The fishing rods market in Germany has seen a steady decline over the past decade. By 2023, the market value stood at 65.358 million USD, showing a continuous downward trend with a year-on-year decline of 6.24%. Over the past five years, the CAGR was a negative 6.25%, indicating significant contraction within the industry. Between 2019 to 2023, year-on-year variations reflect a shrinking market, suggesting decreasing demand or market shifts.
Future trends to watch for:
- The impact of environmental and sustainability concerns on industry materials.
- Technological advancements in fishing equipment.
- Changing consumer preferences and their influence on market recovery.
- The potential market expansion due to an increase in recreational fishing popularity post-pandemic.
How does Germany 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% | |
| 6 | 6 Canada | 50,301,000 | 2023 | -1.55% | -0.67% | View data |
| 7 | 7 Italy | 43,338,000 | 2023 | -9.22% | -8.36% | View data |
