Turkey: Fishing Rod Market 2024

Fishing Rod Market Size in Turkey

The Turkish fishing rod market declined slightly to $X in 2021, with a decrease of -4.5% 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). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Fishing Rod Exports

Exports from Turkey

In 2021, approx. X tons of fishing rods and other line fishing tackle were exported from Turkey; increasing by 234% against the previous year's figure. Over the period under review, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fishing rod exports surged to $X in 2021. Overall, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons), Iran (X tons) and Syrian Arab Republic (X tons) were the main destinations of fishing rod exports from Turkey, with a combined 60% share of total exports. Mauritania, Cyprus, the United States, Israel, Australia, Greece, Libya, Georgia, Russia and Iraq lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Mauritania (with a CAGR of +371.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Cyprus ($X) and the United States ($X) constituted the largest markets for fishing rod exported from Turkey worldwide, together accounting for 52% of total exports. These countries were followed by Greece, Israel, Australia, Bulgaria, Russia, Georgia, Libya, Syrian Arab Republic, Mauritania and Iraq, which together accounted for a further 35%.

Mauritania, with a CAGR of +297.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fishing rod export price amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 95%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Bulgaria ($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 Israel (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fishing Rod Imports

Imports into Turkey

In 2021, the amount of fishing rods and other line fishing tackle imported into Turkey dropped modestly to X tons, stabilizing at the previous year's figure. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 48% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, fishing rod imports soared to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of fishing rod to Turkey, accounting for a 91% share of total imports. It was followed by Japan (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.4% per year) and South Korea (-9.3% per year).

In value terms, China ($X) constituted the largest supplier of fishing rods and other line fishing tackle to Turkey, comprising 78% of total imports. The second position in the ranking was taken by Japan ($X), with a 6.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.0% per year) and South Korea (-4.9% per year).

Import Prices by Country

The average fishing rod import price stood at $X per ton in 2021, increasing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 South Korea (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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