Spain: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Spain

In 2022, the Spanish marine GPS navigator market decreased by -11% to $X, falling for the fourth year in a row after seven years of growth. Over the period under review, consumption saw a mild descent. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Marine Gps Navigator Production in Spain

In value terms, marine GPS navigator production reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 73%. Marine GPS navigator production peaked at $X in 2021, and then dropped dramatically in the following year.

Marine Gps Navigator Exports

Exports from Spain

In 2022, after two years of decline, there was significant growth in shipments abroad of marine or river navigation instruments and appliances, when their volume increased by 19% to X units. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 80%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, marine GPS navigator exports soared to $X in 2022. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 135% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X units), Germany (X units) and Angola (X units) were the main destinations of marine GPS navigator exports from Spain, with a combined 46% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +235.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for marine GPS navigator exported from Spain were the UK ($X), Germany ($X) and Portugal ($X), together accounting for 50% of total exports. France, Angola, Morocco, the United States, Turkey, Norway, the Netherlands, South Africa and Bahrain lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Angola, with a CAGR of +222.9%, recorded the highest growth rate of the value of exports, 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, surging by 11% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, marine GPS navigator export price increased by +78.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 51% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Norway ($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 South Africa (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into Spain

In 2022, purchases abroad of marine or river navigation instruments and appliances decreased by -14.1% to X units, falling for the fourth consecutive year after seven years of growth. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 35% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, marine GPS navigator imports fell to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 24%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Norway (X units) and France (X units) were the main suppliers of marine GPS navigator imports to Spain, together accounting for 55% of total imports. Belgium, Taiwan (Chinese), the United States, Japan and the UK lagged somewhat behind, together accounting for a further 31%.

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 +35.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of marine or river navigation instruments and appliances to Spain, comprising 42% of total imports. The second position in the ranking was held by Norway ($X), with a 15% share of total imports. It was followed by the United States, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+6.4% per year) and the United States (+14.3% per year).

Import Prices by Country

In 2022, the average marine GPS navigator import price amounted to $X per unit, with an increase of 9% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, marine GPS navigator import price increased by +84.5% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 32%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 France ($X per unit), while the price for the Netherlands ($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 UK (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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