Key Market Indicators
Exports of fishing equipment from Nicaragua are expected to decline by 20.6% year-on-year on average, dropping from $226,670 in 2021 to $63,250 by 2026. Since 2006, Nicaraguan supply has decreased by 18.7% year-on-year. In 2021, Nicaragua ranked 62nd in this ranking, with Slovenia taking the top spot at $226,670. Japan, the United States and Malaysia were ranked 2nd, 3rd and 4th respectively. Imports of fishing equipment to Nicaragua are forecast to grow 3.3% year-on-year on average, increasing from $415,090 in 2021 to $504,230 by 2026. Since 1998, Nicaraguan demand has risen by 9.3% year-on-year. In 2021, Nicaragua ranked 98th in this ranking, with Iran taking the top spot at $415,090. Japan, South Korea and Singapore were ranked 2nd, 3rd and 4th respectively.
