Western Africa: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Western Africa

In 2021, the West African marine GPS navigator market decreased by -0.1% to $X, falling for the second consecutive year after six years of growth. Over the period under review, consumption, however, showed resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Marine Gps Navigator Production in Western Africa

In value terms, marine GPS navigator production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2016 when the production volume increased by 84% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Marine Gps Navigator Exports

Exports in Western Africa

Marine GPS navigator exports reduced notably to X units in 2021, dropping by -68.3% on 2020 figures. Over the period under review, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2015 with an increase of 399%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, marine GPS navigator exports contracted to $X in 2021. Overall, exports saw a perceptible setback. The pace of growth was the most pronounced in 2015 with an increase of 296%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) and Nigeria (X units) prevails in exports structure, together creating 89% of total exports. Ghana (X units), Liberia (X units), Senegal (X units) and Cabo Verde (X units) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cote d'Ivoire (with a CAGR of +79.8%), while the other leaders experienced a decline in the exports figures.

In value terms, Cote d'Ivoire ($X) emerged as the largest marine GPS navigator supplier in Western Africa, comprising 67% of total exports. The second position in the ranking was taken by Ghana ($X), with a 20% share of total exports. It was followed by Nigeria, with a 3.8% share.

In Cote d'Ivoire, marine GPS navigator exports increased at an average annual rate of +105.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+0.2% per year) and Nigeria (-30.7% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, with an increase of 183% against the previous year. Overall, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when the export price increased by 248% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ghana ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+39.6%), while the other leaders experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports in Western Africa

In 2021, overseas purchases of marine or river navigation instruments and appliances decreased by -10.9% to X units, falling for the second year in a row after three years of growth. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 61%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, marine GPS navigator imports surged to $X in 2021. In general, imports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 63% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Cote d'Ivoire was the key importing country with an import of around X units, which reached 42% of total imports. Ghana (X units) ranks second in terms of the total imports with a 19% share, followed by Nigeria (16%) and Liberia (11%). The following importers - Togo (X units), Senegal (X units) and Mauritania (X units) - together made up 7.7% of total imports.

Imports into Cote d'Ivoire increased at an average annual rate of +24.5% from 2012 to 2021. At the same time, Liberia (+112.5%), Togo (+28.1%) and Senegal (+21.9%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +112.5% from 2012-2021. Mauritania experienced a relatively flat trend pattern. By contrast, Ghana (-4.5%) and Nigeria (-26.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cote d'Ivoire, Liberia, Ghana, Togo and Senegal increased by +40, +11, +9.3, +3 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 65% share of total imports. These countries were followed by Liberia, Nigeria, Togo and Mauritania, which together accounted for a further 29%.

In terms of the main importing countries, Liberia, with a CAGR of +80.2%, recorded 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 import price in Western Africa stood at $X per unit in 2021, with an increase of 73% against the previous year. Over the period under review, the import price showed a strong increase. The pace of growth was the most pronounced in 2015 when the import price increased by 90% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Senegal ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+22.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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