In 2023, the fishing rods market size in Singapore was valued at 18.189 million USD. The market witnessed a modest recovery with a 2.11% increase from the previous year, following slight growth in 2021 and 2022. The five-year CAGR indicates a slight positive growth of 0.37%, marking a stabilization phase after earlier declines. From 2013 to 2023, the market showed fluctuations, peaking in 2016 and experiencing downturns in subsequent years until a gradual rebound post-2020.
Future trends to watch for:
- Increased eco-conscious consumer preferences, driving demand for sustainable fishing products.
- Technological advancements in fishing gear, potentially expanding the premium segment.
- Growth in recreational fishing due to tourism recovery and lifestyle changes promoting outdoor activities.
How does Singapore 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 |
| 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 |
| 14 | 14 Singapore | 18,189,000 | 2023 | +2.11% | +0.37% | |
| 15 | 15 South Africa | 15,658,000 | 2023 | -1.26% | -2.01% | View data |
| 16 | 16 Finland | 15,001,000 | 2023 | +0.78% | +1.45% | View data |
