Croatia: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in Croatia

The Croatian direction finding compass market dropped rapidly to $X in 2021, waning by -63.5% 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). Overall, consumption recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Direction Finding Compass Exports

Exports from Croatia

In 2021, direction finding compass exports from Croatia skyrocketed to X units, increasing by 1,602% on the previous year. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, direction finding compass exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X units) was the main destination for direction finding compass exports from Croatia, with a 95% share of total exports. It was followed by Germany (X units), with a 1.9% share of total exports. The third position in this ranking was taken by the Czech Republic (X units), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia stood at +84.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+55.1% per year) and the Czech Republic (0.0% per year).

In value terms, Slovenia ($X) remains the key foreign market for direction finding compasses exports from Croatia, comprising 85% of total exports. The second position in the ranking was held by Germany ($X), with a 2.6% share of total exports. It was followed by the Czech Republic, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia stood at +79.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+57.3% per year) and the Czech Republic (0.0% per year).

Export Prices by Country

In 2021, the average direction finding compass export price amounted to $X per unit, with a decrease of -55.5% against the previous year. Over the period under review, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 241% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to the Czech Republic ($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 Germany (-1.3%), while the prices for the other major destinations experienced a decline.

Direction Finding Compass Imports

Imports into Croatia

In 2021, purchases abroad of direction finding compasses increased by 71% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports recorded a modest expansion. The pace of growth was the most pronounced in 2017 when imports increased by 132%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, direction finding compass imports skyrocketed to $X in 2021. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 153%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and Belgium (X units) were the main suppliers of direction finding compass imports to Croatia, together accounting for 64% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +72.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest direction finding compass suppliers to Croatia were Sweden ($X), France ($X) and Italy ($X), together accounting for 68% of total imports.

Sweden, with a CAGR of +57.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average direction finding compass import price stood at $X per unit in 2021, surging by 8.6% against the previous year. Over the period under review, the import price posted a prominent expansion. The growth pace was the most rapid in 2016 an increase of 69%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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