Hungary: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Hungary

In 2021, the Hungarian direction finding compass market decreased by 0% to less than $X, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Direction finding compass consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Direction Finding Compass Production in Hungary

In value terms, direction finding compass production shrank dramatically to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 67% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Direction Finding Compass Exports

Exports from Hungary

In 2019, approx. X units of direction finding compasses were exported from Hungary; waning by -30.5% on 2018. Over the period under review, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2013 when exports increased by 284% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2019, the exports stood at a somewhat lower figure.

In value terms, direction finding compass exports fell rapidly to $X in 2019. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 297% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Croatia (X units) and Australia (X units) were the main destinations of direction finding compass exports from Hungary, with a combined 65% share of total exports. These countries were followed by French Polynesia, New Zealand, Slovenia, France, Romania and the Netherlands, which together accounted for a further 25%.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by French Polynesia (with a CAGR of +104.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for direction finding compass exported from Hungary were the United States ($X), Australia ($X) and New Zealand ($X), with a combined 64% share of total exports. Croatia, France, Slovenia, the Netherlands, French Polynesia and Romania lagged somewhat behind, together comprising a further 12%.

French Polynesia, with a CAGR of +79.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average direction finding compass export price amounted to $X per unit, jumping by 17% against the previous year. Over the period under review, the export price recorded a prominent increase. The growth pace was the most rapid in 2016 when the average export price increased by 69% against the previous year. The export price peaked in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to French Polynesia ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Hungary

In 2019, approx. X units of direction finding compasses were imported into Hungary; waning by -19.4% against the previous year's figure. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2019, the growth of imports remained at a lower figure.

In value terms, direction finding compass imports surged to $X in 2019. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 106%. Imports peaked in 2019 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main suppliers of direction finding compass imports to Hungary, together accounting for 48% of total imports. These countries were followed by China, Spain, the United States, Slovenia, Sweden, Austria and Poland, which together accounted for a further 42%.

From 2012 to 2019, the biggest increases were recorded for Slovenia (with a CAGR of +77.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of direction finding compasses to Hungary, comprising 54% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2019, the average annual rate of growth in terms of value from the United States totaled +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+13.6% per year) and Germany (+12.1% per year).

Import Prices by Country

The average direction finding compass import price stood at $X per unit in 2019, increasing by 82% against the previous year. Overall, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 84%. The import price peaked in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the United States (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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