ECOWAS: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in ECOWAS

In 2022, the ECOWAS marine GPS navigator market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Marine Gps Navigator Production in ECOWAS

In value terms, marine GPS navigator production stood at $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Marine Gps Navigator Exports

Exports in ECOWAS

For the fourth year in a row, ECOWAS recorded decline in overseas shipments of marine or river navigation instruments and appliances, which decreased by X% to X units in 2022. Over the period under review, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, marine GPS navigator exports totaled $X in 2022. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Ghana (X units), Mali (X units) and Sierra Leone (X units), together resulting at X% of total export. Cote d'Ivoire (X units) held the next position in the ranking, followed by Liberia (X units) and Niger (X units). All these countries together took approx. X% share of total exports. Guinea (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sierra Leone (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) remains the largest marine GPS navigator supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with an X% share of total exports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Guinea ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced mixed trends in the export price figures.

Marine Gps Navigator Imports

Imports in ECOWAS

In 2022, marine gps navigator imports in ECOWAS reduced remarkably to X units, which is down by X% on 2021 figures. Overall, imports showed a slight reduction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, marine GPS navigator imports dropped remarkably to $X in 2022. Over the period under review, imports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X units), distantly followed by Ghana (X units), Sierra Leone (X units), Liberia (X units), Senegal (X units), Niger (X units) and Cabo Verde (X units) represented the main importers of marine or river navigation instruments and appliances, together creating X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sierra Leone (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marine GPS navigator importing markets in ECOWAS were Liberia ($X), Ghana ($X) and Nigeria ($X), together accounting for X% of total imports.

In terms of the main importing countries, Liberia, with a CAGR of X%, 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

In 2022, the import price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Liberia ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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