Report Update: Apr 1, 2024

Vietnam - Marine Or River Navigation Instruments And Appliances - Market Analysis, Forecast, Size, Trends And Insights

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Marine GPS Navigator Price in Vietnam - 2022

Marine GPS Navigator Price in Vietnam (CIF) - 2022

In 2022, the average marine GPS navigator import price amounted to $1,806 per unit, increasing by 24% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 28%. 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 Norway ($3,219 per unit), while the price for China ($897 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Marine GPS Navigator Price in Vietnam (FOB) - 2022

In 2022, the average marine GPS navigator export price amounted to $2,540 per unit, picking up by 57% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 530% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,845 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($3,000 per unit), while the average price for exports to Indonesia ($500 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 Indonesia (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Marine GPS Navigator Imports in Vietnam

In 2022, after two years of decline, there was significant growth in overseas purchases of marine or river navigation instruments and appliances, when their volume increased by 26% to 7.3K units. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at 7.5K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, marine GPS navigator imports surged to $13M in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $13M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Marine GPS Navigator in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	704	63.1	453	5,589	99.5%
Japan	6,005	1,903	1,682	2,471	-25.6%
United Kingdom	178	326	21.9	2,012	124.4%
Canada	654	482	2,243	1,464	30.8%
Russia	22.9	84.1	127	509	181.2%
China	111	287	110	281	36.3%
South Korea	306	231	686	174	-17.2%
Hong Kong SAR	130	89.4	70.9	N/A	-26.1%
Austria	552	413	343	N/A	-21.2%
India	2,370	10.2	63.6	N/A	-83.6%
Others	2,455	3,509	2,696	731	-33.2%
Total	13,487	7,398	8,496	13,230	-0.6%

Top Suppliers of Marine GPS Navigator to Vietnam in 2022:

Norway (1736.0 units)
Japan (1735.0 units)
United Kingdom (1413.0 units)
Canada (1029.0 units)
Russia (480.0 units)
China (313.0 units)
South Korea (124.0 units)

Marine GPS Navigator Exports in Vietnam

For the third year in a row, Vietnam recorded decline in shipments abroad of marine or river navigation instruments and appliances, which decreased by -75% to 11 units in 2022. Overall, exports showed a sharp setback. The smallest decline of -38.6% was in 2020. Over the period under review, the exports attained the maximum at 140 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, marine GPS navigator exports shrank rapidly to $28K in 2022. Over the period under review, exports saw a precipitous decrease. The smallest decline of -55.8% was in 2020. The exports peaked at $438K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Marine GPS Navigator in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lao People's Democratic Republic	1.2	1.4	1.0	17.5	144.3%
Cambodia	2.1	5.8	0.8	9.0	62.4%
Taiwan (Chinese)	N/A	N/A	N/A	1.0	0%
Indonesia	0.2	N/A	0.2	0.5	35.7%
Hong Kong SAR	25.4	23.0	8.6	N/A	-41.8%
Japan	233	11.6	32.0	N/A	-62.9%
Belgium	N/A	21.9	N/A	N/A	0%
United States	89.2	26.8	3.3	N/A	-80.8%
France	28.8	43.4	13.6	N/A	-31.3%
South Africa	26.0	13.1	2.1	N/A	-71.6%
Turkey	12.3	7.9	2.1	N/A	-58.7%
Others	20.3	38.7	7.4	N/A	-39.6%
Total	438	194	71.1	27.9	-60.1%

Top Export Markets for Marine GPS Navigator from Vietnam in 2022:

Lao People's Democratic Republic (6.0 units)
Cambodia (3.0 units)
Indonesia (1.0 units)
Taiwan (Chinese) (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the marine gps navigator market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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