for the third year in a row after two years of decline. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume 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 was the most pronounced in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, fishing rod exports skyrocketed to $X in 2022. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for fishing rod exports from Pakistan, with a X% share of total exports. Moreover, fishing rod exports to the United States exceeded the volume sent to the second major destination, Sweden (X units), more than tenfold. The third position in this ranking was taken by Cambodia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Cambodia (X% per year).

In value terms, the United States ($X) remains the key foreign market for fishing rods and other line fishing tackle exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Cambodia (X% per year).

Export Prices by Country

The average fishing rod export price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Pakistan

After two years of growth, overseas purchases of fishing rods and other line fishing tackle decreased by X% to X units in 2022. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped notably in the following year.

In value terms, fishing rod imports plummeted to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

The United Arab Emirates (X units) and China (X units) were the main suppliers of fishing rod imports to Pakistan.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Pakistan, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

In 2022, the average fishing rod import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a deep downturn. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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