Portugal: Fishing Rod Market 2024

Fishing Rod Market Size in Portugal

After four years of growth, the Portuguese fishing rod market decreased by -2% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. Fishing rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Fishing Rod Production in Portugal

In value terms, fishing rod production rose slightly to $X in 2021 estimated in export price. In general, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of 7.3%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Fishing Rod Exports

Exports from Portugal

In 2021, approx. X tons of fishing rods and other line fishing tackle were exported from Portugal; dropping by -30.4% against 2020 figures. Overall, exports recorded a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of 109%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, fishing rod exports declined sharply to $X in 2021. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 74%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Norway (X tons) and Angola (X tons) were the main destinations of fishing rod exports from Portugal, together comprising 91% of total exports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +98.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) remains the key foreign market for fishing rods and other line fishing tackle exports from Portugal, comprising 57% of total exports. The second position in the ranking was taken by Angola ($X), with a 20% share of total exports. It was followed by Norway, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-6.3% per year) and Norway (+43.2% per year).

Export Prices by Country

In 2021, the average fishing rod export price amounted to $X per ton, shrinking by -8.5% against the previous year. Overall, the export price saw a noticeable decline. The growth pace was the most rapid in 2019 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Morocco ($X per ton), while the average price for exports to Norway ($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 Morocco (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.

Fishing Rod Imports

Imports into Portugal

In 2021, purchases abroad of fishing rods and other line fishing tackle decreased by -9.6% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 15%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fishing rod imports reduced modestly to $X in 2021. In general, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), China (X tons) and Cabo Verde (X tons) were the main suppliers of fishing rod imports to Portugal, together accounting for 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cabo Verde (with a CAGR of +256.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Portugal, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.2% per year) and France (-4.1% per year).

Import Prices by Country

In 2021, the average fishing rod import price amounted to $X per ton, with an increase of 5.4% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.8% 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 +69.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 23%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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