Report Update: Apr 1, 2024

Philippines - Marine Or River Navigation Instruments And Appliances - Market Analysis, Forecast, Size, Trends And Insights

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Marine GPS Navigator Price in the Philippines - 2023

Marine GPS Navigator Price in the Philippines (CIF) - 2022

In 2022, the average marine GPS navigator import price amounted to $83 per unit, reducing by -33.5% against the previous year. Over the period under review, the import price showed a pronounced reduction. The pace of growth was the most pronounced in 2015 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $126 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($1,389 per unit), while the price for India ($9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+46.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Marine GPS Navigator Price in the Philippines (FOB) - 2022

In 2022, the average marine GPS navigator export price amounted to $774 per unit, increasing by 17% against the previous year. In general, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 792%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,625 per unit), while the average price for exports to Singapore amounted to $67 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Marine GPS Navigator Imports in the Philippines

In 2022, the amount of marine or river navigation instruments and appliances imported into the Philippines skyrocketed to 57K units, increasing by 69% on 2021. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 100%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, marine GPS navigator imports expanded rapidly to $4.8M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 99%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Marine GPS Navigator in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2.0	14.4	7.9	2,480	974.3%
Japan	1,839	1,011	1,626	673	-28.5%
Taiwan (Chinese)	2,079	338	450	261	-49.9%
Singapore	327	117	146	107	-31.1%
China	95.2	36.3	137	80.5	-5.4%
India	N/A	N/A	17.8	54.8	207.9%
Others	364	617	1,867	1,132	46.0%
Total	4,708	2,134	4,253	4,789	0.6%

Top Suppliers of Marine GPS Navigator to the Philippines in 2022:

Germany (36.1K units)
China (8.8K units)
India (6.1K units)
Japan (3.8K units)
Singapore (0.5K units)
Taiwan (Chinese) (0.2K units)

Marine GPS Navigator Exports in the Philippines

In 2022, exports of marine or river navigation instruments and appliances from the Philippines soared to 6.4K units, picking up by 73% against the previous year's figure. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 857% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, marine GPS navigator exports soared to $4.9M in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,406% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Marine GPS Navigator in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	0.2	5.1	2,285	4,678	2759.9%
Singapore	N/A	146	85.1	229	25.2%
South Korea	14.5	N/A	N/A	N/A	0%
India	N/A	N/A	3.0	N/A	0%
Others	7.3	10.8	64.4	37.7	72.9%
Total	22.0	162	2,437	4,944	508.0%

Top Export Markets for Marine GPS Navigator from the Philippines in 2022:

Singapore (3.4K units)
United States (2.9K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the marine gps navigator market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26511180 - Instruments and appliances for navigation (including for marine or river navigation) (excluding for aeronautical or space navigation, compasses)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023