Key Market Indicators
Guyana’s fishing equipment exports are expected to reach $9.3 million by 2026, up from $7.3 million in 2021. This is an average increase of 3.8% year-on-year. Since 2007, supplies from Guyana have decreased by 0.7% year-on-year. Guyana was ranked 75th in 2021, with Ecuador accounting for $7.3 million. Japan, the United States and Malaysia were respectively the second, third, and fourth highest ranked countries. Guyana’s fishing equipment imports are also set to hit $640,440 by 2026, up from $498,660 in 2021. This represents an average increase of 4.1% year-on-year. Since 2003, demand in Guyana has increased by 18.4% year-on-year. In 2021, the country ranked 92nd in the world, with Senegal accounting for $498,660. Japan, South Korea, and Singapore were respectively the second, third, and fourth highest ranked countries.
