Azerbaijan: Fishing Rod Market 2024

Fishing Rod Market Size in Azerbaijan

The Azerbaijani fishing rod market dropped to $X in 2021, falling by -5.1% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Fishing Rod Production in Azerbaijan

In value terms, fishing rod production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Fishing Rod Exports

Exports from Azerbaijan

In 2021, exports of fishing rods and other line fishing tackle from Azerbaijan soared to X kg, jumping by 35% on the previous year. Over the period under review, exports, however, showed a precipitous setback. The growth pace was the most rapid in 2019 with an increase of 100% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, fishing rod exports reduced markedly to $X in 2021. In general, exports, however, saw a dramatic decrease. The growth pace was the most rapid in 2014 with an increase of 67%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X kg) was the main destination for fishing rod exports from Azerbaijan, with a 96% share of total exports. Moreover, fishing rod exports to Georgia exceeded the volume sent to the second major destination, Russia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia stood at -22.0%.

In value terms, Georgia ($X) remains the key foreign market for fishing rods and other line fishing tackle exports from Azerbaijan, comprising 98% of total exports. The second position in the ranking was taken by Russia ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia amounted to -23.0%.

Export Prices by Country

The average fishing rod export price stood at $X per ton in 2021, which is down by -49.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 104%. As a result, the export price reached the peak level of $X per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Georgia ($X per ton), while the average price for exports to Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-1.2%).

Fishing Rod Imports

Imports into Azerbaijan

In 2021, after five years of growth, there was significant decline in purchases abroad of fishing rods and other line fishing tackle, when their volume decreased by -11% to X tons. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 448% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, fishing rod imports reduced to $X in 2021. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 1,365%. Over the period under review, imports attained the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X tons) was the main fishing rod supplier to Azerbaijan, accounting for a 96% share of total imports. It was followed by Ukraine (X tons), with a 2.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +87.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+18.8% per year) and Turkey (-20.0% per year).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Azerbaijan, comprising 93% of total imports. The second position in the ranking was held by Ukraine ($X), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +114.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+25.8% per year) and Turkey (-5.8% per year).

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, dropping by -2% against the previous year. Overall, the import price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 167% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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