Key Market Indicators
Israel is set to become a major player in the global fishing equipment industry over the next five years. The country's import of fishing equipment is projected to reach $2.8 million by 2026, growing at a compound annual growth rate of 1.2% since 2021. This marks a 3.6% increase since 2000. Israel currently stands in 58th place in the global ranking, with Costa Rica overtaking in 2021 at $2.6 million. Japan, South Korea and Singapore follow in second, third and fourth place respectively. Meanwhile, Israel's export of fishing equipment is projected to hit $208,000 by 2026, increasing at a CAGR of 3.4% since 2021. This marks a 55.1% upswing since 2000. Israel currently stands in 64th place in the global ranking, with Chile overtaking in 2021 at $170,400. Japan, the United States and Malaysia are the top three countries in this ranking.
