Price for Navigational Instruments and Appliances; Parts and Accessories in China - 2024
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in China (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in China (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in China
- Exports of Navigational Instruments and Appliances; Parts and Accessories in China
Price for Navigational Instruments and Appliances; Parts and Accessories in China (CIF) - 2022
The average import price for navigational instruments and appliances; parts and accessorieses stood at $575,119 per ton in 2022, with a decrease of -18.5% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for navigational instruments and appliances; parts and accessorieses increased by +76.1% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 83% against the previous year. The import price peaked at $705,432 per ton in 2021, and then reduced rapidly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,696,171 per ton), while the price for South Korea ($122,717 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in China (FOB) - 2022
The average export price for navigational instruments and appliances; parts and accessorieses stood at $82,422 per ton in 2022, falling by -5% against the previous year. Over the period under review, the export price, however, saw a pronounced increase. The growth pace was the most rapid in 2019 an increase of 87%. As a result, the export price reached the peak level of $180,144 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($320,604 per ton), while the average price for exports to Canada ($18,080 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Navigational Instruments and Appliances; Parts and Accessories in China
In 2022, overseas purchases of navigational instruments and appliances; parts and accessorieses were finally on the rise to reach 73 tons after two years of decline. Over the period under review, imports, however, recorded a abrupt decline.
In value terms, imports of navigational instruments and appliances; parts and accessorieses contracted to $42M in 2022. Overall, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year.
| Import of Navigational Instruments and Appliances; Parts and Accessories in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.7 | 16.6 | 25.3 | 17.0 | -3.1% |
| Japan | 7.2 | 7.0 | 7.5 | 6.0 | -5.9% |
| Canada | 0.2 | 0.5 | 0.2 | 5.0 | 192.4% |
| Finland | N/A | 0.1 | 0.6 | 2.5 | 400.0% |
| Norway | 1.8 | 0.8 | 3.5 | 1.4 | -8.0% |
| Taiwan (Chinese) | 5.3 | 0.9 | 0.9 | 1.1 | -40.8% |
| Germany | 9.7 | 1.5 | 1.9 | 1.1 | -51.6% |
| United Kingdom | 1.1 | 1.7 | 0.7 | 1.0 | -3.1% |
| Netherlands | 0.4 | 0.5 | 0.2 | 0.6 | 14.5% |
| Denmark | 0.3 | 0.9 | 0.4 | 0.5 | 18.6% |
| Mexico | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| Singapore | 3.5 | 0.7 | 0.1 | 0.2 | -61.5% |
| South Korea | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 4.2 | 4.4 | 4.1 | 4.9 | 5.3% |
| Total | 53.0 | 36.2 | 45.9 | 41.9 | -7.5% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to China in 2022:
- Japan (36.1 tons)
- Taiwan (Chinese) (5.4 tons)
- United States (4.6 tons)
- Netherlands (3.4 tons)
- Canada (2.9 tons)
- Germany (2.9 tons)
- Mexico (2.3 tons)
- United Kingdom (2.2 tons)
- Norway (2.1 tons)
- Denmark (1.8 tons)
- Finland (1.6 tons)
- South Korea (1.3 tons)
- Singapore (0.9 tons)
Exports of Navigational Instruments and Appliances; Parts and Accessories in China
Exports of navigational instruments and appliances; parts and accessorieses from China declined to 287 tons in 2022, which is down by -9.4% against 2021 figures. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 7.5% against the previous year.
In value terms, exports of navigational instruments and appliances; parts and accessorieses shrank to $24M in 2022. Over the period under review, exports continue to indicate a sharp reduction.
| Export of Navigational Instruments and Appliances; Parts and Accessories in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 55.8 | 22.5 | 5.7 | 6.8 | -50.4% |
| United States | 8.0 | 4.0 | 3.4 | 3.0 | -27.9% |
| Japan | 1.4 | 3.9 | 7.7 | 2.4 | 19.7% |
| South Korea | 1.0 | 0.9 | 0.5 | 1.8 | 21.6% |
| Norway | 1.5 | 2.5 | 1.6 | 1.3 | -4.7% |
| Taiwan (Chinese) | 1.3 | 1.0 | 1.3 | 1.1 | -5.4% |
| Singapore | 1.0 | 0.7 | 0.7 | 1.1 | 3.2% |
| United Arab Emirates | 0.1 | 0.1 | 0.3 | 0.7 | 91.3% |
| Germany | 0.6 | 0.6 | 0.7 | 0.6 | 0.0% |
| Canada | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Others | 4.3 | 3.4 | 5.2 | 4.8 | 3.7% |
| Total | 75.5 | 39.8 | 27.5 | 23.7 | -32.0% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from China in 2022:
- Hong Kong SAR (82.3 tons)
- United States (36.1 tons)
- Japan (33.3 tons)
- South Korea (29.7 tons)
- Taiwan (Chinese) (26.6 tons)
- Germany (13.9 tons)
- Canada (10.5 tons)
- United Arab Emirates (8.5 tons)
- Singapore (5.9 tons)
- Norway (4.1 tons)
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