Analysis of the Fishing and Hunting Equipment market size in South Africa from 2012 to 2022 shows a general declining trend. The market started at $33.82 million in 2012 and ended at $23.322 million in 2022. The most significant decrease occurred between 2015 and 2016, with a year-on-year decline of -20.3%. Subsequent years saw fluctuations, including a brief recovery period in 2017 and slight growth in 2021. However, overall market conditions showed a compound annual growth rate (CAGR) of -1.89% over the last 5 years.
Future trends to watch for in 2024 include:
- Potential market recovery driven by increased outdoor recreational activities post-pandemic.
- Impact of new technological advancements in fishing and hunting equipment.
- Economic factors influencing discretionary spending on recreational activities.
How does South Africa rank in Fishing and Hunting Equipment Market Size Value?
| # | 17 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,258,500,000 | 2023 | +1.78% | +1.37% | View data |
| 2 | 2 China | 1,218,400,000 | 2023 | +3% | +2.79% | View data |
| 3 | 3 Japan | 656,490,000 | 2023 | -0.34% | -0.15% | View data |
| 4 | 4 France | 191,580,000 | 2023 | -0.28% | -0.11% | View data |
| 5 | 5 United Kingdom | 181,190,000 | 2023 | -0.69% | -0.63% | View data |
| 11 | 11 Sweden | 30,838,000 | 2023 | -2.52% | -2.27% | View data |
| 12 | 12 New Zealand | 28,544,000 | 2023 | +0.64% | +0.089% | View data |
| 13 | 13 South Africa | 22,729,000 | 2023 | -2.54% | -2.92% | |
| 14 | 14 Greece | 18,738,000 | 2023 | +0.53% | +0.13% | View data |
| 15 | 15 Switzerland | 16,587,000 | 2023 | +1.63% | +1.67% | View data |
