South-Eastern Asia: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in the Southeast Asian direction finding compass market, when its value decreased by -20.9% to $X. In general, consumption, however, posted a strong expansion. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Direction Finding Compass Production in South-Eastern Asia

In value terms, direction finding compass production declined slightly to $X in 2021 estimated in export price. Over the period under review, production saw a deep slump. The growth pace was the most rapid in 2015 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Direction Finding Compass Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of direction finding compasses increased by 15% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 23%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, direction finding compass exports soared to $X in 2021. In general, exports recorded a measured increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore dominates exports structure, accounting for X units, which was near 76% of total exports in 2021. Indonesia (X units) ranks second in terms of the total exports with a 9.8% share, followed by Thailand (6.1%) and Vietnam (4.7%). Malaysia (X units) followed a long way behind the leaders.

Exports from Singapore decreased at an average annual rate of -9.5% from 2012 to 2021. At the same time, Thailand (+29.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +29.7% from 2012-2021. Vietnam experienced a relatively flat trend pattern. By contrast, Indonesia (-2.4%) and Malaysia (-6.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, Indonesia and Vietnam increased by +5.8, +4 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest direction finding compass supplier in South-Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Thailand ($X), with a 2.2% share of total exports. It was followed by Indonesia, with a 2% share.

In Singapore, direction finding compass exports increased at an average annual rate of +5.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+30.4% per year) and Indonesia (-15.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, jumping by 47% against the previous year. Overall, the export price saw a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+17.0%), while the other leaders experienced mixed trends in the export price figures.

Direction Finding Compass Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of direction finding compasses decreased by -5.6% to X units for the first time since 2018, thus ending a two-year rising trend. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.7% against 2015 indices. The pace of growth was the most pronounced in 2019 with an increase of 32%. Over the period under review, imports hit record highs at X units in 2020, and then reduced in the following year.

In value terms, direction finding compass imports skyrocketed to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 30%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Indonesia (X units) was the major importer of direction finding compasses, making up 55% of total imports. Singapore (X units) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (14%) and Vietnam (4.8%). Malaysia (X units) and the Philippines (X units) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of +4.7% from 2012 to 2021. At the same time, Thailand (+25.1%), Vietnam (+7.2%), the Philippines (+5.5%) and Malaysia (+2.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +25.1% from 2012-2021. Singapore experienced a relatively flat trend pattern. From 2012 to 2021, the share of Thailand increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported direction finding compasses in South-Eastern Asia, comprising 50% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 18% share of total imports. It was followed by Malaysia, with a 15% share.

In Singapore, direction finding compass imports increased at an average annual rate of +3.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+13.0% per year) and Malaysia (+5.4% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, rising by 35% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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