Market Insights Consumer Toys & Hobby Sports Equipment

Fishing Equipment - Suriname

Suriname

in Suriname, a country known for its rich fishing traditions, is also a player in the global Fishing Equipment market.
In 2024, the revenue in this market segment is projected to amount to US$1m.
This figure reflects the total value of sales withSuriname for fishing equipment.
Looking ahead, the market is expected to experience an annual growth rate of 7.71% from 2024 to 2029.
This compound annual growth rate (CAGR) indicates the average annual growth rate over this five-year period.
In terms of global comparison, it is worth noting that in China leads the way in generating revenue in the Fishing Equipment market.
In 2024, in China is projected to generate a staggering US$6,199m in revenue.
This figure highlights the significant market dominance of in China in this industry.
To gain a better understanding of the economic impact of the Fishing Equipment market, it is helpful to consider the per person revenues.
In 2024, per person revenues in Suriname are estimated to be US$1.91.
This figure represents the amount of revenue generated per individual in Suriname, taking into account the total population of the country.
These numbers provide valuable insights into the current and potential future growth of the Fishing Equipment market in Suriname.
As the market continues to evolve, it will be interesting to observe how Suriname's revenue and market share may change in relation to global trends.
Suriname's fishing equipment market is experiencing a surge in demand due to the country's abundant rivers and coastal areas.

Key regions: Indonesia, India, United Kingdom, United States, China

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on goods people buy for their leisure activities and hobbies.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use in-house market research, national statistical offices, international institutions, trade associations, third-party studies, and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and household number. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for forecasting the Toys & Hobby market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.