Eastern Asia: Gps Navigator Market 2024

Gps Navigator Market Size in Eastern Asia

In 2023, the East Asian GPS navigator market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. Over the period under review, consumption saw a noticeable slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Gps Navigator Production in Eastern Asia

In value terms, GPS navigator production rose remarkably to $X in 2023 estimated in export price. Overall, production, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Gps Navigator Exports

Exports in Eastern Asia

In 2023, overseas shipments of aeronautical or space navigation instruments and appliances increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, GPS navigator exports declined to $X in 2023. In general, exports posted moderate growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, China (X units) represented the largest exporter of aeronautical or space navigation instruments and appliances in Eastern Asia, mixing up X% of total export.

China was also the fastest-growing in terms of the aeronautical or space navigation instruments and appliances exports, with a CAGR of X% from 2012 to 2023. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest GPS navigator supplier in Eastern Asia.

From 2012 to 2023, the average annual growth rate of value in China totaled X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Gps Navigator Imports

Imports in Eastern Asia

In 2023, imports of aeronautical or space navigation instruments and appliances in Eastern Asia dropped remarkably to X units, falling by X% on the previous year. Overall, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then declined significantly in the following year.

In value terms, GPS navigator imports rose remarkably to $X in 2023. Total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) represented the largest importer of aeronautical or space navigation instruments and appliances, committing X% of total imports. Japan (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%).

China was also the fastest-growing in terms of the aeronautical or space navigation instruments and appliances imports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, showed a pronounced curtailment. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform