Dominican Republic: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in the Dominican Republic

The Dominican direction finding compass market was estimated at $X in 2021, surging by 3.5% 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). Over the period under review, consumption saw a prominent increase. Direction finding compass consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Direction Finding Compass Exports

Exports from the Dominican Republic

In 2021, exports of direction finding compasses from the Dominican Republic shrank sharply to X units, falling by -66.7% against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 300% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, direction finding compass exports shrank remarkably to $X in 2021. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 299%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for direction finding compass exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for direction finding compasses exports from the Dominican Republic, comprising 44% of total exports. The second position in the ranking was held by the United States ($X), with a 9.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to -7.3%.

Export Prices by Country

In 2021, the average direction finding compass export price amounted to $X per unit, growing by 164% against the previous year. Overall, the export price, however, continues to indicate a dramatic decline. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+448.3%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into the Dominican Republic

Direction finding compass imports into the Dominican Republic rose to X units in 2021, surging by 2.8% against 2020. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 685% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, direction finding compass imports expanded to $X in 2021. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 2,036% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest direction finding compass supplier to the Dominican Republic, accounting for a 79% 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), sixfold. The third position in this ranking was taken by the UK (X units), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +85.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.3% per year) and the UK (+22.0% per year).

In value terms, the largest direction finding compass suppliers to the Dominican Republic were the United States ($X), China ($X) and the UK ($X), with a combined 43% share of total imports. These countries were followed by Germany, Italy and Mexico, which together accounted for a further 3.2%.

Germany, with a CAGR of +47.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average direction finding compass import price amounted to $X per unit, approximately mirroring the previous year. In general, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 172% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a 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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+49.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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