Scandinavia: Gps Navigator Market 2024

Gps Navigator Market Size in Scandinavia

In 2023, the Scandinavia GPS navigator market was finally on the rise to reach $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Gps Navigator Production in Scandinavia

In value terms, GPS navigator production contracted slightly to $X in 2023 estimated in export price. Overall, production posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Gps Navigator Exports

Exports in Scandinavia

In 2023, after five years of growth, there was significant decline in shipments abroad of aeronautical or space navigation instruments and appliances, when their volume decreased by X% to X units. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, GPS navigator exports declined sharply to $X in 2023. In general, exports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Norway (X units) represented the largest exporter of aeronautical or space navigation instruments and appliances, generating X% of total exports. It was distantly followed by Sweden (X units) and Finland (X units), together creating a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Finland (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of exports in 2023.

Finland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

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

Gps Navigator Imports

Imports in Scandinavia

In 2023, supplies from abroad of aeronautical or space navigation instruments and appliances increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt decline. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, GPS navigator imports fell to $X in 2023. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2022 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

Norway was the major importer of aeronautical or space navigation instruments and appliances in Scandinavia, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. It was distantly followed by Sweden (X units), constituting a X% share of total imports. Finland (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to GPS navigator imports into Norway stood at X%. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. By contrast, Sweden (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) and Finland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Sweden (X p.p.) displayed negative dynamics.

In value terms, Norway ($X) constitutes the largest market for imported aeronautical or space navigation instruments and appliances in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

In Norway, GPS navigator imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Finland (X% per year) and Sweden (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2023, declining by X% against the previous year. In general, the import price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices reached the peak figure 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 Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform