Key Market Indicators
The country ranked number 117 in 2018, with Mongolia at $8,670. Japan, South Korea and Singapore respectively ranked numbers 2, 3 and 4 in this ranking. Armenian demand for fishing equipment is set to fall 5.3% year on year through 2026, reaching $21.9 million. The country's demand was 25% lower in 2021 than it was in 2002. Mongolia had the highest demand in 2021 with $30.9 million, followed by Japan, South Korea, and Singapore. In 2018, Armenian exports of fishing equipment were up 1,720% from 2017, totaling $7.3 million. The country ranked 117th in the world, with Mongolia ahead at $8.7 million. Japan, South Korea, and Singapore were the top three exporters.
