In 2023, China led the global export of fishing reels, maintaining a dominant position with a marginal increase of 2.59% year-on-year. Japan and Malaysia followed, exhibiting stable growth rates of 4.69% and 2.83% respectively. Notable variations include Poland's robust increase of 14.24%, contrasting with Sweden's decline of 6.79% and Canada's decrease of 7.34%. Smaller markets like Brazil and Ukraine showed significant positive and negative variations respectively, with remarkable growth in Iceland at 11.73%. Stable markets like Singapore and the Netherlands also contributed to industry stability through their consistent growth rates.
Future trends to watch include technological advancements in reel manufacturing and the rising importance of sustainable fishing practices, which could influence export dynamics. Monitoring emerging markets and demand shifts in recreational fishing, especially in Asia and Europe, will also be crucial for anticipating change in the global export landscape.
Top countries in Export of Fishing Reels by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 353,980,000 | 2023 | +2.63% | +2.59% | View data |
| 2 | 2 Japan | 120,650,000 | 2023 | +2.71% | +4.69% | View data |
| 3 | 3 Malaysia | 119,240,000 | 2023 | +2.03% | +2.83% | View data |
| 4 | 4 Singapore | 56,593,000 | 2023 | +0.77% | +1.92% | View data |
| 5 | 5 South Korea | 49,552,000 | 2023 | +0.9% | +1.13% | View data |
| 6 | 6 Netherlands | 34,399,000 | 2023 | +3.03% | +5.11% | View data |
| 7 | 7 United States | 32,011,000 | 2023 | +1.07% | +0.62% | View data |
| 8 | 8 Thailand | 30,477,000 | 2023 | +3.03% | +2.76% | View data |
| 9 | 9 Poland | 29,731,000 | 2023 | +6.72% | +14.24% | View data |
| 10 | 10 Germany | 28,071,000 | 2023 | +2.28% | +2.3% | View data |
