Report Update Apr 1, 2024

Cuba - Marine or River Navigation Instruments and Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Cuba

The Cuban marine GPS navigator market dropped slightly to $X in 2021, falling by -3.6% 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). In general, consumption continues to indicate a precipitous curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Marine Gps Navigator Exports

Exports from Cuba

In 2021, shipments abroad of marine or river navigation instruments and appliances increased by 17% to X units, rising for the fourth consecutive year after two years of decline. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 200%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, marine GPS navigator exports reduced to $X in 2021. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 760% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for marine GPS navigator exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +14.9%.

In value terms, Russia ($X) also remains the key foreign market for marine GPS navigator exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -18.3%.

Export Prices by Country

The average marine GPS navigator export price stood at $X per unit in 2021, waning by -23.9% against the previous year. In general, the export price saw a sharp decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 67%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -28.9% per year.

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Marine Gps Navigator Imports

Imports into Cuba

In 2021, after five years of decline, there was growth in overseas purchases of marine or river navigation instruments and appliances, when their volume increased by 2.3% to X units. In general, imports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 127% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, marine GPS navigator imports dropped to $X in 2021. Over the period under review, imports, however, continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2013 with an increase of 46%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Greece (X units) constituted the largest supplier of marine GPS navigator to Cuba, accounting for a 40% share of total imports. Moreover, marine GPS navigator imports from Greece exceeded the figures recorded by the second-largest supplier, Russia (X units), twofold. The third position in this ranking was held by Angola (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+14.6% per year) and Angola (0.0% per year).

In value terms, Russia ($X) constituted the largest supplier of marine GPS navigator to Cuba, comprising 67% of total imports. The second position in the ranking was taken by Greece ($X), with a 12% share of total imports. It was followed by Estonia, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-5.1% per year) and Estonia (-19.7% per year).

Import Prices by Country

The average marine GPS navigator import price stood at $X per unit in 2021, with a decrease of -7.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 73% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for marine or river navigation instruments and appliances in the world?

China remains the largest marine GPS navigator consuming country worldwide, comprising approx. 20% of total volume. Moreover, marine GPS navigator consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of marine or river navigation instruments and appliances in the world?

The country with the largest volume of marine GPS navigator production was China, comprising approx. 19% of total volume. Moreover, marine GPS navigator production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), twofold. The third position in this ranking was taken by India, with an 8.3% share.

What are the leading suppliers of marine or river navigation instruments and appliances to Cuba?

In value terms, Russia constituted the largest supplier of marine GPS navigator to Cuba, comprising 67% of total imports. The second position in the ranking was held by Greece, with a 12% share of total imports. It was followed by Estonia, with a 6.7% share.

What are the leading importers of marine or river navigation instruments and appliances from Cuba?

In value terms, Russia remains the key foreign market for marine GPS navigator exports from Cuba.

What is the average export price for marine or river navigation instruments and appliances in Cuba?

The average marine GPS navigator export price stood at $196 per unit in 2021, declining by -23.9% against the previous year.

What is the average import price for marine or river navigation instruments and appliances in Cuba?

In 2021, the average marine GPS navigator import price amounted to $410 per unit, which is down by -7.4% against the previous year.

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

Cuba

Data coverage:

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