Ireland: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Ireland

The Irish direction finding compass market shrank significantly to $X in 2021, waning by -54.1% 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 continues to indicate a deep slump. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Direction Finding Compass Exports

Exports from Ireland

In 2021, overseas shipments of direction finding compasses increased by 513% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, direction finding compass exports skyrocketed to $X in 2021. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 1,374%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units), the UK (X units) and Switzerland (X units) were the main destinations of direction finding compass exports from Ireland, with a combined 96% share of total exports. Russia and the United States lagged somewhat behind, together comprising a further 2.2%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +200.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Switzerland ($X) and the UK ($X) were the largest markets for direction finding compass exported from Ireland worldwide, together accounting for 96% of total exports. These countries were followed by Russia and the United States, which together accounted for a further 3.2%.

Russia, with a CAGR of +174.4%, recorded the highest growth rate of the value of exports, among 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

The average direction finding compass export price stood at $X per unit in 2021, waning by -49.6% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 814% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Direction Finding Compass Imports

Imports into Ireland

In 2021, the amount of direction finding compasses imported into Ireland shrank to X units, reducing by -9.2% compared with the previous year's figure. Overall, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of 351%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, direction finding compass imports contracted to $X in 2021. In general, imports saw a slight reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 419%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the UK (X units) and France (X units) were the main suppliers of direction finding compass imports to Ireland, together comprising 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +91.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) constituted the largest supplier of direction finding compasses to Ireland, comprising 48% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by the United States, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.0% per year) and the United States (-3.2% per year).

Import Prices by Country

In 2021, the average direction finding compass import price amounted to $X per unit, which is down by -3.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 166% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+67.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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