China Fishing Rods (HS: 95071000) 2024 Latest Import and Export Analysis
“According to customs data, from 2018 to 2023, the export of Chinese fishing rods showed an initial upward trend in both quantity and value, followed by a downward trend. In 2021, the export volume reached 147 million units, a year-on-year increase of 20.35%.”
As China's economy continues to grow and residents' income levels increase, more people are pursuing high-quality lifestyles and leisure activities. Fishing, as an activity that brings people closer to nature and relaxes the mind, has attracted a large number of urban residents. As one of the world's major producers and exporters of fishing rods, China's fishing rod market is particularly noteworthy. Fishing rods are commonly made of carbon fiber or fiberglass, and can be categorized into types such as hand rods, sea rods, lure rods, fly rods, and Taiwan fishing rods. With the growing number of fishing enthusiasts worldwide, the export of Chinese fishing rods is also on the rise.
According to customs data, from 2018 to 2023, the export of Chinese fishing rods showed an upward trend in both quantity and value initially, followed by a downward trend. In 2021, the export volume reached 147 million units, a year-on-year increase of 20.35%, while in 2023, the total export volume was 98.59 million units, a year-on-year decrease of 25%. In terms of export value, the total export value in 2021 was $917 million, a year-on-year increase of 49.6%, while in 2023, the total export value was $625 million, a year-on-year decrease of 26.2%.
From the above data, it can be seen that although there was a downward trend in the latter half of the period, the average unit price of Chinese fishing rods has been fluctuating upward. These market changes reflect not only shifts in market demand but also the intensifying competition in the current market.
Chinese fishing rods are competitively priced in the international market, making them popular worldwide. With advancements in technology and craftsmanship, the quality and durability of Chinese-made fishing rods have significantly improved, enhancing their recognition in the global market. The export of Chinese fishing rods is also diversifying, extending beyond traditional markets such as the United States, Japan, and South Korea to emerging markets like Southeast Asia and South America, including Indonesia and Brazil. Additionally, by improving product quality and brand influence, Chinese fishing rods are entering high-end markets, thereby increasing the export unit price.
Overall, the Chinese fishing rod industry has a promising future. The growth in market demand, technological advancements, brand development, and policy support will collectively drive the industry's growth. Companies need to seize opportunities by focusing on technological innovation, product diversification, and international strategies to continuously enhance market competitiveness and achieve sustainable development.
Guomaotong, as China's first data company, can provide customs data on imports and exports from over 80 countries since 2010. It offers online precise analysis of import and export market distribution, detailed transaction information of import and export enterprises, specific volume and price analysis, supply cycles, etc. This reliable data serves as a crucial basis for foreign trade enterprises and industry consulting firms.
(This article is an original creation by Guomao Tong. Please indicate the source when reposting.)
