In 2023, China dominated the global export of fishing reels with a significant share of 39.67% in US dollars, followed by Japan (13.52%) and Malaysia (13.36%). Top countries like the Netherlands and Poland displayed considerable growth, with year-on-year increases of 5.11% and 14.24%, respectively. Notably, emerging markets such as Brazil showed strong growth at 15.36%, while traditional markets like the United Kingdom and Switzerland experienced declines.
Looking ahead, key trends to monitor include the potential growth in Eastern European markets and shifts in production dynamics due to rising labor costs in traditional manufacturing hubs like China and Japan.
Top countries in Export of Fishing Reels Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 39.67 | 2023 | +2.63% | +2.59% | View data |
| 2 | 2 Japan | 13.52 | 2023 | +2.71% | +4.69% | View data |
| 3 | 3 Malaysia | 13.36 | 2023 | +2.03% | +2.83% | View data |
| 4 | 4 Singapore | 6.34 | 2023 | +0.77% | +1.92% | View data |
| 5 | 5 South Korea | 5.55 | 2023 | +0.9% | +1.13% | View data |
| 6 | 6 Netherlands | 3.85 | 2023 | +3.03% | +5.11% | View data |
| 7 | 7 United States | 3.59 | 2023 | +1.07% | +0.62% | View data |
| 8 | 8 Thailand | 3.42 | 2023 | +3.03% | +2.76% | View data |
| 9 | 9 Poland | 3.33 | 2023 | +6.72% | +14.24% | View data |
| 10 | 10 Germany | 3.15 | 2023 | +2.28% | +2.3% | View data |
