Portugal: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Portugal

In 2022, the Portuguese marine GPS navigator market increased by 38% to $X, rising for the third year in a row after two years of decline. In general, consumption showed resilient growth. Marine GPS navigator consumption peaked in 2022 and is expected to retain growth in the immediate term.

Marine Gps Navigator Exports

Exports from Portugal

In 2022, after three years of decline, there was significant growth in overseas shipments of marine or river navigation instruments and appliances, when their volume increased by 523% to X units. Over the period under review, exports continue to indicate buoyant growth. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, marine GPS navigator exports surged to $X in 2022. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 374%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Denmark (X units) was the main destination for marine GPS navigator exports from Portugal, accounting for a 72% share of total exports. Moreover, marine GPS navigator exports to Denmark exceeded the volume sent to the second major destination, South Africa (X units), tenfold. Angola (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark stood at +1,738.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+34.4% per year) and Angola (-2.2% per year).

In value terms, Denmark ($X) emerged as the key foreign market for marine or river navigation instruments and appliances exports from Portugal, comprising 63% of total exports. The second position in the ranking was taken by South Africa ($X), with a 9.1% share of total exports. It was followed by Angola, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark stood at +1,326.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+33.8% per year) and Angola (-3.9% per year).

Export Prices by Country

In 2022, the average marine GPS navigator export price amounted to $X per unit, which is down by -36.3% against the previous year. Overall, the export price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 67%. As a result, the export price attained the peak level of $X per unit, and then shrank markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Cabo Verde ($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 Chad (+120.5%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into Portugal

In 2022, supplies from abroad of marine or river navigation instruments and appliances increased by 61% to X units, rising for the second year in a row after two years of decline. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 164%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, marine GPS navigator imports soared to $X in 2022. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 126%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Spain (X units), the Netherlands (X units) and the United States (X units) were the main suppliers of marine GPS navigator imports to Portugal, together comprising 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of marine or river navigation instruments and appliances to Portugal, comprising 60% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total imports. It was followed by the United States, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.1% per year) and the United States (+4.0% per year).

Import Prices by Country

In 2022, the average marine GPS navigator import price amounted to $X per unit, declining by -12.9% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The growth pace was the most rapid in 2020 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 the United States ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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