Malaysia: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Malaysia

The Malaysian marine GPS navigator market dropped to $X in 2022, with a decrease of -2% against the previous year. In general, consumption saw a buoyant expansion. Marine GPS navigator consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Marine Gps Navigator Production in Malaysia

In value terms, marine GPS navigator production dropped to $X in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 92%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Marine Gps Navigator Exports

Exports from Malaysia

After three years of growth, shipments abroad of marine or river navigation instruments and appliances decreased by -16.2% to X units in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 309%. The exports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, marine GPS navigator exports contracted markedly to $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 324% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined sharply in the following year.

Exports by Country

The Netherlands (X units), the United States (X units) and Japan (X units) were the main destinations of marine GPS navigator exports from Malaysia, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +216.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Singapore ($X) constituted the largest markets for marine GPS navigator exported from Malaysia worldwide, with a combined 82% share of total exports.

The Netherlands, with a CAGR of +252.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average marine GPS navigator export price amounted to $X per unit, shrinking by -5.1% against the previous year. Overall, the export price, however, saw a pronounced expansion. The growth pace was the most rapid in 2018 an increase of 171%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia ($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 Vietnam (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into Malaysia

After three years of growth, overseas purchases of marine or river navigation instruments and appliances decreased by -6.2% to X units in 2022. In general, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 293% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then dropped in the following year.

In value terms, marine GPS navigator imports surged to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 185% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of marine GPS navigator imports to Malaysia, with a combined 56% share of total imports.

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 +25.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest marine GPS navigator suppliers to Malaysia were Singapore ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising 56% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +17.5%, saw the highest growth rate of 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 average marine GPS navigator import price stood at $X per unit in 2022, with an increase of 26% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 45% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per unit) and Germany ($X per unit), while the price for Norway ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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