Asia: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Asia

In 2021, after two years of growth, there was significant decline in the Asian direction finding compass market, when its value decreased by -19.8% to $X. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.1% against 2018 indices. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Direction Finding Compass Production in Asia

In value terms, direction finding compass production plummeted to $X in 2021 estimated in export price. In general, production, however, posted a prominent increase. The growth pace was the most rapid in 2020 when the production volume increased by 281% against the previous year. As a result, production reached the peak level of $X, and then fell dramatically in the following year.

Direction Finding Compass Exports

Exports in Asia

For the third consecutive year, Asia recorded growth in overseas shipments of direction finding compasses, which increased by 17% to X units in 2021. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 121%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, direction finding compass exports surged to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat 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.

Exports by Country

In 2021, China (X units) represented the main exporter of direction finding compasses, constituting 66% of total exports. Japan (X units) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X units). All these countries together held approx. 28% share of total exports. Hong Kong SAR (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the direction finding compasses exports, with a CAGR of +41.3% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. Japan (-1.7%) and Hong Kong SAR (-9.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +59 percentage points.

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 65% of total exports.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of +20.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, increasing by 4.7% against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 22%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.1%), while the other leaders experienced mixed trends in the export price figures.

Direction Finding Compass Imports

Imports in Asia

In 2021, approx. X units of direction finding compasses were imported in Asia; declining by -9% compared with 2020. Overall, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 24%. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, direction finding compass imports rose significantly to $X in 2021. In general, imports showed a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of 14% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units) and China (X units) represented roughly 46% of total imports in 2021. South Korea (X units) ranks next in terms of the total imports with a 13% share, followed by Singapore (8.9%), Thailand (6.4%) and Turkey (5.6%). The United Arab Emirates (X units), Israel (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +25.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest direction finding compass importing markets in Asia were China ($X), South Korea ($X) and Singapore ($X), together comprising 58% of total imports. The United Arab Emirates, Turkey, Indonesia, Japan, Israel and Thailand lagged somewhat behind, together comprising a further 26%.

In terms of the main importing countries, Indonesia, with a CAGR of +13.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, with an increase of 18% against the previous year. Overall, the import price, however, recorded a slight curtailment. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :