EU: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in the EU

The EU direction finding compass market declined rapidly to $X in 2021, reducing by -22.3% against the previous year. In general, consumption showed a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Direction Finding Compass Production in the EU

In value terms, direction finding compass production declined markedly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by 8.1%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Direction Finding Compass Exports

Exports in the EU

In 2021, overseas shipments of direction finding compasses increased by 19% to X units, rising for the third year in a row after six years of decline. In general, exports, however, faced a deep setback. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, direction finding compass exports surged to $X in 2021. Over the period under review, exports, however, saw a noticeable downturn. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Germany (X units) and France (X units) represented roughly 69% of total exports in 2021. It was distantly followed by Italy (X units), Spain (X units) and Sweden (X units), together achieving a 17% share of total exports. Finland (X units) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by France (with a CAGR of +7.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 61% share of total exports. These countries were followed by Finland, Italy, Sweden and Spain, which together accounted for a further 28%.

Italy, with a CAGR of +26.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, approximately reflecting the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +11.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, direction finding compass export price decreased by -0.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 171% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+62.6%), while the other leaders experienced more modest paces of growth.

Direction Finding Compass Imports

Imports in the EU

In 2021, purchases abroad of direction finding compasses was finally on the rise to reach X units after five years of decline. Over the period under review, imports, however, continue to indicate a pronounced contraction. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, direction finding compass imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands represented the major importer of direction finding compasses in the European Union, with the volume of imports recording X units, which was near 32% of total imports in 2021. Sweden (X units) held the second position in the ranking, followed by France (X units), Spain (X units), Germany (X units), Belgium (X units), Denmark (X units) and Poland (X units). All these countries together took near 51% share of total imports.

Imports into the Netherlands increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Sweden (+3.8%), Poland (+2.2%) and Belgium (+1.5%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the European Union, with a CAGR of +3.8% from 2012-2021. Denmark and Spain experienced a relatively flat trend pattern. By contrast, France (-11.5%) and Germany (-13.2%) illustrated a downward trend over the same period. The Netherlands (+13 p.p.), Sweden (+6.1 p.p.), Belgium (+2.3 p.p.), Spain (+2 p.p.) and Poland (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Germany and France saw its share reduced by -9.6% and -10.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported direction finding compasses in the European Union, comprising 33% of total imports. The second position in the ranking was held by France ($X), with a 10% share of total imports. It was followed by Germany, with a 10% share.

In the Netherlands, direction finding compass imports expanded at an average annual rate of +3.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+0.7% per year) and Germany (-7.4% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, with an increase of 3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2019 when the import price increased by 21% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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