ASEAN: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in ASEAN

In 2023, the ASEAN marine GPS navigator market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Marine Gps Navigator Production in ASEAN

In value terms, marine GPS navigator production dropped slightly to $X in 2023 estimated in export price. The total production indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Marine Gps Navigator Exports

Exports in ASEAN

Marine GPS navigator exports reached X units in 2023, standing approx. at the previous year. Overall, exports, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, marine GPS navigator exports soared to $X in 2023. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) and Singapore (X units) were the major exporters of marine or river navigation instruments and appliances in 2023, amounting to near X% and X% of total exports, respectively. The Philippines (X units) took the next position in the ranking, distantly followed by Thailand (X units). All these countries together held near X% share of total exports. Vietnam (X units) and Indonesia (X units) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest marine GPS navigator supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Singapore was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, picking up by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, marine GPS navigator export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports in ASEAN

In 2023, after two years of growth, there was decline in supplies from abroad of marine or river navigation instruments and appliances, when their volume decreased by X% to X units. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, marine GPS navigator imports expanded sharply to $X in 2023. In general, imports showed a noticeable setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Singapore (X units) represented the major importer of marine or river navigation instruments and appliances, making up X% of total imports. Indonesia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%), the Philippines (X%), Malaysia (X%) and Vietnam (X%). Brunei Darussalam (X units) followed a long way behind the leaders.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of marine or river navigation instruments and appliances. At the same time, the Philippines (X%), Brunei Darussalam (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.), the Philippines (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Malaysia (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported marine or river navigation instruments and appliances in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform