Report Update Nov 1, 2024

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

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Luxembourg: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in Luxembourg

In 2021, the Luxembourg direction finding compass market decreased by -2.9% to $X, falling for the third year in a row after four years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Direction finding compass consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Direction Finding Compass Exports

Exports from Luxembourg

In 2021, approx. X units of direction finding compasses were exported from Luxembourg; declining by -93.3% compared with the year before. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of 4,691% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, direction finding compass exports reduced sharply to $X in 2021. In general, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 1,185%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for direction finding compass exports from Luxembourg, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at -66.7%.

In value terms, Belgium ($X) remains the key foreign market for direction finding compasses exports from Luxembourg, comprising 81% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to -36.3%.

Export Prices by Country

The average direction finding compass export price stood at $X per unit in 2021, declining by -55.8% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of 458%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.7%), while the prices for the other major destinations experienced a decline.

Direction Finding Compass Imports

Imports into Luxembourg

After two years of decline, overseas purchases of direction finding compasses increased by 25% to X units in 2021. In general, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 94%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, direction finding compass imports declined markedly to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 182% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of direction finding compass to Luxembourg, accounting for a 68% share of total imports. Moreover, direction finding compass imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), sixfold. France (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.4% per year) and France (-4.0% per year).

In value terms, China ($X), the United States ($X) and Belgium ($X) were the largest direction finding compass suppliers to Luxembourg, with a combined 64% share of total imports. These countries were followed by Germany, France and the Netherlands, which together accounted for a further 26%.

The Netherlands, with a CAGR of +37.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average direction finding compass import price stood at $X per unit in 2021, waning by -55.6% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 99%. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then shrank markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+44.9%), 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 third position in this ranking was occupied by the United States, with a 5.1% share.

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

The country with the largest volume of direction finding compass production was China, 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. Taiwan Chinese) ranked third in terms of total production with a 5.2% share.

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

In value terms, China, the United States and Belgium were the largest direction finding compass suppliers to Luxembourg, together accounting for 64% of total imports. These countries were followed by Germany, France, Poland and the Netherlands, which together accounted for a further 30%.

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

In value terms, Belgium $48) remains the key foreign market for direction finding compass exports from Luxembourg, comprising 94% of total exports. The second position in the ranking was occupied by the Netherlands $3), with a 5.9% share of total exports.

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

In 2021, the average direction finding compass export price amounted to $2.3 per unit, reducing by -6.7% against the previous year.

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

In 2021, the average direction finding compass import price amounted to $3 per unit, declining by -52.4% against the previous year.

This report provides an in-depth analysis of the direction finding compass market in Luxembourg. 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:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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
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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