Japan: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Japan

The Japanese direction finding compass market shrank dramatically to $X in 2021, declining by -30.9% against the previous year. In general, consumption recorded a slight contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Direction Finding Compass Production in Japan

In value terms, direction finding compass production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15% against the previous year. Direction finding compass production peaked at $X in 2020, and then fell in the following year.

Direction Finding Compass Exports

Exports from Japan

In 2021, the amount of direction finding compasses exported from Japan amounted to X units, remaining constant against the previous year's figure. Over the period under review, exports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, direction finding compass exports contracted slightly to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 34% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for direction finding compass exports from Japan, with a 41% share of total exports. Moreover, direction finding compass exports to China exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was taken by the United States (X units), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+2.5% per year) and the United States (+5.9% per year).

In value terms, China ($X), the Netherlands ($X) and the United States ($X) were the largest markets for direction finding compass exported from Japan worldwide, together comprising 61% of total exports. Singapore, Hong Kong SAR, South Korea, the United Arab Emirates, the Philippines, Russia, Turkey, Vietnam and Indonesia lagged somewhat behind, together accounting for a further 28%.

Russia, with a CAGR of +32.3%, saw the highest rates of growth with regard to 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

In 2021, the average direction finding compass export price amounted to $X per unit, waning by -3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. The export price peaked at $X per unit in 2020, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to China ($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 Indonesia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Japan

Direction finding compass imports into Japan fell sharply to X units in 2021, with a decrease of -66.7% on 2020 figures. Overall, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 175% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, direction finding compass imports shrank significantly to $X in 2021. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 24% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of direction finding compass to Japan, accounting for a 68% share of total imports. Moreover, direction finding compass imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+742.0% per year) and Taiwan (Chinese) (-9.3% per year).

In value terms, the largest direction finding compass suppliers to Japan were the United States ($X), China ($X) and Germany ($X), together comprising 65% of total imports. These countries were followed by the UK, France, Italy, Finland, the United Arab Emirates, Taiwan (Chinese) and India, which together accounted for a further 33%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +395.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average direction finding compass import price amounted to $X per unit, surging by 126% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 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 the United States ($X per unit), while the price for India ($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 States (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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