Angola: Fishing Rod Market 2024

Fishing Rod Market Size in Angola

The Angolan fishing rod market skyrocketed to $X in 2021, rising by 155% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a tangible increase. Fishing rod consumption peaked in 2021 and is expected to retain growth in years to come.

Fishing Rod Exports

Exports from Angola

Fishing rod exports from Angola dropped notably to X kg in 2021, falling by -59.2% on the previous year. Over the period under review, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 390% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, fishing rod exports dropped significantly to $X in 2021. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 290%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X kg) was the main destination for fishing rod exports from Angola, accounting for a 37% share of total exports. Moreover, fishing rod exports to Portugal exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), threefold. South Africa (X kg) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (0.0% per year) and South Africa (+5.1% per year).

In value terms, France ($X), Portugal ($X) and South Africa ($X) appeared to be the largest markets for fishing rod exported from Angola worldwide, together accounting for 81% of total exports.

South Africa, with a CAGR of +13.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fishing rod export price amounted to $X per ton, with a decrease of -10.2% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 84%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($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 South Africa (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Angola

In 2021, fishing rod imports into Angola soared to X tons, with an increase of 118% compared with 2020 figures. Over the period under review, imports showed notable growth. The pace of growth appeared the most rapid in 2017 when imports increased by 414%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, fishing rod imports soared to $X in 2021. In general, imports recorded a notable increase. The pace of growth appeared the most rapid in 2017 with an increase of 267% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest fishing rod supplier to Angola, accounting for a 61% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sevenfold. The third position in this ranking was held by Israel (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-8.3% per year) and Israel (+154.0% per year).

In value terms, the largest fishing rod suppliers to Angola were Portugal ($X), China ($X) and South Africa ($X), with a combined 53% share of total imports. These countries were followed by Spain, Israel and Zambia, which together accounted for a further 2.1%.

Israel, with a CAGR of +106.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, rising by 27% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 36%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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