Report Update Nov 1, 2024

Morocco - Marine or River Navigation Instruments and Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Morocco

The Moroccan marine GPS navigator market expanded slightly to $X in 2022, surging by 4.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a mild setback. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Marine Gps Navigator Exports

Exports from Morocco

In 2022, overseas shipments of marine or river navigation instruments and appliances increased by 311% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a tangible increase. 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 soared to $X in 2022. In general, exports, however, faced a deep setback. The growth pace was the most rapid in 2018 when exports increased by 104,165% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X units) was the main destination for marine GPS navigator exports from Morocco, accounting for a 71% share of total exports. Moreover, marine GPS navigator exports to Denmark exceeded the volume sent to the second major destination, Norway (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-1.0% per year) and the Netherlands (-20.2% per year).

In value terms, Norway ($X) remains the key foreign market for marine or river navigation instruments and appliances exports from Morocco, comprising 61% of total exports. The second position in the ranking was held by Denmark ($X), with a 24% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Norway totaled -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and Germany (-32.8% per year).

Export Prices by Country

In 2022, the average marine GPS navigator export price amounted to $X per unit, picking up by 16% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 32,974% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Denmark ($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 Japan (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of marine GPS navigator to Morocco, with a 67% share of total imports. Moreover, marine GPS navigator imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X units), sevenfold. The third position in this ranking was held by Mexico (X units), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.2% per year) and Mexico (+39.1% per year).

In value terms, Japan ($X) constituted the largest supplier of marine or river navigation instruments and appliances to Morocco, comprising 62% of total imports. The second position in the ranking was taken by South Korea ($X), with an 8.3% share of total imports. It was followed by Mexico, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.4% per year) and Mexico (+41.9% per year).

Import Prices by Country

The average marine GPS navigator import price stood at $X per unit in 2022, rising by 31% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2014 an increase of 49%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for marine or river navigation instruments and appliances in the world?

China remains the largest marine gps navigator consuming country worldwide, accounting for 24% of total volume. Moreover, marine gps navigator consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of marine or river navigation instruments and appliances in the world?

China remains the largest marine gps navigator producing country worldwide, accounting for 26% of total volume. Moreover, marine gps navigator production in China exceeded the figures recorded by the second-largest producer, India, threefold. Taiwan Chinese) ranked third in terms of total production with an 8% share.

What are the leading suppliers of marine or river navigation instruments and appliances to Morocco?

In value terms, Switzerland constituted the largest supplier of marine gps navigator to Morocco, comprising 55% of total imports. The second position in the ranking was occupied by Japan, with a 17% share of total imports. It was followed by Norway, with a 7.5% share.

What are the leading importers of marine or river navigation instruments and appliances from Morocco?

In value terms, the largest markets for marine gps navigator exported from Morocco were Germany, France and Denmark $584), together accounting for 84% of total exports. Senegal, Spain, Belgium and Lithuania lagged somewhat behind, together accounting for a further 16%.

What is the average export price for marine or river navigation instruments and appliances in Morocco?

In 2021, the average marine gps navigator export price amounted to $361 per unit, dropping by -3.7% against the previous year.

What is the average import price for marine or river navigation instruments and appliances in Morocco?

In 2021, the average marine gps navigator import price amounted to $262 per unit, dropping by -6.2% against the previous year.

This report provides an in-depth analysis of the marine gps navigator market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26511180 - Instruments and appliances for navigation (including for marine or river navigation) (excluding for aeronautical or space navigation, compasses)

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023