Romania: Fishing Rod Market 2024

Fishing Rod Market Size in Romania

The Romanian fishing rod market soared to $X in 2021, increasing by 28% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted buoyant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Fishing Rod Exports

Exports from Romania

In 2021, after two years of decline, there was significant growth in overseas shipments of fishing rods and other line fishing tackle, when their volume increased by 14% to X tons. Overall, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.8% against 2018 indices. The pace of growth was the most pronounced in 2018 when exports increased by 99% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, fishing rod exports skyrocketed to $X in 2021. Over the period under review, exports saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 113%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

France (X tons) was the main destination for fishing rod exports from Romania, with a 52% share of total exports. Moreover, fishing rod exports to France exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+165.6% per year) and Hungary (-3.3% per year).

In value terms, the largest markets for fishing rod exported from Romania were France ($X), Bulgaria ($X) and Hungary ($X), together comprising 92% of total exports.

In terms of the main countries of destination, Bulgaria, with a CAGR of +184.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fishing rod export price stood at $X per ton in 2021, jumping by 20% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.1% 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 +104.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Denmark ($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 Hungary (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Romania

In 2021, approx. X tons of fishing rods and other line fishing tackle were imported into Romania; rising by 35% compared with the previous year. In general, imports enjoyed a resilient increase. 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. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 51% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest fishing rod supplier to Romania, with a 56% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fivefold. Poland (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+6.8% per year) and Poland (+22.8% per year).

In value terms, Hungary ($X), China ($X) and the Netherlands ($X) appeared to be the largest fishing rod suppliers to Romania, together comprising 46% of total imports. These countries were followed by Belgium, Germany, France, Poland, Italy, Spain and the UK, which together accounted for a further 40%.

Belgium, with a CAGR of +69.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, waning by -7.9% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2021: its price 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. The pace of growth was the most pronounced in 2016 when the average import price increased by 23%. The import price peaked at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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