Asia: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in Asia

The Asian marine GPS navigator market rose slightly to $X in 2021, surging by 1.7% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Marine Gps Navigator Production in Asia

In value terms, marine GPS navigator production expanded significantly to $X in 2021 estimated in export price. Overall, production enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Marine Gps Navigator Exports

Exports in Asia

In 2021, the amount of marine or river navigation instruments and appliances exported in Asia surged to X units, picking up by 47% against the year before. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, marine GPS navigator exports soared to $X in 2021. In general, exports saw buoyant growth. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) was the major exporting country with an export of around X units, which finished at 62% of total exports. Japan (X units) ranks second in terms of the total exports with a 13% share, followed by China (9.7%) and Israel (4.6%). India (X units), Hong Kong SAR (X units) and South Korea (X units) took a little share of total exports.

Taiwan (Chinese) was also the fastest-growing in terms of the marine or river navigation instruments and appliances exports, with a CAGR of +30.1% from 2012 to 2021. At the same time, India (+23.8%), Israel (+11.0%), South Korea (+4.3%) and China (+3.3%) displayed positive paces of growth. By contrast, Japan (-4.3%) and Hong Kong SAR (-7.7%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+49 p.p.) and India (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-5.8 p.p.), Hong Kong SAR (-8.3 p.p.) and Japan (-29.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) remains the largest marine GPS navigator supplier in Asia, comprising 44% of total exports. The second position in the ranking was held by Japan ($X), with an 18% share of total exports. It was followed by Israel, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Taiwan (Chinese) stood at +32.8%. In the other countries, the average annual rates were as follows: Japan (-4.2% per year) and Israel (+14.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, with an increase of 2.6% against the previous year. Overall, the export price, however, showed a mild decrease. The growth pace was the most rapid in 2015 when the export price increased by 24%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.3%), while the other leaders experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports in Asia

In 2021, supplies from abroad of marine or river navigation instruments and appliances decreased by -21.6% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, marine GPS navigator imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 18% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China represented the key importer of marine or river navigation instruments and appliances in Asia, with the volume of imports accounting for X units, which was approx. 29% of total imports in 2021. It was distantly followed by South Korea (X units), Turkey (X units), the United Arab Emirates (X units), Indonesia (X units) and Japan (X units), together comprising a 46% share of total imports. Singapore (X units), Vietnam (X units), Taiwan (Chinese) (X units), India (X units), Turkmenistan (X units), Hong Kong SAR (X units) and Malaysia (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to marine GPS navigator imports into China stood at +12.7%. At the same time, Turkmenistan (+20.1%), India (+17.0%), Turkey (+13.5%), the United Arab Emirates (+10.9%) and Vietnam (+2.8%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +20.1% from 2012-2021. By contrast, South Korea (-3.0%), Japan (-5.3%), Taiwan (Chinese) (-6.5%), Malaysia (-9.4%), Indonesia (-9.4%), Singapore (-13.1%) and Hong Kong SAR (-29.2%) illustrated a downward trend over the same period. While the share of China (+21 p.p.), Turkey (+8.5 p.p.), the United Arab Emirates (+6.9 p.p.), India (+2.4 p.p.) and Turkmenistan (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-5.7 p.p.), Singapore (-6.2 p.p.) and Hong Kong SAR (-29 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), China ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, together accounting for 56% of total imports. These countries were followed by Japan, Turkey, Singapore, Vietnam, India, Turkmenistan, Taiwan (Chinese), Hong Kong SAR, Indonesia and Malaysia, which together accounted for a further 36%.

Vietnam, with a CAGR of +11.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, with an increase of 47% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marine GPS navigator import price increased by +57.9% against 2017 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 52%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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