Belgium: Gps Navigator Market 2024

Gps Navigator Market Size in Belgium

In 2022, the Belgian GPS navigator market was finally on the rise to reach $X for the first time since 2012, thus ending a nine-year declining trend. Overall, consumption, however, recorded a pronounced setback. Consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gps Navigator Production in Belgium

In value terms, GPS navigator production fell to $X in 2022 estimated in export price. In general, production, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gps Navigator Exports

Exports from Belgium

After three years of growth, overseas shipments of aeronautical or space navigation instruments and appliances decreased by X% to X units in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, GPS navigator exports dropped rapidly to $X in 2022. Over the period under review, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for GPS navigator exports from Belgium, with a X% share of total exports. Moreover, GPS navigator exports to the United States exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was taken by the UK (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for aeronautical or space navigation instruments and appliances exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average GPS navigator export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price continues to indicate a slight slump. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Austria ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Gps Navigator Imports

Imports into Belgium

In 2022, supplies from abroad of aeronautical or space navigation instruments and appliances decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, GPS navigator imports reduced sharply to $X in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

China (X units), Turkey (X units) and the United States (X units) were the main suppliers of GPS navigator imports to Belgium, together comprising X% of total imports. The UK, New Zealand, Japan, Canada, Spain and Mexico lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X) constituted the largest supplier of aeronautical or space navigation instruments and appliances to Belgium, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average GPS navigator import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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