Middle East: Fishing Rod Market 2024

Fishing Rod Market Size in the Middle East

In 2021, the Middle Eastern fishing rod market increased by 17% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Fishing Rod Production in the Middle East

In value terms, fishing rod production expanded rapidly to $X in 2021 estimated in export price. In general, production enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 54% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Fishing Rod Exports

Exports in the Middle East

In 2021, shipments abroad of fishing rods and other line fishing tackle increased by 97% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 103%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, fishing rod exports surged to $X in 2021. In general, exports enjoyed a notable increase. The pace of growth was the most pronounced in 2017 when exports increased by 127%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the major exporter of fishing rods and other line fishing tackle, committing 73% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising an 18% share of total exports. Oman (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to fishing rod exports from Turkey stood at +13.2%. At the same time, Oman (+39.8%) and Israel (+21.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +39.8% from 2012-2021. By contrast, the United Arab Emirates (-5.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Oman increased by +31 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 84% share of total exports. Oman lagged somewhat behind, comprising a further 2.6%.

Oman, with a CAGR of +38.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, waning by -4% against the previous year. Overall, the export price saw a slight decline. The most prominent rate of growth was recorded in 2015 when the export price increased by 21% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while Turkey ($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 United Arab Emirates (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Fishing Rod Imports

Imports in the Middle East

In 2021, fishing rod imports in the Middle East totaled X tons, surging by 5.5% on 2020 figures. In general, imports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 75%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, fishing rod imports skyrocketed to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 +48.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 43% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) represented roughly 54% of total imports in 2021. It was distantly followed by Oman (X tons), Iraq (X tons), Yemen (X tons), Iran (X tons) and Kuwait (X tons), together generating a 33% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 73% share of total imports. Iraq, Iran, Oman and Yemen lagged somewhat behind, together accounting for a further 9.7%.

In terms of the main importing countries, Iraq, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, increasing by 18% against the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fishing rod import price increased by +33.4% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by 66%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Oman ($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 United Arab Emirates (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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