Report Update Nov 1, 2024

Bangladesh - Fishing Rods and Other Line Fishing Tackle - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Fishing Rod Market 2024

Fishing Rod Market Size in Bangladesh

The Bangladeshi fishing rod market skyrocketed to $X in 2021, picking up by 38% 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). In general, consumption saw a significant expansion. Fishing rod consumption peaked in 2021 and is expected to retain growth in the immediate term.

Fishing Rod Exports

Exports from Bangladesh

For the fifth year in a row, Bangladesh recorded growth in shipments abroad of fishing rods and other line fishing tackle, which increased by 69% to X tons in 2021. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 356% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, fishing rod exports soared to $X in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 317%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Japan (X tons) was the main destination for fishing rod exports from Bangladesh, with a 78% share of total exports. Moreover, fishing rod exports to Japan exceeded the volume sent to the second major destination, the Netherlands (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.0% per year) and Indonesia (-94.5% per year).

In value terms, Japan ($X) remains the key foreign market for fishing rods and other line fishing tackle exports from Bangladesh, comprising 89% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+25.8% per year) and Indonesia (-80.9% per year).

Export Prices by Country

In 2021, the average fishing rod export price amounted to $X per ton, falling by -13.8% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 122%. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($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 Indonesia (+244.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Bangladesh

In 2021, fishing rod imports into Bangladesh skyrocketed to X tons, jumping by 30% against the previous year. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 99% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, fishing rod imports surged to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) was the main supplier of fishing rod to Bangladesh, accounting for a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +39.7%.

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Bangladesh.

From 2012 to 2021, the average annual growth rate of value from China amounted to +32.9%.

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -4.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fishing rods and other line fishing tackle in the world?

The countries with the highest volumes of fishing rod consumption in 2020 were China, the United States and India, with a combined 47% share of global consumption. These countries were followed by Japan, Pakistan, Indonesia, Germany, Mexico, South Korea, the UK and Russia, which together accounted for a further 27%.

What are the largest producers of fishing rods and other line fishing tackle in the world?

China constituted the country with the largest volume of fishing rod production, accounting for 56% of total volume. Moreover, fishing rod production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by the United States, with a 6.3% share.

What are the leading suppliers of fishing rods and other line fishing tackle to Bangladesh?

In value terms, China constituted the largest supplier of fishing rod to Bangladesh, comprising 84% of total imports. The second position in the ranking was occupied by Japan, with an 8.8% share of total imports.

What are the leading importers of fishing rods and other line fishing tackle from Bangladesh?

In value terms, Japan emerged as the key foreign market for fishing rod exports from Bangladesh, comprising 93% of total exports. The second position in the ranking was occupied by the Netherlands, with a 1.9% share of total exports.

What is the average export price for fishing rods and other line fishing tackle in Bangladesh?

In 2020, the average fishing rod export price amounted to $56,651 per ton, rising by 186% against the previous year.

What is the average import price for fishing rods and other line fishing tackle in Bangladesh?

In 2020, the average fishing rod import price amounted to $11,346 per ton, surging by 16% against the previous year.

This report provides an in-depth analysis of the fishing rod market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32301600 - Fishing rods, other line fishing tackle, articles for hunting or fishing n.e.c.

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023