Sri Lanka: Fishing Rod Market 2024

Fishing Rod Market Size in Sri Lanka

The Sri Lankan fishing rod market dropped slightly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then contracted slightly in the following year.

Fishing Rod Production in Sri Lanka

In value terms, fishing rod production expanded to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Fishing Rod Exports

Exports from Sri Lanka

In 2022, overseas shipments of fishing rods and other line fishing tackle decreased by less than X% to X units, falling for the second consecutive year after two years of growth. In general, total exports indicated a prominent increase 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained 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 shrank to $X in 2022. Over the period under review, total exports indicated a resilient 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 most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for fishing rod exports from Sri Lanka, accounting for a X% share of total exports. Moreover, fishing rod exports to the United States exceeded the volume sent to the second major destination, Norway (X units), threefold. New Zealand (X units) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

In 2022, the average fishing rod export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price showed a slight contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($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 Latvia (X%), while the prices for the other major destinations experienced a decline.

Fishing Rod Imports

Imports into Sri Lanka

In 2022, the amount of fishing rods and other line fishing tackle imported into Sri Lanka declined dramatically to X units, falling by X% against the year before. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then reduced notably in the following year.

In value terms, fishing rod imports contracted remarkably to $X in 2022. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest fishing rod supplier 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 units), fourfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average fishing rod import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then contracted in the following year.

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 Norway ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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