Romania: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Romania

The Romanian direction finding compass market fell remarkably to $X in 2021, which is down by -59.4% 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 abrupt decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Direction Finding Compass Exports

Exports from Romania

After two years of growth, shipments abroad of direction finding compasses decreased by -57.8% to X units in 2021. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 2,012%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, direction finding compass exports contracted remarkably to $X in 2021. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 1,156% against the previous year. 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

Bulgaria (X units) was the main destination for direction finding compass exports from Romania, accounting for a 72% share of total exports. Moreover, direction finding compass exports to Bulgaria exceeded the volume sent to the second major destination, Greece (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria totaled +65.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-26.5% per year) and Germany (-29.9% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for direction finding compasses exports from Romania, comprising 62% of total exports. The second position in the ranking was taken by Greece ($X), with a 22% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria stood at +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-2.7% per year) and Germany (-32.5% per year).

Export Prices by Country

The average direction finding compass export price stood at $X per unit in 2021, jumping by 23% against the previous year. In general, the export price, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2020 an increase of 36%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bulgaria ($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 Greece (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Romania

Direction finding compass imports into Romania declined notably to X units in 2021, which is down by -51.8% on the year before. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 224% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, direction finding compass imports contracted markedly to $X in 2021. In general, imports saw a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by 406%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest direction finding compass supplier to Romania, with a 37% share of total imports. Moreover, direction finding compass imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Hungary (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-21.7% per year) and Hungary (-13.6% per year).

In value terms, the Netherlands ($X), Hungary ($X) and Spain ($X) were the largest direction finding compass suppliers to Romania, together accounting for 53% of total imports.

Among the main suppliers, Spain, with a CAGR of +47.7%, 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, falling by -26.6% against the previous year. Overall, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 115% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then reduced remarkably in the following year.

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 the Netherlands (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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