Report Update: Apr 1, 2024

Thailand - Direction Finding Compasses - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Direction Finding Compass Price in Thailand - 2023

Direction Finding Compass Price in Thailand (CIF) - 2022

The average direction finding compass import price stood at $4.7 per unit in 2022, with a decrease of -3.9% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 156%. The import price peaked at $9.1 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($27 per unit), while the price for India ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Direction Finding Compass Price in Thailand (FOB) - 2022

In 2022, the average direction finding compass export price amounted to $627 per unit, jumping by 193% against the previous year. In general, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 412%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($23,109 per unit), while the average price for exports to China ($130 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2,781.9%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports in Thailand

In 2022, approx. 106K units of direction finding compasses were imported into Thailand; which is down by -38.5% on the previous year. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 35%. As a result, imports reached the peak of 172K units, and then dropped remarkably in the following year.

In value terms, direction finding compass imports dropped notably to $498K in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 41%. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Direction Finding Compass in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	49.8	170	83.8	214	62.6%
United States	452	354	113	73.3	-45.5%
Japan	88.8	79.8	63.7	49.3	-17.8%
China	38.6	37.0	23.8	25.4	-13.0%
Denmark	N/A	416	N/A	21.5	-77.3%
Finland	20.2	24.0	42.8	17.0	-5.6%
Taiwan (Chinese)	26.2	11.1	25.0	16.6	-14.1%
India	1.0	0.1	4.4	12.0	128.9%
Italy	49.2	6.6	3.4	6.4	-49.3%
France	9.4	8.9	454	1.2	-49.6%
Netherlands	54.0	0.5	0.2	0.4	-80.5%
Others	36.1	54.0	29.3	61.0	19.1%
Total	826	1,162	843	498	-15.5%

Top Suppliers of Direction Finding Compass to Thailand in 2022:

India (39.2K units)
United States (12.5K units)
Japan (11.4K units)
Italy (9.4K units)
Germany (8.0K units)
Finland (7.3K units)
China (5.7K units)
Taiwan (Chinese) (3.7K units)
Denmark (0.8K units)
France (0.3K units)
Netherlands (0.1K units)

Direction Finding Compass Exports in Thailand

For the third year in a row, Thailand recorded decline in overseas shipments of direction finding compasses, which decreased by -72.5% to 371 units in 2022. In general, exports continue to indicate a significant decrease. The smallest decline of -6.5% was in 2021. The exports peaked at 1.8K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, direction finding compass exports reduced remarkably to $233K in 2022. Overall, exports saw a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of $289K, and then reduced sharply in the following year.

Export of Direction Finding Compass in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	17.3	2.9	7.4	178	117.5%
Myanmar	N/A	172	29.4	23.1	-63.4%
United Kingdom	0.5	N/A	N/A	14.5	207.2%
Malaysia	60.4	11.3	36.6	8.1	-48.8%
China	N/A	N/A	N/A	4.7	0%
Hong Kong SAR	23.1	0.9	14.6	4.4	-42.5%
Lao People's Democratic Republic	20.6	3.4	6.6	0.4	-73.1%
Denmark	4.8	N/A	N/A	N/A	0%
Russia	1.3	N/A	N/A	N/A	0%
Vietnam	2.8	0.3	0.3	N/A	-67.3%
United Arab Emirates	6.0	N/A	N/A	N/A	0%
Maldives	N/A	N/A	8.9	N/A	0%
United States	88.5	N/A	185	N/A	44.6%
Others	16.0	9.7	0.3	N/A	-86.3%
Total	241	200	289	233	-1.1%

Top Export Markets for Direction Finding Compass from Thailand in 2022:

Singapore (288.0 units)
China (36.0 units)
Hong Kong SAR (17.0 units)
United Kingdom (15.0 units)
Malaysia (8.0 units)
Lao People's Democratic Republic (4.0 units)
United States (1.0 units)
Myanmar (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the direction finding compass market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26511120 - Direction finding compasses (including magnetic, gyroscopic, b innacle and position finding)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023