Eastern Asia: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in Eastern Asia

The East Asian marine GPS navigator market totaled $X in 2021, flattening at the previous year. Over the period under review, consumption, however, saw a strong expansion. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Marine Gps Navigator Production in Eastern Asia

In value terms, marine GPS navigator production rose to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2021.

Marine Gps Navigator Exports

Exports in Eastern Asia

In 2021, the amount of marine or river navigation instruments and appliances exported in Eastern Asia soared to X units, rising by 41% against the previous year. Overall, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, marine GPS navigator exports surged to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.1% against 2016 indices. As a result, the exports attained 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 Eastern Asia, with the volume of exports finishing at X units, which was approx. 69% of total exports in 2021. It was distantly followed by Japan (X units) and China (X units), together committing a 26% share of total exports. Hong Kong SAR (X units) and South Korea (X units) took a little share 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, 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. While the share of Taiwan (Chinese) (+55 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-7.5 p.p.), Hong Kong SAR (-10.1 p.p.) and Japan (-36.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) remains the largest marine GPS navigator supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was held by Japan ($X), with a 24% share of total exports. It was followed by China, with a 6.8% share.

In Taiwan (Chinese), marine GPS navigator exports increased 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 Eastern Asia stood at $X per unit in 2021, which is down by -2.5% against the previous year. In general, the export price recorded a noticeable setback. The pace of growth appeared the most rapid in 2015 an increase of 25% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 South Korea (+3.3%), while the other leaders experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports in Eastern Asia

In 2021, overseas purchases of marine or river navigation instruments and appliances decreased by -21.6% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 22% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, marine GPS navigator imports surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 48% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main importer of marine or river navigation instruments and appliances, constituting 55% of total imports. South Korea (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Japan (13%) and Taiwan (Chinese) (6%). Hong Kong SAR (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the marine or river navigation instruments and appliances imports, with a CAGR of +12.7% from 2012 to 2021. South Korea (-3.0%), Japan (-5.3%), Taiwan (Chinese) (-6.5%) and Hong Kong SAR (-29.2%) illustrated a downward trend over the same period. China (+43 p.p.) and South Korea (+4 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by -46.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 93% share of total imports.

Japan, with a CAGR of +3.4%, recorded 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, surging by 64% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Hong Kong SAR (+21.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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