From 2013 to 2023, the Swedish fishing reels market exhibited varying growth patterns, reaching a market size of $32.579 million in 2023. The market experienced significant fluctuations, with 2017 marking the highest year-on-year growth at 14.59%, while 2019 and 2020 saw declines. Over the last five years, the compound annual growth rate (CAGR) was 0.85%, indicating modest overall growth with the most recent year-on-year increase at 1.79% in 2023.
Looking ahead, the market may be influenced by factors such as technological innovation, environmental regulations, and shifting consumer preferences toward sustainable fishing practices. Additionally, demographic changes and an increasing interest in recreational fishing may drive future demand and innovation in fishing reels.
How does Sweden rank in Fishing Reels Market Size Value?
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 150,320,000 | 2023 | +9.06% | +3.66% | View data |
| 2 | 2 France | 109,900,000 | 2023 | +3.78% | +2.51% | View data |
| 3 | 3 United Kingdom | 89,294,000 | 2023 | +2.48% | +4.19% | View data |
| 4 | 4 Netherlands | 88,760,000 | 2023 | +2.79% | +3.28% | View data |
| 5 | 5 Germany | 82,455,000 | 2023 | -2.05% | -3.02% | View data |
| 6 | 6 Canada | 78,956,000 | 2023 | -0.34% | -1.84% | View data |
| 7 | 7 Spain | 34,170,000 | 2023 | -0.71% | -1.53% | View data |
| 8 | 8 Sweden | 32,579,000 | 2023 | +1.79% | +0.85% | |
| 9 | 9 Brazil | 20,250,000 | 2023 | -4.94% | -3.23% | View data |
| 10 | 10 Austria | 19,602,000 | 2023 | +3.17% | +2.98% | View data |
