Singapore: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in Singapore

The Singaporean marine GPS navigator market fell remarkably to $X in 2022, declining by -28.1% 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). Overall, consumption showed a relatively flat trend pattern. Marine GPS navigator consumption peaked at $X in 2021, and then dropped remarkably in the following year.

Marine Gps Navigator Exports

Exports from Singapore

In 2022, the amount of marine or river navigation instruments and appliances exported from Singapore dropped rapidly to X units, reducing by -22.9% compared with 2021 figures. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 31% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, marine GPS navigator exports dropped rapidly to $X in 2022. In general, exports recorded a mild descent. The pace of growth appeared the most rapid in 2013 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units), China (X units) and Malaysia (X units) were the main destinations of marine GPS navigator exports from Singapore, together comprising 54% of total exports. Australia, the UK, Taiwan (Chinese), Denmark, the United States, Vietnam, India, France, the United Arab Emirates and Hong Kong SAR lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +82.2%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Malaysia ($X) were the largest markets for marine GPS navigator exported from Singapore worldwide, together comprising 55% of total exports. Australia, the UK, Taiwan (Chinese), Denmark, the United States, Vietnam, India, France, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together accounting for a further 33%.

Denmark, with a CAGR of +107.2%, recorded the highest growth rate of the value of exports, among 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

The average marine GPS navigator export price stood at $X per unit in 2022, with an increase of 7.6% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 80% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Denmark ($X per unit) and the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and France ($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 Denmark (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into Singapore

In value terms, marine GPS navigator imports shrank notably to $X in 2022. Overall, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In value terms, the largest marine GPS navigator suppliers to Singapore were Japan ($X), France ($X) and Norway ($X), together accounting for 45% of total imports. The United States, the UK, Germany, Malaysia, China, Mexico, Vietnam, Australia, Taiwan (Chinese) and Indonesia lagged somewhat behind, together comprising a further 44%.

Vietnam, with a CAGR of +74.4%, recorded the highest growth rate of the value of imports, in terms of 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, surging by 7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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