Scandinavia: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Scandinavia

The Scandinavia marine GPS navigator market shrank markedly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, showed a measured increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted markedly in the following year.

Marine Gps Navigator Production in Scandinavia

In value terms, marine GPS navigator production reduced notably to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Marine Gps Navigator Exports

Exports in Scandinavia

In 2022, exports of marine or river navigation instruments and appliances in Scandinavia expanded notably to X units, picking up by X% on the year before. Over the period under review, exports showed a tangible increase. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, marine GPS navigator exports reduced to $X in 2022. Overall, exports, however, showed a mild reduction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Norway (X units) and Sweden (X units) were the key exporters of marine or river navigation instruments and appliances in Scandinavia, together comprising X% of total exports. It was distantly followed by Finland (X units), creating a X% share of total exports.

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

In value terms, Norway ($X) remains the largest marine GPS navigator supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Norway amounted to X%. In the other countries, the average annual rates were as follows: Finland (X% per year) and Sweden (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

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

Marine Gps Navigator Imports

Imports in Scandinavia

In 2022, the amount of marine or river navigation instruments and appliances imported in Scandinavia expanded sharply to X units, with an increase of X% on the previous year's figure. In general, imports, however, continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, marine GPS navigator imports skyrocketed to $X in 2022. Total imports indicated a temperate 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. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Norway represented the key importing country with an import of about X units, which finished at X% of total imports. Finland (X units) ranks second in terms of the total imports with a X% share, followed by Sweden (X%).

Imports into Norway decreased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Finland and Sweden increased by X and X percentage points, respectively.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

Sweden, with a CAGR of X%, saw 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 2022, the import price in Scandinavia amounted to $X per unit, surging by X% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price 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. Based on 2022 figures, marine GPS navigator import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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