Report Update Jan 1, 2025

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

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Saudi Arabia: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Saudi Arabia

After two years of decline, the Saudi direction finding compass market increased by 4.6% to $X in 2021. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Direction Finding Compass Production in Saudi Arabia

In value terms, direction finding compass production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 16%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Direction Finding Compass Exports

Exports from Saudi Arabia

In 2021, direction finding compass exports from Saudi Arabia surged to X units, picking up by 86% compared with 2020 figures. Over the period under review, exports, however, showed a mild decline. The growth pace was the most rapid in 2013 with an increase of 220%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, direction finding compass exports declined sharply to $X in 2021. Overall, exports posted temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of 566% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for direction finding compass exports from Saudi Arabia, accounting for a 77% share of total exports. Moreover, direction finding compass exports to the Netherlands exceeded the volume sent to the second major destination, South Africa (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (0.0% per year) and Austria (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for direction finding compasses exports from Saudi Arabia, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +103.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.8% per year) and the United Arab Emirates (-8.6% per year).

Export Prices by Country

The average direction finding compass export price stood at $X per unit in 2021, declining by -65.2% against the previous year. Overall, the export price, however, posted a tangible expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 200%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 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 the United States ($X per unit), while the average price for exports to Austria ($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 the Netherlands (+59.0%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Saudi Arabia

Direction finding compass imports into Saudi Arabia amounted to less than X units in 2021, almost unchanged from 2020 figures. Overall, imports saw a relatively flat trend pattern.

In value terms, direction finding compass imports amounted to less than $X in 2021. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 3.1% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for direction finding compasses in the world?

The country with the largest volume of direction finding compass consumption was China, accounting for 54% of total volume. Moreover, direction finding compass consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, ninefold. The United States ranked third in terms of total consumption with a 5.1% share.

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

China remains the largest direction finding compass producing country worldwide, 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. The third position in this ranking was occupied by Taiwan Chinese), with a 5.2% share.

What are the leading importers of direction finding compasses from Saudi Arabia?

In value terms, the United States, the UK and Germany appeared to be the largest markets for direction finding compass exported from Saudi Arabia worldwide, together comprising 91% of total exports.

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

The average direction finding compass export price stood at $268 per unit in 2021, growing by 343% against the previous year.

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

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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
Find deeper insights into current market developments
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024