Western Africa: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Western Africa

The West African marine GPS navigator market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Marine Gps Navigator Production in Western Africa

In value terms, marine GPS navigator production stood at $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Marine Gps Navigator Exports

Exports in Western Africa

For the fourth year in a row, Western Africa recorded decline in shipments abroad of marine or river navigation instruments and appliances, which decreased by X% to X units in 2022. In general, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked 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 expanded to $X in 2022. Overall, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of marine or river navigation instruments and appliances, namely Ghana, Mali and Sierra Leone, represented more than two-thirds of total export. Cote d'Ivoire (X units) took 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) took 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 ($X) remains the largest marine GPS navigator supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with an X% share of total exports. It was followed by Guinea, with a X% share.

In Ghana, marine GPS navigator exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mali (X% per year) and Guinea (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, surging by X% against the previous year. Overall, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Western Africa

In 2022, approx. X units of marine or river navigation instruments and appliances were imported in Western Africa; declining by X% on 2021. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, marine GPS navigator imports fell rapidly to $X in 2022. Over the period under review, imports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 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 largest importers of marine or river navigation instruments and appliances, together creating X% of total imports. Guinea (X units) followed a long way behind the leaders.

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, Liberia ($X), Ghana ($X) and Nigeria ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Liberia, 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 Western Africa amounted to $X per unit, falling by X% against the previous year. Import price indicated a strong 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood 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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