Report Update Nov 1, 2024

Iran - Direction Finding Compasses - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in Iran

The Iranian direction finding compass market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, faced a dramatic contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Direction Finding Compass Exports

Exports from Iran

After two years of growth, shipments abroad of direction finding compasses decreased by -33.3% to X units in 2021. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 100% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, direction finding compass exports soared to $X in 2021. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for direction finding compass exports from Iran, accounting for a approx. 50% share of total exports.

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

In value terms, the largest markets for direction finding compass exported from Iran were the Netherlands ($X) and Canada ($X).

In terms of the main countries of destination, Canada, with a CAGR of +16.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average direction finding compass export price amounted to $X per unit, picking up by 45% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 310% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+58.9%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Iran

In 2021, overseas purchases of direction finding compasses were finally on the rise to reach X units after three years of decline. Overall, imports, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2017 with an increase of 483%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, direction finding compass imports surged to $X in 2021. Over the period under review, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 261% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X units) constituted the largest direction finding compass supplier to Iran, with a 56% share of total imports. Moreover, direction finding compass imports from India exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fourfold. China (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-5.1% per year) and China (-36.0% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of direction finding compasses to Iran, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 9.8% share of total imports. It was followed by India, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hong Kong SAR stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-34.2% per year) and India (-3.4% per year).

Import Prices by Country

The average direction finding compass import price stood at $X per unit in 2021, which is down by -2.5% against the previous year. Over the period under review, the import price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2016 when the average import price increased by 397% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Hong Kong SAR ($X per unit), while the price for India ($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 United Arab Emirates (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for direction finding compasses in the world?

China remains the largest direction finding compass consuming country worldwide, comprising approx. 54% of total volume. Moreover, direction finding compass consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, ninefold. The United States ranked third in terms of total consumption with a 5.1% share.

What are the largest producers of direction finding compasses in the world?

China remains the largest direction finding compass producing country worldwide, accounting for 75% of total volume. Moreover, direction finding compass production in China exceeded the figures recorded by the second-largest producer, Norway, more than tenfold. The third position in this ranking was occupied by Taiwan Chinese), with a 5.2% share.

What are the leading suppliers of direction finding compasses to Iran?

In value terms, Hong Kong SAR, Sweden and Russia appeared to be the largest direction finding compass suppliers to Iran, with a combined 82% share of total imports.

What are the leading importers of direction finding compasses from Iran?

In value terms, the Netherlands $46) remains the key foreign market for direction finding compass exports from Iran.

What is the average export price for direction finding compasses in Iran?

The average direction finding compass export price stood at $1.1 per unit in 2021, growing by 4.4% against the previous year.

What is the average import price for direction finding compasses in Iran?

In 2021, the average direction finding compass import price amounted to $3.3 per unit, which is down by -18.2% against the previous year.

This report provides an in-depth analysis of the direction finding compass market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26511120 - Direction finding compasses (including magnetic, gyroscopic, b innacle and position finding)

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023