The fishing rods market in Brazil has experienced fluctuating growth since 2012. The market value peaked in 2013 and 2018, showing steady growth trends before contracting in 2014 and 2015. A slight recovery commenced in 2016, followed by continued growth in 2017, fueled by increasing demand and interest in recreational fishing. The market saw declines in 2019 and 2020 due to economic challenges but began to recover slightly in 2021. The Compound Annual Growth Rate over the past five years shows modest growth but also indicates volatility.
Future trends to watch for include:
- Growth in ecological and sustainable fishing gear
- Increased interest in sport fishing activities
- Potential market expansion due to tourism development
- Possible influence of technological advancements on fishing equipment
How does Brazil 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 |
| 7 | 7 Italy | 43,338,000 | 2023 | -9.22% | -8.36% | View data |
| 8 | 8 Sweden | 34,365,000 | 2023 | +0.93% | +2.47% | View data |
| 9 | 9 Brazil | 23,385,000 | 2023 | -0.73% | -1.5% | |
| 10 | 10 Netherlands | 22,060,000 | 2023 | -6.53% | -5.91% | View data |
| 11 | 11 Norway | 21,655,000 | 2023 | +0.4% | +0.9% | View data |
