From 2013 to 2023, the Finnish fishing rods market experienced an uneven growth trajectory. In 2023, the market was valued at 15.001 million USD. The sector encountered fluctuations, such as declines in 2014 and 2015 followed by an upward trend starting in 2016. Between 2018 and 2019, a substantial improvement was observed with an 8.72% increase, contrasting with subtle advancements from 2020 onward. The compound annual growth rate (CAGR) for the latest five years was 1.45%, hinting at modest growth.
Future trends to watch include:
- The potential impact of technological advancements in fishing gear.
- Environmental regulations that might influence production and sales.
- Increasing interest in recreational fishing, possibly boosting demand.
How does Finland rank in Fishing Rods Market Size Value?
| # | 22 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,561,600,000 | 2023 | +2.26% | +2% | View data |
| 2 | 2 France | 116,220,000 | 2023 | -1.98% | -0.37% | View data |
| 3 | 3 Australia | 113,220,000 | 2023 | +1.6% | -0.32% | View data |
| 4 | 4 United Kingdom | 72,851,000 | 2023 | -3.29% | -1.62% | View data |
| 5 | 5 Germany | 65,358,000 | 2023 | -6.24% | -6.25% | View data |
| 14 | 14 Singapore | 18,189,000 | 2023 | +2.11% | +0.37% | View data |
| 15 | 15 South Africa | 15,658,000 | 2023 | -1.26% | -2.01% | View data |
| 16 | 16 Finland | 15,001,000 | 2023 | +0.78% | +1.45% | |
| 17 | 17 Austria | 10,601,000 | 2023 | -2.18% | +0.82% | View data |
| 18 | 18 Hungary | 8,369,100 | 2023 | +1.81% | +0.29% | View data |
