Ecuador: Fishing Rod Market 2025

Fishing Rod Market Size in Ecuador

The Ecuadorian fishing rod market soared to $X in 2021, increasing by 82% 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). Overall, consumption continues to indicate a tangible expansion. Fishing rod consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Fishing Rod Exports

Exports from Ecuador

In 2021, shipments abroad of fishing rods and other line fishing tackle decreased by -94% to X kg for the first time since 2017, thus ending a three-year rising trend. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 235%. As a result, the exports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, fishing rod exports plummeted to $X in 2021. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2020 with an increase of 247%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X kg), Panama (X kg) and Spain (X kg) were the main destinations of fishing rod exports from Ecuador, with a combined 91% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Chile ($X) emerged as the key foreign market for fishing rods and other line fishing tackle exports from Ecuador, comprising 46% of total exports. The second position in the ranking was taken by Panama ($X), with a 21% share of total exports. It was followed by Spain, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-84.5% per year) and Spain (-29.0% per year).

Export Prices by Country

The average fishing rod export price stood at $X per ton in 2021, with an increase of 166% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 339% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Costa Rica ($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 Spain (+5.9%), while the prices for the other major destinations experienced a decline.

Fishing Rod Imports

Imports into Ecuador

In 2021, approx. X tons of fishing rods and other line fishing tackle were imported into Ecuador; growing by 116% against the year before. Over the period under review, imports recorded a prominent expansion. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fishing rod imports soared to $X in 2021. In general, imports recorded perceptible growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of fishing rod imports to Ecuador, together comprising 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +24.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and the United States ($X) appeared to be the largest fishing rod suppliers to Ecuador, with a combined 82% share of total imports. These countries were followed by the Netherlands, which accounted for a further 1.5%.

The Netherlands, with a CAGR of +21.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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, declining by -23% against the previous year. In general, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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