Hungary: Fishing Rod Market 2024

Fishing Rod Market Size in Hungary

In 2021, the Hungarian fishing rod market increased by 67% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fishing Rod Production in Hungary

In value terms, fishing rod production expanded notably to $X in 2021 estimated in export price. In general, production, however, saw a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Fishing rod production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Fishing Rod Exports

Exports from Hungary

In 2021, after two years of growth, there was decline in shipments abroad of fishing rods and other line fishing tackle, when their volume decreased by -4.8% to X tons. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2020 when exports increased by 61% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, fishing rod exports skyrocketed to $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Romania (X tons) was the main destination for fishing rod exports from Hungary, accounting for a 33% share of total exports. Moreover, fishing rod exports to Romania exceeded the volume sent to the second major destination, Germany (X tons), twofold. Slovakia (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.4% per year) and Slovakia (+24.0% per year).

In value terms, Romania ($X) remains the key foreign market for fishing rods and other line fishing tackle exports from Hungary, comprising 36% of total exports. The second position in the ranking was held by Slovakia ($X), with a 14% share of total exports. It was followed by Poland, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+17.8% per year) and Poland (+41.1% per year).

Export Prices by Country

In 2021, the average fishing rod export price amounted to $X per ton, surging by 30% against the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Lithuania ($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 Ukraine (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Hungary

Fishing rod imports into Hungary soared to X tons in 2021, picking up by 24% compared with the previous year's figure. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 +85.4% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod imports surged to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +59.5% against 2017 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 Hungary, accounting for a 59% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. Slovakia (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.3% per year) and Slovakia (+77.6% per year).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Hungary, comprising 54% of total imports. The second position in the ranking was taken by France ($X), with a 7.3% share of total imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+22.9% per year) and Germany (+4.3% per year).

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 17%. The import price peaked at $X per ton in 2014; however, from 2015 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 Romania ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :