Hong Kong SAR, China: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in Hong Kong SAR, China

After two years of decline, the Hong Kong marine GPS navigator market increased by 190% to $X in 2022. In general, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Marine Gps Navigator Production in Hong Kong SAR, China

In value terms, marine GPS navigator production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 609% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Marine Gps Navigator Exports

Exports from Hong Kong SAR, China

In 2022, the amount of marine or river navigation instruments and appliances exported from Hong Kong SAR reduced notably to X units, with a decrease of -88.5% against the previous year's figure. Overall, exports showed a sharp reduction. The growth pace was the most rapid in 2015 when exports increased by 70%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, marine GPS navigator exports declined rapidly to $X in 2022. Over the period under review, exports faced a significant decline. The pace of growth was the most pronounced in 2015 when exports increased by 72%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units), the Netherlands (X units) and the United States (X units) were the main destinations of marine GPS navigator exports from Hong Kong SAR, with a combined 80% share of total exports. Australia, Singapore, Germany and Japan lagged somewhat behind, together accounting for a further 9.6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of -5.8%), while the other leaders experienced a decline.

In value terms, China ($X), the Netherlands ($X) and the United States ($X) were the largest markets for marine GPS navigator exported from Hong Kong SAR worldwide, together comprising 79% of total exports. Australia, Singapore, Germany and Japan lagged somewhat behind, together accounting for a further 10%.

Among the main countries of destination, Germany, with a CAGR of -5.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average marine GPS navigator export price amounted to $X per unit, rising by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per unit) and China ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of marine or river navigation instruments and appliances was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt curtailment. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, marine GPS navigator imports soared to $X in 2022. In general, imports, however, showed a abrupt decrease. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and the UK (X units) were the main suppliers of marine GPS navigator imports to Hong Kong SAR, together comprising 45% of total imports. Taiwan (Chinese), Japan, South Korea, the Netherlands, Singapore, the United States and Norway lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the UK ($X) were the largest marine GPS navigator suppliers to Hong Kong SAR, with a combined 48% share of total imports. Taiwan (Chinese), Japan, the Netherlands, Singapore, the United States, South Korea and Norway lagged somewhat behind, together comprising a further 50%.

Taiwan (Chinese), with a CAGR of +33.9%, 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

In 2022, the average marine GPS navigator import price amounted to $X per unit, with an increase of 10% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, marine GPS navigator import price increased by +69.8% against 2012 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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