Marine GPS Navigator Market in Bangladesh
In value terms, marine GPS navigator production fell modestly to $ in estimated in export price. In general, production, however, saw perceptible growth. The pace of growth was the most pronounced in 2018 when the production volume increased by %. As a result, production reached the peak level of $. From 2019 to , production growth failed to regain momentum.
The size of the marine GPS navigator market in Bangladesh fell slightly to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. Over the period under review, the market attained the peak level at $ in , and then shrank in the following year.