Norway: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Norway

After two years of growth, the Norwegian direction finding compass market decreased by -4.4% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt descent. Direction finding compass consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Direction Finding Compass Exports

Exports from Norway

After two years of decline, overseas shipments of direction finding compasses increased by 181% to X units in 2021. Overall, exports, however, saw a pronounced setback. The growth pace was the most rapid in 2015 when exports increased by 246%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, direction finding compass exports soared to $X in 2021. In general, exports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2019 when exports increased by 114% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units), China (X units) and Bangladesh (X units) were the main destinations of direction finding compass exports from Norway, together accounting for 45% of total exports. These countries were followed by Australia, the UK, Germany, the Netherlands, Angola, the United States, Sweden, Peru, Turkey and France, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +369.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for direction finding compass exported from Norway were Canada ($X), Australia ($X) and the UK ($X), with a combined 48% share of total exports. These countries were followed by France, China, the United States, the Netherlands, Bangladesh, Germany, Sweden, Peru, Angola and Turkey, which together accounted for a further 37%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +87.4%, saw the highest growth rate of the value of exports, 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, reducing by -47.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 356% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Bangladesh ($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 Australia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Norway

In 2021, overseas purchases of direction finding compasses increased by 32% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by 190%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, direction finding compass imports skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible decline. The growth pace was the most rapid in 2015 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X units), China (X units) and Germany (X units) were the main suppliers of direction finding compass imports to Norway, with a combined 68% share of total imports. France, Japan, the United States, the Netherlands and Finland lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +18.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and the United States ($X) appeared to be the largest direction finding compass suppliers to Norway, together comprising 72% of total imports. These countries were followed by China, Japan, Germany, the Netherlands and Finland, which together accounted for a further 23%.

In terms of the main suppliers, Japan, with a CAGR of +22.0%, saw 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

The average direction finding compass import price stood at $X per unit in 2021, with an increase of 9.9% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, direction finding compass import price increased by +123.3% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 33%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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 France ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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