Price for Navigational Instruments and Appliances; Parts and Accessories in Spain - 2023

Contents:

1. Price for Navigational Instruments and Appliances; Parts and Accessories in Spain (CIF) - 2022
2. Price for Navigational Instruments and Appliances; Parts and Accessories in Spain (FOB) - 2022
3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Spain
4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Spain

Price for Navigational Instruments and Appliances; Parts and Accessories in Spain (CIF) - 2022

The average import price for navigational instruments and appliances; parts and accessorieses stood at $174,446 per ton in 2022, jumping by 23% against the previous year. In general, the import price, however, saw a mild slump. The most prominent rate of growth was recorded in 2020 an increase of 42% against the previous year. Over the period under review, average import prices attained the maximum at $244,663 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($337,496 per ton), while the price for Germany ($32,016 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Spain (FOB) - 2022

In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $376,065 per ton, picking up by 26% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 29%. The export price peaked at $473,146 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 UK ($1,037,762 per ton), while the average price for exports to the Czech Republic ($55,924 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 the UK (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Spain

For the third year in a row, Spain recorded decline in overseas purchases of navigational instruments and appliances; parts and accessorieses, which decreased by -8.6% to 87 tons in 2022. Over the period under review, imports continue to indicate a dramatic decline.

In value terms, imports of navigational instruments and appliances; parts and accessorieses expanded notably to $15M in 2022. In general, imports recorded a abrupt setback.

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Spain in 2022:

1. Norway (12.1 tons)
2. Denmark (11.7 tons)
3. United Kingdom (9.0 tons)
4. Italy (8.3 tons)
5. Netherlands (8.2 tons)
6. United States (8.1 tons)
7. Germany (7.4 tons)
8. France (5.3 tons)
9. Belgium (4.0 tons)
10. Japan (3.2 tons)
11. Curacao (1.9 tons)
12. Poland (0.9 tons)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Spain

In 2022, shipments abroad of navigational instruments and appliances; parts and accessorieses increased by 50% to 31 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt decrease.

In value terms, exports of navigational instruments and appliances; parts and accessorieses soared to $12M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Spain in 2022:

1. Norway (5.6 tons)
2. United Kingdom (4.0 tons)
3. France (3.2 tons)
4. Portugal (2.6 tons)
5. Seychelles (2.1 tons)
6. Japan (2.0 tons)
7. Italy (1.9 tons)
8. United States (1.4 tons)
9. Cote d'Ivoire (0.9 tons)
10. Morocco (0.8 tons)
11. Czech Republic (0.7 tons)
12. Netherlands (0.6 tons)
13. Mauritania (0.5 tons)

Source: IndexBox Market Intelligence Platform