Key Market Indicators
Paraguay's fishing equipment exports are expected to reach around $2.7 million by 2026, up from $2.4 million in 2021. This is an annual growth rate of 2.1%. Since 2004, the country's supply of fishing equipment has increased by 10.3% each year. In 2021, Paraguay was ranked 48th in the world, though it was overtaken by Bulgaria, which recorded $2.4 million in exports. Japan, the United States and Malaysia held the top three spots respectively. Paraguay's fishing equipment imports are projected to reach $20 million by 2026, up from $17 million in 2021. This is an average annual growth rate of 2.8%. Since 1994, the country's demand for fishing equipment has risen by 19.3% each year. In 2021, Paraguay was ranked 28th in the world, though it was overtaken by the Czech Republic, which recorded $17 million in imports. Japan, South Korea and Singapore held the top three spots respectively.
