Bulgaria: Fishing Rod Market 2024

Fishing Rod Market Size in Bulgaria

For the fourth year in a row, the Bulgarian fishing rod market recorded growth in sales value, which increased by 23% to $X in 2021. Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Fishing Rod Production in Bulgaria

In value terms, fishing rod production contracted to $X in 2021 estimated in export price. Overall, production enjoyed a resilient increase. The growth pace was the most rapid in 2014 when the production volume increased by 306%. Fishing rod production peaked at $X in 2020, and then reduced in the following year.

Fishing Rod Exports

Exports from Bulgaria

In 2021, after two years of decline, there was significant growth in overseas shipments of fishing rods and other line fishing tackle, when their volume increased by 22% to X tons. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 105% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, fishing rod exports soared to $X in 2021. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 47% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X tons), the Czech Republic (X tons) and Italy (X tons) were the main destinations of fishing rod exports from Bulgaria, with a combined 44% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +69.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Italy ($X) were the largest markets for fishing rod exported from Bulgaria worldwide, with a combined 49% share of total exports. These countries were followed by the Czech Republic, Belgium, Germany, the Netherlands, Poland, Greece, Slovakia, Portugal, Malta and Serbia, which together accounted for a further 39%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +86.5%, saw the highest rates of growth with regard to 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, with an increase of 9.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 46% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Serbia ($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 the Czech Republic (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Bulgaria

In 2021, fishing rod imports into Bulgaria expanded remarkably to X tons, with an increase of 7.4% on the previous year's figure. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.4% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 39%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, fishing rod imports soared to $X in 2021. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 31%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest fishing rod supplier to Bulgaria, with a 52% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), eightfold. The third position in this ranking was taken by Serbia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+93.5% per year) and Serbia (+37.9% per year).

In value terms, China ($X), Japan ($X) and Romania ($X) were the largest fishing rod suppliers to Bulgaria, with a combined 41% share of total imports. The Netherlands, Denmark, Germany, Serbia, the UK, Italy, Belgium, France, Poland and Hungary lagged somewhat behind, together comprising a further 49%.

Belgium, with a CAGR of +128.9%, recorded 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 more modest paces of growth.

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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