The fishing rods market in Norway displayed fluctuating trends over the past decade, with a market size reaching 21.655 million USD in 2023. Between 2013 and 2023, the values experienced several ups and downs, hitting peaks in 2014 and dips around 2018-2020. The recent years showed moderate growth with a 0.41% increase in 2022 and a slight 0.4% increase in 2023.
Key variations:
- Between 2013 and 2014, the market expanded by 19.11%.
- Post-2018, the market displayed a recovery trend with minor fluctuations.
- 2023 recorded slight growth, indicating stabilization.
The five-year CAGR suggests a moderate annual growth of 0.9%, reflecting a steady recovery phase and potential stabilization in the market.
Future trends to watch:
- Technological advances in fishing gear could drive market growth.
- Sustainability trends may influence consumer choices towards eco-friendly products.
- Changes in consumer leisure activities and tourism could impact the demand for fishing rods.
How does Norway 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 |
| 9 | 9 Brazil | 23,385,000 | 2023 | -0.73% | -1.5% | View data |
| 10 | 10 Netherlands | 22,060,000 | 2023 | -6.53% | -5.91% | View data |
| 11 | 11 Norway | 21,655,000 | 2023 | +0.4% | +0.9% | |
| 12 | 12 New Zealand | 19,294,000 | 2023 | +1.05% | -0.42% | View data |
| 13 | 13 Denmark | 19,036,000 | 2023 | +0.25% | -1.16% | View data |
