The fishing rods market in Portugal has experienced notable fluctuations from 2013 to 2023. The market size value stood at 3.2204 million USD by 2023, indicating a consistent decline overall. Year-on-year decreases were pronounced over the last two years, at -10.98% from 2021 to 2022, and -12.21% from 2022 to 2023. The compound annual growth rate (CAGR) over the past five years was -8.77%, highlighting a downward trend after a brief period of recovery in 2018.
Future trends to watch for include:
- Potential stabilization in the market as external economic factors normalize post-pandemic.
- Technological advancements and innovation in fishing gear that could drive demand.
- Environmental regulations and sustainability trends influencing consumer preferences and market dynamics.
How does Portugal 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 |
| 18 | 18 Hungary | 8,369,100 | 2023 | +1.81% | +0.29% | View data |
| 19 | 19 Switzerland | 4,640,100 | 2023 | -0.46% | -0.43% | View data |
| 20 | 20 Portugal | 3,220,400 | 2023 | -12.21% | -8.77% | |
| 21 | 21 Latvia | 1,721,700 | 2023 | -2.1% | -1.31% | View data |
| 22 | 22 Iceland | 1,659,300 | 2023 | +1.38% | +2.72% | View data |
