Turkey: Direction Finding Compass Market 2025

Direction Finding Compass Market Size in Turkey

In 2021, the Turkish direction finding compass market decreased by -4% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Direction Finding Compass Exports

Exports from Turkey

In 2021, the amount of direction finding compasses exported from Turkey surged to X units, growing by 337% compared with the previous year. Overall, exports saw a resilient expansion. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, direction finding compass exports soared to $X in 2021. Over the period under review, exports saw perceptible growth. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for direction finding compass exports from Turkey, with a 60% share of total exports. Moreover, direction finding compass exports to the United States exceeded the volume sent to the second major destination, Norway (X units), sixfold. France (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +53.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+46.5% per year) and France (+6.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for direction finding compasses exports from Turkey, comprising 69% of total exports. The second position in the ranking was held by Norway ($X), with an 8.9% share of total exports. It was followed by France, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +55.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+44.5% per year) and France (+9.0% per year).

Export Prices by Country

In 2021, the average direction finding compass export price amounted to $X per unit, declining by -14.9% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 88%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 Finland ($X per unit), while the average price for exports to Algeria ($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 Finland (+81.3%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Turkey

In 2021, approx. X units of direction finding compasses were imported into Turkey; increasing by 22% compared with 2020 figures. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 161% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, direction finding compass imports expanded rapidly to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +91.0% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 55%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X units), Switzerland (X units) and Germany (X units) were the main suppliers of direction finding compass imports to Turkey, together accounting for 60% of total imports. Japan, France, India, the United States and the UK lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +42.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest direction finding compass suppliers to Turkey were Switzerland ($X), the United States ($X) and France ($X), with a combined 64% share of total imports.

France, with a CAGR of +47.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average direction finding compass import price stood at $X per unit in 2021, waning by -10.5% against the previous year. Overall, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 216%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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