The fishing rods market in Iceland showed a steady upward trend from 2013 to 2023, with a market size reaching $1.6593 million USD by the latter year. Despite fluctuations, including a notable dip in 2018 (-10.45%) and 2020 (-4.9%), the market generally recovered well with moderate growth. Recent years show a slower growth trend with 1.43% in 2022 and 1.38% in 2023. The five-year compounded annual growth rate (CAGR) stands at 2.72%, indicating a stable yet modest growth trajectory over this period.
Future trends to watch:
- Eco-friendly materials driving consumer choices.
- Technological advancements in rod technology boosting performance.
- Enhanced focus on marketing towards younger demographics.
- Exploration of emerging fishing tourism trends in Iceland.
How does Iceland 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% | View data |
| 20 | 20 Portugal | 3,220,400 | 2023 | -12.21% | -8.77% | View data |
| 21 | 21 Latvia | 1,721,700 | 2023 | -2.1% | -1.31% | View data |
| 22 | 22 Iceland | 1,659,300 | 2023 | +1.38% | +2.72% | |
