The Portuguese market for made-up fishing nets from twine, cordage, or rope of man-made fibers reached 2.1574 million kilograms in 2023. Over the decade, the market has shown fluctuations with notable growth in 2015. Recent years demonstrated minor variations, with the year-on-year increases in 2022 and 2023 both at 0.44%. Remarkably, the Compound Annual Growth Rate (CAGR) for the last five years stands at 0.85%, indicating a general upward trend despite small annual changes.
Future trends to watch include innovations in sustainable materials and the increasing demand for eco-friendly fishing equipment. Additional growth factors may stem from technological advancements improving durability and efficiency in fishing nets.
