Finland: Fishing Rod Market 2024

Fishing Rod Market Size in Finland

In 2021, the Finnish fishing rod market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fishing Rod Production in Finland

In value terms, fishing rod production rose significantly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Fishing Rod Exports

Exports from Finland

In 2021, the amount of fishing rods and other line fishing tackle exported from Finland skyrocketed to X tons, jumping by 47% compared with the year before. Overall, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +23.6% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod exports soared to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value 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, exports increased by +41.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 45%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons), Russia (X tons) and Sweden (X tons) were the main destinations of fishing rod exports from Finland, together comprising 89% of total exports. These countries were followed by Norway, Denmark and Lithuania, which together accounted for a further 7.4%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +43.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for fishing rods and other line fishing tackle exports from Finland, comprising 42% of total exports. The second position in the ranking was held by Russia ($X), with an 18% share of total exports. It was followed by Sweden, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-0.1% per year) and Sweden (+23.2% per year).

Fishing Rod Imports

Imports into Finland

In 2021, purchases abroad of fishing rods and other line fishing tackle was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.4% against 2016 indices. 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 supplier of fishing rod to Finland, accounting for a 44% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. Russia (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+16.6% per year) and Russia (+5.0% per year).

In value terms, China ($X), Russia ($X) and Sweden ($X) constituted the largest fishing rod suppliers to Finland, with a combined 59% share of total imports. These countries were followed by Estonia, Vietnam, the United States and Denmark, which together accounted for a further 24%.

Vietnam, with a CAGR of +40.1%, recorded 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

In 2021, the average fishing rod import price amounted to $X per ton, declining by -3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 an increase of 23%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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