The Fishing and Hunting Equipment market in Canada experienced fluctuations from 2012 to 2022. The market value started at $170.37 million in 2012, saw an initial rise, but then faced periodic declines, reaching $165.48 million in 2022. There was a notable uptrend between 2012 and 2013 with a year-on-year (YoY) increase of 10.84% and 7.46%, respectively. However, subsequent years saw various degrees of decline with the lowest YoY change in 2015 at -11.13%. From 2018 onwards, slight recovery was noted. The Compound Annual Growth Rate (CAGR) provided a mixed picture with peaks and troughs, showing a CAGR of 1.03% over the last five years ending in 2022.
Notably, the last two years exhibited positive YoY variations, 5.46% in 2021 and 0.19% in 2022, indicating a potential stabilization period. For the latest year 2023, this series would shed light on whether these stable gains persisted or faced any reversal.
Future trends to watch include increasing focus on eco-friendly and sustainable equipment, potential impact of regulatory changes, and the influence of digital and technology-driven innovations on buying behaviors. The market's response to economic conditions, outdoor recreational trends, and demographic shifts also merits close observation.
How does Canada rank in Fishing and Hunting Equipment Market Size Value?
| # | 17 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,258,500,000 | 2023 | +1.78% | +1.37% | View data |
| 2 | 2 China | 1,218,400,000 | 2023 | +3% | +2.79% | View data |
| 3 | 3 Japan | 656,490,000 | 2023 | -0.34% | -0.15% | View data |
| 4 | 4 France | 191,580,000 | 2023 | -0.28% | -0.11% | View data |
| 5 | 5 United Kingdom | 181,190,000 | 2023 | -0.69% | -0.63% | View data |
| 6 | 6 Canada | 165,780,000 | 2023 | +0.18% | -0.098% | |
| 7 | 7 Australia | 149,320,000 | 2023 | +0.4% | +0.15% | View data |
| 8 | 8 Spain | 102,210,000 | 2023 | -0.13% | -0.45% | View data |
