Algeria: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Algeria

The Algerian marine GPS navigator market fell significantly to $X in 2022, waning by -36.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a significant expansion. Marine GPS navigator consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Marine Gps Navigator Exports

Exports from Algeria

After five years of growth, shipments abroad of marine or river navigation instruments and appliances decreased by -40% to X units in 2022. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 297% against the previous year. As a result, the exports reached the peak of X units, and then declined markedly in the following year.

In value terms, marine GPS navigator exports reduced dramatically to $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 223% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Russia (X units), the United States (X units) and the Czech Republic (X units) were the main destinations of marine GPS navigator exports from Algeria, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +25.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for marine GPS navigator exported from Algeria were the United States ($X), Russia ($X) and the UK ($X), with a combined 62% share of total exports.

Russia, with a CAGR of +38.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average marine GPS navigator export price stood at $X per unit in 2022, picking up by 9.5% against the previous year. Over the period under review, the export price posted tangible growth. The most prominent rate of growth was recorded in 2020 an increase of 82% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into Algeria

Marine GPS navigator imports into Algeria plummeted to X units in 2022, falling by -54.9% on 2021 figures. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 309% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, marine GPS navigator imports fell remarkably to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 322% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined notably in the following year.

Imports by Country

France (X units), Russia (X units) and Norway (X units) were the main suppliers of marine GPS navigator imports to Algeria, together comprising 40% of total imports. South Korea, Japan, China, Taiwan (Chinese), Italy, Tunisia and the UK lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +74.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of marine or river navigation instruments and appliances to Algeria, comprising 28% of total imports. The second position in the ranking was held by France ($X), with a 5.7% share of total imports. It was followed by Norway, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +54.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+59.6% per year) and Norway (+67.3% per year).

Import Prices by Country

In 2022, the average marine GPS navigator import price amounted to $X per unit, jumping by 83% against the previous year. Overall, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 156%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+41.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :