Latin America and the Caribbean: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Latin America and the Caribbean

The Latin American marine GPS navigator market dropped to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, enjoyed a slight expansion. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Marine Gps Navigator Production in Latin America and the Caribbean

In value terms, marine GPS navigator production contracted notably to $X in 2022 estimated in export price. In general, production, however, saw a perceptible decline. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Marine Gps Navigator Exports

Exports in Latin America and the Caribbean

In 2022, marine gps navigator exports in Latin America and the Caribbean surged to X units, with an increase of X% against the year before. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, marine GPS navigator exports skyrocketed to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units) represented roughly X% of total exports in 2022.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of marine or river navigation instruments and appliances. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest marine GPS navigator supplier in Latin America and the Caribbean.

In Mexico, marine GPS navigator exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, jumping by X% against the previous year. Overall, the export price saw measured growth. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Marine Gps Navigator Imports

Imports in Latin America and the Caribbean

In 2022, after four years of decline, there was significant growth in overseas purchases of marine or river navigation instruments and appliances, when their volume increased by X% to X units. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, marine GPS navigator imports skyrocketed to $X in 2022. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Mexico represented the largest importer of marine or river navigation instruments and appliances in Latin America and the Caribbean, with the volume of imports finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Brazil (X units), achieving a X% share of total imports. The following importers - Argentina (X units), Chile (X units) and Colombia (X units) - each finished at a X% share of total imports.

Mexico was also the fastest-growing in terms of the marine or river navigation instruments and appliances imports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%) displayed positive paces of growth. By contrast, Brazil (X%), Chile (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.), Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (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 2022, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, 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

Frequently Asked Questions (FAQ) :