Angola: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Angola

In 2022, after four years of growth, there was significant decline in the Angolan marine GPS navigator market, when its value decreased by -46.4% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Marine Gps Navigator Exports

Exports from Angola

In 2022, shipments abroad of marine or river navigation instruments and appliances increased by 18% to X units, rising for the second consecutive year after four years of decline. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 926% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, marine GPS navigator exports shrank remarkably to $X in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,949% against the previous year. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Belgium (X units) was the main destination for marine GPS navigator exports from Angola, accounting for a 73% share of total exports. Moreover, marine GPS navigator exports to Belgium exceeded the volume sent to the second major destination, the UK (X units), fourfold. Cameroon (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +59.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+83.3% per year) and Cameroon (+73.8% per year).

In value terms, the UK ($X) remains the key foreign market for marine or river navigation instruments and appliances exports from Angola, comprising 54% of total exports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total exports. It was followed by Cameroon, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +111.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+47.3% per year) and Cameroon (+53.7% per year).

Export Prices by Country

The average marine GPS navigator export price stood at $X per unit in 2022, reducing by -55.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 100% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium ($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 Spain (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into Angola

After three years of growth, overseas purchases of marine or river navigation instruments and appliances decreased by -50.7% to X units in 2022. Over the period under review, imports continue to indicate a slight descent. The growth pace was the most rapid in 2021 when imports increased by 270%. As a result, imports attained the peak of X units, and then fell dramatically in the following year.

In value terms, marine GPS navigator imports declined markedly to $X in 2022. Overall, imports, however, showed temperate growth. The most prominent rate of growth was recorded in 2021 when imports increased by 185% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

Norway (X units), Belgium (X units) and Portugal (X units) were the main suppliers of marine GPS navigator imports to Angola, with a combined 62% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +60.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Belgium ($X) and Congo ($X) were the largest marine GPS navigator suppliers to Angola, with a combined 55% share of total imports.

Belgium, with a CAGR of +61.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average marine GPS navigator import price stood at $X per unit in 2022, picking up by 37% against the previous year. In general, the import price showed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 97%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Netherlands ($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 United States (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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