Puerto Rico: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in Puerto Rico

The Puerto Rican direction finding compass market was estimated at less than $X in 2021, remaining constant 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 showed a relatively flat trend pattern.

Direction Finding Compass Exports

Exports from Puerto Rico

Direction finding compass exports from Puerto Rico was estimated at less than X units in 2021, standing approx. at the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, direction finding compass exports totaled less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

China was the main exporting country with an export of about X units, which resulted at 38% of total exports. Japan (X units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (8.9%), Germany (7%), France (6.3%), Taiwan (Chinese) (4.7%) and Finland (1.2%). The following exporters - the UK (X units), Italy (X units), the United States (X units), Spain (X units), Sweden (X units) and Canada (X units) - together made up 12% of total exports.

China was also the fastest-growing in terms of the direction finding compasses exports, with a CAGR of +41.3% from 2012 to 2021. At the same time, Canada (+12.4%), France (+7.1%), Italy (+6.9%) and the Netherlands (+3.4%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-1.7%), Sweden (-3.9%), Germany (-9.2%), Finland (-21.9%), the UK (-23.3%), the United States (-26.2%) and Spain (-32.8%) illustrated a downward trend over the same period. While the share of China (+37 p.p.), the Netherlands (+5.6 p.p.), Japan (+4.6 p.p.), France (+4.6 p.p.), Taiwan (Chinese) (+2.4 p.p.) and Italy (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Finland (-4.4 p.p.), the UK (-11.8 p.p.), the United States (-14 p.p.) and Spain (-29.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest direction finding compass supplying countries from Puerto Rico were the United States ($X), Germany ($X) and France ($X), with a combined 33% share of total exports. The Netherlands, Japan, the UK, China, Finland, Canada, Italy, Taiwan (Chinese), Sweden and Spain lagged somewhat behind, together accounting for a further 45%.

Italy, with a CAGR of +26.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, almost unchanged from the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+62.6%), while the other leaders experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Puerto Rico

In 2021, approx. less than X units of direction finding compasses were imported into Puerto Rico; remaining relatively unchanged against 2020. In general, imports saw a relatively flat trend pattern.

In value terms, direction finding compass imports stood at less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), followed by Indonesia (X units), the Netherlands (X units), China (X units), Russia (X units) and South Korea (X units) were the key importers of direction finding compasses, together generating 47% of total imports. El Salvador (X units), Canada (X units), Singapore (X units), Sweden (X units), the UK (X units), France (X units) and Thailand (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by El Salvador (with a CAGR of +42.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported direction finding compasses into Puerto Rico, comprising 19% of global imports. The second position in the ranking was held by the Netherlands ($X), with an 8.9% share of global imports. It was followed by China, with an 8% share.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+3.4% per year) and China (-4.0% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, stabilizing at the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per thousand units), while El Salvador ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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