Asia-Pacific: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in Asia-Pacific

The Asia-Pacific marine GPS navigator market rose slightly to $X in 2021, increasing by 2.5% against the previous year. Overall, consumption, however, posted a strong increase. Over the period under review, the market reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Marine Gps Navigator Production in Asia-Pacific

In value terms, marine GPS navigator production rose modestly to $X in 2021 estimated in export price. Over the period under review, production showed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Marine Gps Navigator Exports

Exports in Asia-Pacific

In 2021, the amount of marine or river navigation instruments and appliances exported in Asia-Pacific soared to X units, picking up by 43% compared with 2020. In general, exports continue to indicate a prominent expansion. 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 skyrocketed to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) was the main exporter of marine or river navigation instruments and appliances in Asia-Pacific, with the volume of exports resulting at X units, which was near 64% of total exports in 2021. Japan (X units) held the second position in the ranking, followed by China (X units). All these countries together held approx. 24% share of total exports. The following exporters - India (X units), Hong Kong SAR (X units) and South Korea (X units) - together made up 8.1% 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%), 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. From 2012 to 2021, the share of Taiwan (Chinese) and India increased by +52 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) remains the largest marine GPS navigator supplier in Asia-Pacific, comprising 50% of total exports. The second position in the ranking was held by Japan ($X), with a 20% share of total exports. It was followed by China, with a 5.6% share.

In Taiwan (Chinese), marine GPS navigator exports expanded at an average annual rate of +32.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-4.2% per year) and China (-0.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, surging by 3.8% against the previous year. Overall, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while China ($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-Pacific

In 2021, purchases abroad of marine or river navigation instruments and appliances decreased by -9.2% to X units, falling for the second year in a row after five years of growth. Overall, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by 13% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, marine GPS navigator imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 31%. 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 was the key importing country with an import of around X units, which finished at 32% of total imports. Australia (X units) ranks second in terms of the total imports with a 15% share, followed by South Korea (13%), Indonesia (7.6%) and Japan (7.3%). Singapore (X units), Vietnam (X units), Taiwan (Chinese) (X units), India (X units), New Zealand (X units), Hong Kong SAR (X units) and Malaysia (X units) followed a long way behind the leaders.

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, India (+17.0%) and Vietnam (+2.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +17.0% from 2012-2021. Australia experienced a relatively flat trend pattern. By contrast, South Korea (-3.0%), New Zealand (-5.0%), 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. From 2012 to 2021, the share of China, Australia, India, South Korea and Vietnam increased by +25, +6, +2.7, +2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest marine GPS navigator importing markets in Asia-Pacific were South Korea ($X), Australia ($X) and China ($X), together comprising 67% of total imports. Japan, Singapore, New Zealand, Vietnam, India, Taiwan (Chinese), Hong Kong SAR, Indonesia and Malaysia lagged somewhat behind, together comprising a further 30%.

Vietnam, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Asia-Pacific stood at $X per unit in 2021, with an increase of 44% against the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.6% 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 +67.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by 65%. The level of import peaked in 2021 and is expected to retain growth in the near future.

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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