Indonesia: Fishing Rod Market 2024

Fishing Rod Market Size in Indonesia

The Indonesian fishing rod market surged to $X in 2021, picking up by 17% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Fishing Rod Production in Indonesia

In value terms, fishing rod production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Fishing Rod Exports

Exports from Indonesia

In 2021, shipments abroad of fishing rods and other line fishing tackle increased by 7.8% to X tons, rising for the second year in a row after three years of decline. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 +14.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 24%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, fishing rod exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.6% 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 +128.4% against 2012 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 34% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for fishing rod exports from Indonesia, accounting for a 45% share of total exports. Moreover, fishing rod exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by Australia (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.1% per year) and Australia (-1.9% per year).

In value terms, Japan ($X) remains the key foreign market for fishing rods and other line fishing tackle exports from Indonesia, comprising 55% of total exports. The second position in the ranking was held by China ($X), with a 16% share of total exports. It was followed by the United States, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+126.7% per year) and the United States (+22.0% per year).

Export Prices by Country

The average fishing rod export price stood at $X per ton in 2021, surging by 16% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fishing rod export price increased by +70.8% against 2015 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 23% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Estonia ($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 China (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Indonesia

In 2021, fishing rod imports into Indonesia soared to X tons, increasing by 66% compared with the previous year. Overall, imports continue to indicate a resilient expansion. As a result, imports attained 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, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 113% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fishing rod to Indonesia, with a 87% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+24.8% per year) and Japan (+26.6% per year).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Indonesia, comprising 65% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by Singapore, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.5% per year) and Singapore (+26.8% per year).

Import Prices by Country

In 2021, the average fishing rod import price amounted to $X per ton, with a decrease of -25.6% against the previous year. Overall, the import price, however, showed noticeable growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 73%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 Taiwan (Chinese) (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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