The fishing reels market in Indonesia experienced slight fluctuations in value per capita from 2013 to 2023, with a gradual increase evident particularly in the last two years. In 2023, the value reached 0.045 USD, reflecting a 2.27% increase from 2022. The compound annual growth rate (CAGR) for the past five years (2018-2023) is 1.41%, indicating a modest yet stable growth trajectory.
Looking ahead, future trends to watch for in the Indonesian fishing reels market include:
- Potential increases in consumer spending as economic conditions stabilize.
- Growth in recreational fishing activities driving higher demand for innovative and quality fishing equipment.
- Environmental policies impacting the market, such as sustainable fishing practices.