Latin America and the Caribbean: Gps Navigator Market 2025

Gps Navigator Market Size in Latin America and the Caribbean

The Latin American GPS navigator market contracted modestly to $X in 2022, falling by X% against the previous year. In general, consumption, however, showed a abrupt descent. The growth pace was the most rapid in 2021 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Gps Navigator Production in Latin America and the Caribbean

In value terms, GPS navigator production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Gps Navigator Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of aeronautical or space navigation instruments and appliances decreased by X% to X units, falling for the third year in a row after two years of growth. Overall, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, GPS navigator exports totaled $X in 2022. Over the period under review, exports, however, showed slight growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico was the largest exporting country with an export of about X units, which accounted for X% of total exports. Brazil (X units) ranks second in terms of the total exports with an X% share, followed by Costa Rica (X%). Ecuador (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to GPS navigator exports from Mexico stood at X%. At the same time, Costa Rica (X%), Ecuador (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Costa Rica, Mexico and Ecuador increased by X, X and X percentage points, respectively.

In value terms, the largest GPS navigator supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Costa Rica ($X), with a combined X% share of total exports.

Costa Rica, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the export price in Latin America and the Caribbean amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced a decline in the export price figures.

Gps Navigator Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of aeronautical or space navigation instruments and appliances increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, GPS navigator imports surged to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Mexico (X units) and Brazil (X units) were the main importers of aeronautical or space navigation instruments and appliances in 2022, recording approx. X% and X% of total imports, respectively. It was distantly followed by Colombia (X units), committing a X% share of total imports. Argentina (X units), Chile (X units) and Peru (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported aeronautical or space navigation instruments and appliances in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

In Brazil, GPS navigator imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Mexico (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price recorded a resilient expansion. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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