Sweden: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Sweden

In 2021, the Swedish direction finding compass market decreased by -13.3% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, continues to indicate a resilient increase. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Direction Finding Compass Exports

Exports from Sweden

In 2021, approx. X units of direction finding compasses were exported from Sweden; surging by 6% compared with 2020. Over the period under review, exports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2019 when exports increased by 25% against the previous year. 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 skyrocketed to $X in 2021. Overall, exports, however, showed a pronounced reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units) was the main destination for direction finding compass exports from Sweden, with a 35% share of total exports. Moreover, direction finding compass exports to Norway exceeded the volume sent to the second major destination, the UK (X units), threefold. Germany (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Norway amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-14.3% per year) and Germany (+2.1% per year).

In value terms, the largest markets for direction finding compass exported from Sweden were Norway ($X), the UK ($X) and Germany ($X), together accounting for 59% of total exports. These countries were followed by France, Spain, Finland, Russia, Denmark, Poland, Canada, Japan and the Netherlands, which together accounted for a further 30%.

Canada, with a CAGR of +147.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, increasing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2014 an increase of 29% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

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 the UK ($X per unit), while the average price for exports to Denmark ($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 UK (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Sweden

In 2021, supplies from abroad of direction finding compasses decreased by -6.9% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 56%. Over the period under review, imports attained the maximum at X units in 2020, and then fell in the following year.

In value terms, direction finding compass imports reduced to $X in 2021. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 57%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest direction finding compass supplier to Sweden, with a 79% share of total imports. Moreover, direction finding compass imports from China exceeded the figures recorded by the second-largest supplier, Norway (X units), more than tenfold. Denmark (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +83.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+6.0% per year) and Denmark (+48.9% per year).

In value terms, China ($X), Denmark ($X) and Norway ($X) constituted the largest direction finding compass suppliers to Sweden, with a combined 91% share of total imports.

Among the main suppliers, Denmark, with a CAGR of +80.9%, saw the highest rates of growth with regard to 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

In 2021, the average direction finding compass import price amounted to $X per unit, approximately mirroring the previous year. Overall, the import price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2014 an increase of 87%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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