Central Asia: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in Central Asia

The Central Asian direction finding compass market skyrocketed to $X in 2021, jumping by 669% against the previous year. In general, consumption saw a strong increase. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Direction Finding Compass Production in Central Asia

In value terms, direction finding compass production amounted to $X in 2021 estimated in export price. Overall, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 14%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Direction Finding Compass Exports

Exports in Central Asia

In 2021, exports of direction finding compasses in Central Asia skyrocketed to X units, surging by 77% against the previous year's figure. Over the period under review, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2014 with an increase of 1,927%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, direction finding compass exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 2,080%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan was the main exporter of direction finding compasses in Central Asia, with the volume of exports amounting to X units, which was near 86% of total exports in 2021. It was distantly followed by Uzbekistan (X units), comprising a 12% share of total exports.

Kazakhstan was also the fastest-growing in terms of the direction finding compasses exports, with a CAGR of -11.8% from 2012 to 2021. Uzbekistan (-33.3%) illustrated a downward trend over the same period. While the share of Uzbekistan (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-12.4 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest direction finding compass supplier in Central Asia, comprising 82% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 15% share of total exports.

In Kazakhstan, direction finding compass exports shrank by an average annual rate of -7.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, falling by -27.9% against the previous year. In general, the export price, however, saw perceptible growth. The most prominent rate of growth was recorded in 2019 an increase of 175%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+9.2%).

Direction Finding Compass Imports

Imports in Central Asia

In 2021, purchases abroad of direction finding compasses increased by 1,187% to X units for the first time since 2014, thus ending a six-year declining trend. Overall, imports recorded buoyant growth. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, direction finding compass imports skyrocketed to $X in 2021. In general, imports, however, showed a perceptible setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkmenistan represented the largest importing country with an import of around X units, which amounted to 83% of total imports. It was distantly followed by Kazakhstan (X units), making up a 15% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to direction finding compass imports into Turkmenistan stood at +9.1%. At the same time, Kazakhstan (+13.8%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +13.8% from 2012-2021. From 2012 to 2021, the share of Turkmenistan and Kazakhstan increased by +6.1 and +5.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkmenistan ($X) constitutes the largest market for imported direction finding compasses in Central Asia, comprising 81% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total imports.

In Turkmenistan, direction finding compass imports plunged by an average annual rate of -3.4% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, declining by -52.1% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the import price increased by 95%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkmenistan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-11.5%).

Source: IndexBox Platform

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