HS Code:
Fishing rods made of fiberglass and carbon fiber, one-piece, presented without fishing reels, and valued between $5 and $50 each, fall under HS Code 9507.10.00. This category includes mid-range fishing rods primarily used for recreational and amateur fishing. These rods are popular due to their durability, lightweight construction, and affordability compared to high-end models. The materials used, such as fiberglass and carbon fiber, provide a balance of strength and flexibility, appealing to a broad consumer base globally.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
$120 million USD
48% of total trade of total trade
Increasing
$40 million USD
16% of total trade of total trade
Stable
$25 million USD
10% of total trade of total trade
Increasing
$15 million USD
6% of total trade of total trade
Stable
$10 million USD
4% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand for lightweight and durable fishing rods
Increased imports of carbon fiber rods, especially from Asian manufacturers, due to consumer preference for high-performance equipment at affordable prices.
2021-2022
Growth in recreational fishing as a hobby
Boosted sales in North America and Europe, with a surge in online retail channels for fishing equipment.
2020-2022
Shift towards sustainable manufacturing
Manufacturers are exploring eco-friendly materials and processes, influencing trade policies and consumer preferences in developed markets.
2022
The US Department of Commerce imposed anti-dumping duties ranging from 8-15% on Chinese fishing rods to address unfair pricing practices.
March 2023
Potential shift in imports towards other countries like Vietnam and South Korea, increasing costs for US consumers in the short term.
The European Union introduced stricter quality and safety standards for imported fishing rods, requiring detailed material composition reports.
July 2022
Increased compliance costs for exporters, potentially slowing trade from non-compliant manufacturers.
Japan launched a subsidy program to support local fishing rod manufacturers, aiming to reduce reliance on imports.
January 2023
Possible decline in import volumes from China and South Korea as domestic production ramps up.