Denmark: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in Denmark

The Danish marine GPS navigator market shrank sharply to $X in 2022, dropping by -31.9% against the previous year. Over the period under review, consumption, however, enjoyed a noticeable expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Marine Gps Navigator Production in Denmark

In value terms, marine GPS navigator production surged to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 289%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Marine Gps Navigator Exports

Exports from Denmark

Marine GPS navigator exports from Denmark surged to X units in 2022, with an increase of 42% against 2021 figures. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, marine GPS navigator exports soared to $X in 2022. Over the period under review, exports, however, saw a slight shrinkage. The growth pace was the most rapid in 2015 when exports increased by 46%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X units), Sweden (X units) and Norway (X units) were the main destinations of marine GPS navigator exports from Denmark, together accounting for 74% of total exports. Turkey, the Netherlands, Germany, the UK, Faroe Islands, Greenland and South Korea lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +33.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for marine GPS navigator exported from Denmark were Sweden ($X), Finland ($X) and Norway ($X), with a combined 60% share of total exports. The Netherlands, Germany, Turkey, the UK, Faroe Islands, Greenland and South Korea lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Turkey, with a CAGR of +22.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average marine GPS navigator export price stood at $X per unit in 2022, shrinking by -1.9% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of 32% against the previous year. 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 South Korea ($X per unit), while the average price for exports to Finland ($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 South Korea (+6.3%), while the prices for the other major destinations experienced a decline.

Marine Gps Navigator Imports

Imports into Denmark

In value terms, marine GPS navigator imports reached $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 61% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In value terms, the Netherlands ($X) constituted the largest supplier of marine or river navigation instruments and appliances to Denmark, comprising 54% of total imports. The second position in the ranking was taken by Norway ($X), with a 14% share of total imports. It was followed by Japan, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+5.6% per year) and Japan (+2.7% per year).

Import Prices by Country

In 2022, the average marine GPS navigator import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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