Report Update Nov 1, 2024

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

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Colombia: Fishing Rod Market 2024

Fishing Rod Market Size in Colombia

After two years of decline, the Colombian fishing rod market increased by 107% to $X in 2021. Overall, consumption posted a tangible increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fishing Rod Exports

Exports from Colombia

In 2021, approx. X kg of fishing rods and other line fishing tackle were exported from Colombia; jumping by 86% on 2020 figures. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 126% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fishing rod exports expanded to $X in 2021. In general, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 96%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X kg) was the main destination for fishing rod exports from Colombia, with a 37% share of total exports. Moreover, fishing rod exports to Costa Rica exceeded the volume sent to the second major destination, France (X kg), twofold. The third position in this ranking was taken by Canada (X kg), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.8% per year) and Canada (-26.5% per year).

In value terms, France ($X), Taiwan (Chinese) ($X) and Canada ($X) were the largest markets for fishing rod exported from Colombia worldwide, together accounting for 56% of total exports.

Taiwan (Chinese), with a CAGR of +2,675.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average fishing rod export price stood at $X per ton in 2021, which is down by -44.6% against the previous year. Overall, the export price, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2020 an increase of 285% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Honduras ($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 Taiwan (Chinese) (+105.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Colombia

In 2021, supplies from abroad of fishing rods and other line fishing tackle increased by 99% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fishing rod imports skyrocketed to $X in 2021. Overall, imports posted a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest fishing rod supplier to Colombia, with a 76% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.9% per year) and Estonia (+31.2% per year).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Colombia, comprising 49% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.4% per year) and Estonia (+21.8% per year).

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, rising by 5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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. Japan, Pakistan, Indonesia, Germany, Mexico, South Korea, the UK and Russia lagged somewhat behind, together comprising a further 27%.

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

China remains the largest fishing rod producing country worldwide, comprising approx. 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 Colombia?

In value terms, China constituted the largest supplier of fishing rod to Colombia, comprising 53% of total imports. The second position in the ranking was occupied by South Korea, with a 23% share of total imports. It was followed by Estonia, with a 12% share.

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

In value terms, Estonia $150), Curacao $79) and Canada $50) were the largest markets for fishing rod exported from Colombia worldwide, with a combined 52% share of total exports. These countries were followed by Costa Rica, which accounted for a further 8.8%.

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

The average fishing rod export price stood at $2,840 per ton in 2020, reducing by -92.5% against the previous year.

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

The average fishing rod import price stood at $11,272 per ton in 2020, jumping by 21% against the previous year.

This report provides an in-depth analysis of the fishing rod market in Colombia. 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:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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