The per capita market size value of fishing rods in Canada has seen a steady decline from 2013 to 2023, indicating a decrease in consumer spending on fishing rods. By 2023, the value was 1.31 USD per capita, down from 1.96 USD in 2013. The past two years showed minor declines, with a year-on-year decrease of 1.5% from 2022 to 2023 and 2.2% from 2021 to 2022. The compound annual growth rate (CAGR) for the past five years was -1.4%, reflecting a consistent downward trend.
Future trends to watch for include:
- Shifts in consumer preferences possibly driven by increased interest in alternative outdoor activities or environmental concerns.
- Technological advancements that could rejuvenate interest or demand for fishing equipment.
- Potential policy changes affecting fishing regulations that might influence market dynamics.
- Impact of digital marketing strategies on consumer engagement and sales growth.
| # | 19 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 4.5 | 2023 | View data | ||
| 2 | 2 Australia | 4.26 | 2023 | View data | ||
| 3 | 3 Norway | 3.98 | 2023 | View data | ||
| 4 | 4 New Zealand | 3.77 | 2023 | View data | ||
| 5 | 5 Sweden | 3.28 | 2023 | View data | ||
| 9 | 9 France | 1.69 | 2023 | View data | ||
| 10 | 10 Netherlands | 1.34 | 2023 | View data | ||
| 11 | 11 Canada | 1.31 | 2023 | |||
| 12 | 12 Austria | 1.26 | 2023 | View data | ||
| 13 | 13 United Kingdom | 1.05 | 2023 | View data | ||
