Europe: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in Europe

The Europe marine GPS navigator market rose rapidly to $X in 2021, surging by 6.5% against the previous year. Overall, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Marine Gps Navigator Production in Europe

In value terms, marine GPS navigator production rose markedly to $X in 2021 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 29%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Marine Gps Navigator Exports

Exports in Europe

In 2021, the amount of marine or river navigation instruments and appliances exported in Europe rose markedly to X units, with an increase of 12% on 2020 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, marine GPS navigator exports surged to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the major exporting country with an export of around X units, which accounted for 44% of total exports. It was distantly followed by the UK (X units), France (X units), Italy (X units) and Germany (X units), together comprising a 27% share of total exports. Estonia (X units), Denmark (X units), Austria (X units), Switzerland (X units), the Czech Republic (X units), Sweden (X units), Poland (X units) and Lithuania (X units) took a little share of total exports.

Exports from the Netherlands increased at an average annual rate of +5.3% from 2012 to 2021. At the same time, Estonia (+56.2%), Poland (+43.4%), the Czech Republic (+27.9%), Austria (+9.9%), Lithuania (+7.9%) and Denmark (+2.1%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +56.2% from 2012-2021. France and Switzerland experienced a relatively flat trend pattern. By contrast, Sweden (-1.8%), Germany (-5.1%), the UK (-5.6%) and Italy (-8.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+18 p.p.), Estonia (+3.2 p.p.), the Czech Republic (+2 p.p.), Austria (+1.7 p.p.) and Poland (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Germany (-2.2 p.p.), Italy (-5.3 p.p.) and the UK (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X), the Netherlands ($X) and France ($X) were the countries with the highest levels of exports in 2021, with a combined 61% share of total exports. Germany, Italy, Lithuania, Denmark, Estonia, the Czech Republic, Poland, Sweden, Switzerland and Austria lagged somewhat behind, together accounting for a further 19%.

Estonia, with a CAGR of +50.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, rising by 9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2017 an increase of 24%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was France ($X per unit), while Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+22.7%), while the other leaders experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports in Europe

In 2021, purchases abroad of marine or river navigation instruments and appliances increased by 8.9% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 13%. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, marine GPS navigator imports surged to $X in 2021. The total import value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the major importing country with an import of about X units, which resulted at 36% of total imports. It was distantly followed by France (X units), Russia (X units), Spain (X units), Germany (X units) and the UK (X units), together achieving a 30% share of total imports. Poland (X units), Italy (X units), Denmark (X units), Finland (X units), Norway (X units), Estonia (X units) and Sweden (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to marine GPS navigator imports into the Netherlands stood at +7.2%. At the same time, Estonia (+35.0%), Poland (+26.2%), Russia (+20.0%), Denmark (+10.3%), Finland (+7.3%), Germany (+6.9%), France (+6.8%) and Sweden (+4.6%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Europe, with a CAGR of +35.0% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Spain (-6.5%), the UK (-9.5%) and Norway (-11.5%) illustrated a downward trend over the same period. The Netherlands (+10 p.p.), Russia (+4.7 p.p.), Poland (+3.6 p.p.), France (+2.2 p.p.), Estonia (+2.1 p.p.) and Denmark (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Norway, Spain and the UK saw its share reduced by -6.9%, -8% and -10.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest marine GPS navigator importing markets in Europe were the Netherlands ($X), the UK ($X) and Germany ($X), together comprising 42% of total imports. These countries were followed by France, Italy, Spain, Norway, Russia, Poland, Denmark, Finland, Sweden and Estonia, which together accounted for a further 45%.

Among the main importing countries, Estonia, with a CAGR of +30.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform