Tackle Trade World - January 2024
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DBW...<br />
taiwan<br />
eConoMy foCus<br />
$751.93 billion GDP (nominal) (USD) (2023 estimate)<br />
$32,339 GDP per capita (USD) (2023 estimate)<br />
2.35% GDP growth rate<br />
3.48% Unemployment rate<br />
Top export partners:<br />
- China<br />
- hong Kong<br />
- usa<br />
- Japan<br />
- european union<br />
Top import partners:<br />
- China<br />
- Japan<br />
- usa<br />
- european union<br />
- south Korea<br />
faCt fiLe<br />
Capital: Taipei<br />
Dialling code: +886<br />
Population: 23,894.394 (2022 estimate)<br />
President: Tsai Ing-wen<br />
Official languages: Mandarin, Hokkien, Hakka, Matsu plus several others<br />
Time Zone: UTC+8<br />
Currency: New Taiwan Dollar<br />
Internet domain: .tw<br />
Japan. In addition, you’ll find<br />
many independent shops in<br />
more rural areas, away from<br />
the major cities.<br />
a stronG MarKet<br />
Taiwan has a significant<br />
domestic market for fishing<br />
tackle, thanks to its extensive<br />
coastline, mountain streams,<br />
rivers, lakes and reservoirs,<br />
presenting numerous fishing<br />
opportunities.<br />
Anglers here pursue a variety<br />
of fishing styles, in both freshand<br />
saltwater, which drive the<br />
demand for a wide range of<br />
tackle. It is thought there are<br />
around 600,000 active anglers<br />
in the country.<br />
Being an island in the<br />
Pacific Ocean, it is renowned<br />
in particular for its saltwater<br />
fishing opportunities,<br />
particularly for species like<br />
marlin, tuna and various reef<br />
fish. This has led to a demand<br />
for high-quality saltwater gear,<br />
especially reels, rods, lines and<br />
lures.<br />
Additionally, there is a<br />
strong tradition of freshwater<br />
fishing in Taiwan, with the<br />
most popular species including<br />
tilapia, snakehead, bass and<br />
carp.<br />
It is estimated there are<br />
between 800 to 900 tackle<br />
shops located across the<br />
country, with a good majority<br />
catering for inshore rock<br />
fishing, while predator fishing<br />
is one area still enjoying plenty<br />
of growth.<br />
In fact, the fastest growing<br />
market is predator fishing,<br />
while the biggest challenge is<br />
to try and involve more young<br />
people in fishing over the next<br />
decades.<br />
But, while the market<br />
is strong locally, it’s really<br />
as a manufacturing hub<br />
that Taiwan is best known<br />
and it has an established<br />
reputation for technological<br />
www.tackletradeworld.com<br />
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