Analyzing the Fishing and Hunting Equipment Market Size in Malaysia from 2012 to 2022, we observe a fluctuating trend. The market value saw a decline from 2012 to 2015, followed by a significant increase in 2016. The values remained relatively stable from 2017 to 2022, with minor fluctuations. In 2023, the market stood at USD 21.22 million, reflecting stability. Year-on-year variations exhibited significant shifts, particularly in 2016 with a 29.57% increase and a subsequent decline in 2020 by 4.87%. The 5-year CAGR up to 2022 was -0.2%, signaling a slight overall market decline.
Future trends to watch for include the potential impact of technological advancements in fishing and hunting equipment, increased environmental regulations, and shifts in consumer preferences towards sustainable and eco-friendly products. Additionally, the growth of e-commerce platforms could further influence market dynamics.
