Belgium: Fishing Rod Market 2024

Fishing Rod Market Size in Belgium

For the third year in a row, the Belgian fishing rod market recorded growth in sales value, which increased by 20% to $X in 2021. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Fishing Rod Production in Belgium

In value terms, fishing rod production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded notable growth. The growth pace was the most rapid in 2014 with an increase of 167%. Fishing rod production peaked at $X in 2020, and then dropped in the following year.

Fishing Rod Exports

Exports from Belgium

For the third consecutive year, Belgium recorded growth in shipments abroad of fishing rods and other line fishing tackle, which increased by 0.5% to X tons in 2021. Overall, exports saw a modest expansion. The growth pace was the most rapid in 2020 with an increase of 115%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, fishing rod exports reduced to $X in 2021. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. As a result, the exports attained the peak of $X, and then dropped slightly in the following year.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of fishing rod exports from Belgium, together accounting for 69% of total exports. These countries were followed by the UK, Poland, Hungary, Italy and Austria, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +21.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) were the largest markets for fishing rod exported from Belgium worldwide, with a combined 65% share of total exports. These countries were followed by Poland, Italy, Austria, the UK and Hungary, which together accounted for a further 20%.

In terms of the main countries of destination, Poland, with a CAGR of +33.1%, recorded the highest growth rate of the value of exports, 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, declining by -4.9% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fishing rod export price decreased by -18.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 25%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to the UK ($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 Poland (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Belgium

In 2021, fishing rod imports into Belgium surged to X tons, picking up by 27% on the year before. Overall, imports recorded a measured expansion. The pace of growth was the most pronounced in 2018 when imports increased by 64%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, fishing rod imports soared to $X in 2021. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fishing rod to Belgium, accounting for a 82% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was held by France (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 +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+76.6% per year) and France (-7.4% per year).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Belgium, comprising 75% of total imports. The second position in the ranking was held by Poland ($X), with a 6.3% share of total imports. It was followed by France, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+82.5% per year) and France (-0.2% per year).

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, with an increase of 10% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fishing rod import price increased by +37.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 43%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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