Chile: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in Chile

The Chilean marine GPS navigator market soared to $X in 2022, with an increase of 17% 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 saw a modest expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Marine Gps Navigator Exports

Exports from Chile

Marine GPS navigator exports from Chile soared to X units in 2022, growing by 31% compared with 2021 figures. Overall, exports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2021 when exports increased by 695% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, marine GPS navigator exports soared to $X in 2022. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 667% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for marine GPS navigator exports from Chile, with a 57% share of total exports. Moreover, marine GPS navigator exports to the United States exceeded the volume sent to the second major destination, Uruguay (X units), threefold. Canada (X units) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+66.6% per year) and Canada (-7.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for marine or river navigation instruments and appliances exports from Chile, comprising 58% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 20% share of total exports. It was followed by Canada, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+73.5% per year) and Canada (-11.1% per year).

Export Prices by Country

In 2022, the average marine GPS navigator export price amounted to $X per unit, shrinking by -6.9% against the previous year. Overall, the export price saw a noticeable contraction. The growth pace was the most rapid in 2016 when the average export price decreased by -3.4%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to France ($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 Argentina (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into Chile

Marine GPS navigator imports into Chile skyrocketed to X units in 2022, picking up by 21% against 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 53%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, marine GPS navigator imports skyrocketed to $X in 2022. Over the period under review, imports saw a mild expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Japan (X units) constituted the largest marine GPS navigator supplier to Chile, accounting for a 46% share of total imports. Moreover, marine GPS navigator imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by France (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.0% per year) and France (+30.9% per year).

In value terms, Japan ($X) constituted the largest supplier of marine or river navigation instruments and appliances to Chile, comprising 44% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.9% per year) and France (+32.2% per year).

Import Prices by Country

The average marine GPS navigator import price stood at $X per unit in 2022, reducing by -3.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($X per unit) and China ($X per unit), while the price for Japan ($X per unit) and Norway ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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