Latin America and the Caribbean: Gps Navigator Market 2024

Gps Navigator Market Size in Latin America and the Caribbean

The Latin American GPS navigator market amounted to $X in 2023, surging by X% against the previous year. In general, consumption, however, continues to indicate a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Gps Navigator Production in Latin America and the Caribbean

In value terms, GPS navigator production expanded remarkably to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Gps Navigator Exports

Exports in Latin America and the Caribbean

In 2023, gps navigator exports in Latin America and the Caribbean rose remarkably to X units, surging by X% on the previous year. In general, exports posted a modest expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, GPS navigator exports skyrocketed to $X in 2023. Overall, exports posted a pronounced increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Mexico represented the largest exporter of aeronautical or space navigation instruments and appliances in Latin America and the Caribbean, with the volume of exports reaching X units, which was near X% of total exports in 2023. It was distantly followed by Brazil (X units), achieving an X% share of total exports. Jamaica (X units) took a little share of total exports.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of aeronautical or space navigation instruments and appliances. At the same time, Jamaica (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Jamaica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.) and Jamaica (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Mexico (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X), Mexico ($X) and Jamaica ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Jamaica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Jamaica ($X per unit) was amongst the lowest.

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

Gps Navigator Imports

Imports in Latin America and the Caribbean

In 2023, approx. X units of aeronautical or space navigation instruments and appliances were imported in Latin America and the Caribbean; rising by X% compared with the previous year's figure. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, GPS navigator imports rose remarkably to $X in 2023. In general, imports showed a mild expansion. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

Mexico (X units) and Brazil (X units) prevails in imports structure, together making up X% of total imports. Colombia (X units), Chile (X units) and Argentina (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X) constitutes the largest market for imported aeronautical or space navigation instruments and appliances in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, rising by X% against the previous year. In general, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

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 Colombia ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform