Spain: Fishing Rod Market 2024

Fishing Rod Market Size in Spain

In 2021, the Spanish fishing rod market increased by 1.1% to $X, rising for the third consecutive year after three years of decline. In general, consumption saw a abrupt contraction. Fishing rod consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Fishing Rod Production in Spain

In value terms, fishing rod production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2013 with an increase of 5.2%. Fishing rod production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Fishing Rod Exports

Exports from Spain

In 2021, shipments abroad of fishing rods and other line fishing tackle increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 44%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, fishing rod exports expanded significantly to $X in 2021. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 61%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Morocco (X tons) and Mauritania (X tons) were the main destinations of fishing rod exports from Spain, with a combined 56% share of total exports. These countries were followed by Italy, Portugal, Chile, Cabo Verde, Germany, Senegal and Algeria, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cabo Verde (with a CAGR of +78.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for fishing rods and other line fishing tackle exports from Spain, comprising 36% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by Portugal, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+46.1% per year) and Portugal (+1.1% per year).

Export Prices by Country

The average fishing rod export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Mauritania ($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 Algeria (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Spain

In 2021, supplies from abroad of fishing rods and other line fishing tackle increased by 7.9% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by 42%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fishing rod imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest fishing rod supplier to Spain, accounting for a 67% share of total imports. Moreover, fishing rod imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.8% per year) and Italy (-0.5% per year).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Spain, comprising 55% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Italy, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.5% per year) and Italy (-1.5% per year).

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2016 an increase of 41% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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