Eastern Asia: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in Eastern Asia

The East Asian direction finding compass market was estimated at $X in 2022, growing by X% against the previous year. Overall, consumption saw a buoyant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Direction Finding Compass Production in Eastern Asia

In value terms, direction finding compass production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Direction Finding Compass Exports

Exports in Eastern Asia

In 2022, approx. X units of direction finding compasses were exported in Eastern Asia; picking up by X% on 2021. Overall, exports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, direction finding compass exports stood at $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) was the major exporter of direction finding compasses, generating X% of total exports. It was distantly followed by Japan (X units) and Taiwan (Chinese) (X units), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to direction finding compass exports from China stood at X%. Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. Japan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest direction finding compass supplying countries in Eastern Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, showed a slight expansion. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Direction Finding Compass Imports

Imports in Eastern Asia

In 2022, after three years of growth, there was significant decline in overseas purchases of direction finding compasses, when their volume decreased by X% to X units. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2021, and then shrank in the following year.

In value terms, direction finding compass imports reduced to $X in 2022. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China represented the largest importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by South Korea (X units), Japan (X units) and Taiwan (Chinese) (X units), together constituting a X% share of total imports.

China was also the fastest-growing in terms of the direction finding compasses imports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest direction finding compass importing markets in Eastern Asia were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :