South Africa: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in South Africa

The South African direction finding compass market soared to $X in 2021, surging by 31% against the previous year. In general, consumption, however, faced a dramatic decrease. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Direction Finding Compass Production in South Africa

In value terms, direction finding compass production dropped to $X in 2021 estimated in export price. Overall, production saw a noticeable decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 7.1%. Direction finding compass production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Direction Finding Compass Exports

Exports from South Africa

In 2021, overseas shipments of direction finding compasses were finally on the rise to reach X units after three years of decline. Overall, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 524% against the previous year. 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 declined to $X in 2021. In general, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 589% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for direction finding compass exports from South Africa, accounting for a 63% share of total exports. Moreover, direction finding compass exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Zambia (X units), sevenfold. Namibia (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+30.5% per year) and Namibia (-8.0% per year).

In value terms, the largest markets for direction finding compass exported from South Africa were Ghana ($X), Democratic Republic of the Congo ($X) and Namibia ($X), with a combined 36% share of total exports.

Ghana, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average direction finding compass export price amounted to $X per unit, declining by -38.1% against the previous year. Over the period under review, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 102% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 Botswana (+31.6%), while the prices for the other major destinations experienced mixed trend patterns.

Direction Finding Compass Imports

Imports into South Africa

In 2021, approx. X units of direction finding compasses were imported into South Africa; with an increase of 52% on 2020. Overall, imports, however, saw a sharp slump. The pace of growth appeared the most rapid in 2014 when imports increased by 137% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, direction finding compass imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a deep reduction. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X units), the United States (X units) and Germany (X units) were the main suppliers of direction finding compass imports to South Africa, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +40.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of direction finding compasses to South Africa, comprising 67% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Germany, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.5% per year) and Germany (-11.4% per year).

Import Prices by Country

In 2021, the average direction finding compass import price amounted to $X per unit, rising by 59% against the previous year. Over the period under review, the import price recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 768%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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 Italy ($X per unit), while the price for Australia ($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 Arab Emirates (+405.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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