The Canadian Fishing and Hunting Equipment Market has experienced a decline in value per capita from 2013 to 2023, decreasing from $5.22 to $4.35. The annual rate of decrease intensified in the mid-decade but has stabilized with a minor contraction from 2022 to 2023. The five-year period from 2019 to 2023 saw an average annual decrease (CAGR) of approximately 0.36%, indicating a relatively stable market.
Future trends to watch for include potential growth driven by increased outdoor recreation interest post-pandemic, environmental sustainability influencing product demand, and technological advancements in equipment enhancing user experience.
