Hobby & Leisure market in Cyprus

The Cypriot Hobby & Leisure eCommerce market is predicted to reach US$144.7 million by 2024 and accounts for 26.4% of the total eCommerce market in Cyprus. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 5.7%, resulting in a projected market volume of US$180.3 million by 2028. Within the Hobby & Leisure market ECDB considers the following twelve sub-markets: Media, Sports Equipment, Pet Supplies, Toys, Stationery, Crafts & Art Supplies, Bullion & Precious Metal, Camping & Adventure, Musical Instruments, Flowers & Gifts, Other Hobby & Leisure, Erotic & Adult, and Smoking Supplies.

Market development

eCommerce revenue development in the Fishing Equipment market in Cyprus

The Cypriot Fishing Equipment eCommerce market is predicted to reach US$1.5 million by 2024 and accounts for 7.9% of the Individual Sports eCommerce market in Cyprus. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 2.3%, resulting in a projected market volume of US$1.6 million by 2028. The Fishing Equipment eCommerce market is a sub-market of the Individual Sports market. Further categories within the Individual Sports market are: Bicycles, Fitness Equipment, Hunting & Weapons, and Other Individual Sports.

eCommerce revenue development in the Fishing Equipment market in Cyprus

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Fishing Equipment market in Cyprus

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)54.355.912.552.711.10.815.320.9

Online share

eCommerce online share of the total Fishing Equipment market in Cyprus

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Cypriot Fishing Equipment retail market, the online share is 25.5% and will increase by an average of 11.8% to 39.9% by 2028.

eCommerce online share of the total Fishing Equipment market in Cyprus

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)19.2%76.3%1.3%59.4%64.1%72.4%89.1%45.4%

Market definition

Definition of the Fishing Equipment market within the Hobby & Leisure market

Market definition: Hobby & Leisure > Sports Equipment > Individual Sports > Fishing Equipment The category Fishing Equipment includes the online trade of fishing rods, fishing reels, fishing line, and more. This category does not cover fishing boats and accessories. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Fishing rods
  • Fishing reels
  • Fishing line
  • Fishing lures and baits

Out-of-scope

  • Fishing boats and accessories

Market comparison

The Cypriot Fishing Equipment market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis