Key Market Indicators
Norway's export of fishing equipment is on track to hit $2.1 million by 2026, up from $2.1 million in 2021. This represents a growth of 0.2% year on year. Since 1998, Norwegian supply has decreased by 2% year on year. The country was ranked number 49 in 2021, with Paraguay coming in higher at $2.1 million. Japan, the United States and Malaysia were the top three countries in this ranking. Norway's import of fishing equipment is projected to reach $34 million by 2026, up from $32.6 million in 2021. This is an average growth rate of 0.8% year on year. Since 1998, Norwegian demand has increased by 3.3% year on year. The country was ranked 20th in 2021, with Sweden surpassing it at $32.6 million. Japan, South Korea and Singapore ranked numbers 2, 3 and 4 respectively.
