Argentina: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Argentina

The Argentinian direction finding compass market surged to $X in 2021, jumping by 33% 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). In general, consumption, however, saw a perceptible descent. Direction finding compass consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Direction Finding Compass Exports

Exports from Argentina

In 2021, after two years of growth, there was significant decline in overseas shipments of direction finding compasses, when their volume decreased by -61.6% to X units. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 1,100%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, direction finding compass exports soared to $X in 2021. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 1,670%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for direction finding compass exports from Argentina, accounting for a 47% share of total exports. Moreover, direction finding compass exports to Chile exceeded the volume sent to the second major destination, Uruguay (X units), threefold. The third position in this ranking was held by Peru (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Chile stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-27.6% per year) and Peru (0.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for direction finding compasses exports from Argentina, comprising 84% of total exports. The second position in the ranking was held by Uruguay ($X), with a 5.5% share of total exports. It was followed by Peru, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-32.2% per year) and Peru (-5.1% per year).

Export Prices by Country

The average direction finding compass export price stood at $X per unit in 2021, picking up by 210% against the previous year. Overall, the export price showed a buoyant increase. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Direction Finding Compass Imports

Imports into Argentina

In 2021, the amount of direction finding compasses imported into Argentina stood at X units, growing by 5.4% against 2020. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 55% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, direction finding compass imports surged to $X in 2021. Overall, imports saw a mild increase. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of direction finding compass to Argentina, accounting for a 77% share of total imports. Moreover, direction finding compass imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Japan (X units), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.1% per year) and Japan (+3.2% per year).

In value terms, China ($X) constituted the largest supplier of direction finding compasses to Argentina, comprising 29% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.8% per year) and the United States (-13.9% per year).

Import Prices by Country

In 2021, the average direction finding compass import price amounted to $X per unit, surging by 46% against the previous year. In general, the import price showed prominent growth. The growth pace was the most rapid in 2018 an increase of 134%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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