Spain: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Spain

The Spanish direction finding compass market contracted rapidly to $X in 2021, which is down by -32.4% 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). In general, consumption saw a abrupt contraction. 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 Exports

Exports from Spain

In 2021, overseas shipments of direction finding compasses increased by 68% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports, however, saw a precipitous shrinkage. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, direction finding compass exports skyrocketed to $X in 2021. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 123%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Switzerland (X units) and Italy (X units) were the main destinations of direction finding compass exports from Spain, with a combined 52% share of total exports. These countries were followed by Norway, Portugal, the UK, Poland, Belgium, Cuba, Saudi Arabia, Turkey and Germany, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +62.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for direction finding compass exported from Spain were France ($X), Switzerland ($X) and the UK ($X), with a combined 35% share of total exports. Italy, Norway, Poland, Cuba, Germany, Portugal, Saudi Arabia, Belgium and Turkey lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Turkey, with a CAGR of +87.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average direction finding compass export price amounted to $X per unit, surging by 16% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of 7,249%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Portugal ($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 Germany (+97.4%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Spain

In 2021, approx. X units of direction finding compasses were imported into Spain; jumping by 15% against the year before. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 92% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, direction finding compass imports soared to $X in 2021. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 123%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

France (X units), the UK (X units) and Taiwan (Chinese) (X units) were the main suppliers of direction finding compass imports to Spain, together comprising 67% of total imports. The Netherlands, Portugal, China, the United States, India and Italy lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +92.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest direction finding compass suppliers to Spain were France ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 53% share of total imports. These countries were followed by the UK, the Netherlands, China, Portugal, India and Italy, which together accounted for a further 31%.

Portugal, with a CAGR of +107.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average direction finding compass import price amounted to $X per unit, surging by 6.8% against the previous year. In general, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 105% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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