Between 2013 and 2023, Brazil's fishing reels market size value per capita witnessed a declining trend, starting at $0.15 in 2013 and decreasing to $0.092 in 2023. The market saw significant declines after 2017, with the sharpest annual drop between 2017 and 2018. Over the last two years, reductions continued with a decrease of 5.8% from 2021 to 2022 and 6.1% from 2022 to 2023. The average annual contraction over the last five years (CAGR) stands at approximately -6.76%.
Future trends to watch for include:
- The impact of economic recovery post-2023 on discretionary spending behavior.
- Possibly increasing interest in recreational activities, including fishing, influenced by lifestyle trends and tourism booms.
- Technological innovations in fishing equipment that could revitalize the market.
| # | 16 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 5.13 | 2023 | View data | ||
| 2 | 2 Finland | 3.22 | 2023 | View data | ||
| 3 | 3 Sweden | 3.13 | 2023 | View data | ||
| 4 | 4 South Korea | 2.77 | 2023 | View data | ||
| 5 | 5 Norway | 2.57 | 2023 | View data | ||
| 14 | 14 Slovakia | 0.52 | 2023 | View data | ||
| 15 | 15 Romania | 0.46 | 2023 | View data | ||
| 16 | 16 Brazil | 0.092 | 2023 | |||
