Colombia: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in Colombia

The Colombian marine GPS navigator market shrank slightly to $X in 2022, remaining stable against the previous year. In general, consumption, however, showed a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Marine Gps Navigator Production in Colombia

In value terms, marine GPS navigator production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 52%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Marine Gps Navigator Exports

Exports from Colombia

In 2022, the amount of marine or river navigation instruments and appliances exported from Colombia surged to X units, jumping by 682% against the year before. Overall, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 3,254% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, marine GPS navigator exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 when exports increased by 3,643%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 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 Colombia, with a 47% share of total exports. Moreover, marine GPS navigator exports to the United States exceeded the volume sent to the second major destination, Israel (X units), fourfold. The third position in this ranking was held by Ecuador (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+18.2% per year) and Ecuador (+32.0% per year).

In value terms, the United States ($X) remains the key foreign market for marine or river navigation instruments and appliances exports from Colombia, comprising 63% of total exports. The second position in the ranking was taken by Israel ($X), with a 10% share of total exports. It was followed by Chile, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-14.3% per year) and Chile (+26.8% per year).

Export Prices by Country

In 2022, the average marine GPS navigator export price amounted to $X per unit, with a decrease of -62% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 419% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Panama ($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 Suriname (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into Colombia

In 2022, after two years of decline, there was significant growth in purchases abroad of marine or river navigation instruments and appliances, when their volume increased by 57% to X units. Overall, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 79% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, marine GPS navigator imports expanded notably to $X in 2022. Over the period under review, imports showed noticeable growth. The pace of growth was the most pronounced in 2017 when imports increased by 102%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Norway (X units) constituted the largest marine GPS navigator supplier to Colombia, with a 39% share of total imports. Moreover, marine GPS navigator imports from Norway exceeded the figures recorded by the second-largest supplier, Brazil (X units), threefold. The third position in this ranking was taken by Japan (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Norway amounted to +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+55.6% per year) and Japan (+13.7% per year).

In value terms, the largest marine GPS navigator suppliers to Colombia were Norway ($X), Israel ($X) and Brazil ($X), with a combined 75% share of total imports.

Brazil, with a CAGR of +65.0%, saw the highest growth rate of the value of imports, among 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, which is down by -28% against the previous year. Over the period under review, the import price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 an increase of 95%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, 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 Israel ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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