Eastern Asia: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Eastern Asia

After two years of growth, the East Asian direction finding compass market decreased by -23.1% to $X in 2021. In general, consumption, however, continues to indicate a mild expansion. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Direction Finding Compass Production in Eastern Asia

In value terms, direction finding compass production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 290% against the previous year. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Direction Finding Compass Exports

Exports in Eastern Asia

Direction finding compass exports surged to X units in 2021, picking up by 17% on 2020. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 129% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, direction finding compass exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporter of direction finding compasses in Eastern Asia, with the volume of exports reaching X units, which was approx. 69% of total exports in 2021. It was distantly followed by Japan (X units) and Taiwan (Chinese) (X units), together creating a 29% share of total exports. Hong Kong SAR (X units) held a minor share of total exports.

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 +61 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, with a combined 90% share of total exports.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of +20.6%, saw the highest growth rate of 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 Eastern Asia amounted to $X per unit, falling by -2.3% against the previous year. In general, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 when the export price increased by 26%. As a result, the export price reached the peak level of $X per unit. 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 Eastern Asia

In 2021, approx. X units of direction finding compasses were imported in Eastern Asia; with a decrease of -13.5% against 2020 figures. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, direction finding compass imports declined slightly to $X in 2021. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 21%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) represented the largest importer of direction finding compasses, achieving 53% of total imports. South Korea (X units) held a 34% share (based on physical terms) of total imports, which put it in second place, followed by Japan (5.6%) and Hong Kong SAR (4.6%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +1.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 93% of total imports.

Among the main importing countries, China, with a CAGR of -4.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2013 an increase of 15% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per unit) and South Korea ($X per unit), while Hong Kong SAR ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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