The fishing reels market in Brazil has experienced a notable decline from 2012 to 2022, with the market value decreasing from 33.144 million USD to 22.63 million USD. This downturn is characterized by consecutive year-on-year decreases, except for minor growth in 2019 and 2020. Over the past five years, the market has seen an average annual decrease of 4.17%. By 2023, the market continued to reflect a downward trajectory, maintaining the challenging conditions.
Future trends to watch for include:
- The impact of economic recovery efforts post-COVID-19, which may improve discretionary spending, potentially stabilizing or invigorating market growth.
- Technological advancements and product innovations in recreational fishing equipment that could attract new customers.
- Sustained interest in sustainable and eco-friendly fishing practices might influence consumer preferences and market dynamics.
- Government policies promoting tourism and leisure may offer opportunities for growth in the fishing reels market.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 150,320,000 | 2023 | +9.06% | +3.66% | View data |
| 2 | 2 France | 109,900,000 | 2023 | +3.78% | +2.51% | View data |
| 3 | 3 United Kingdom | 89,294,000 | 2023 | +2.48% | +4.19% | View data |
| 4 | 4 Netherlands | 88,760,000 | 2023 | +2.79% | +3.28% | View data |
| 5 | 5 Germany | 82,455,000 | 2023 | -2.05% | -3.02% | View data |
| 7 | 7 Spain | 34,170,000 | 2023 | -0.71% | -1.53% | View data |
| 8 | 8 Sweden | 32,579,000 | 2023 | +1.79% | +0.85% | View data |
| 9 | 9 Brazil | 20,250,000 | 2023 | -4.94% | -3.23% | |
| 10 | 10 Austria | 19,602,000 | 2023 | +3.17% | +2.98% | View data |
| 11 | 11 Finland | 17,885,000 | 2023 | +0.42% | +3.26% | View data |
