Eastern Europe: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in Eastern Europe

The East European direction finding compass market rose rapidly to $X.9B in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate resilient growth. The level of consumption peaked at $X.8B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Direction Finding Compass Production in Eastern Europe

In value terms, direction finding compass production expanded sharply to $X.4B in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X.2B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Direction Finding Compass Exports

Exports in Eastern Europe

After three years of growth, overseas shipments of direction finding compasses decreased by X% to X units in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked at X units in 2021, and then dropped rapidly in the following year.

In value terms, direction finding compass exports contracted sharply to $X in 2022. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Poland (X units) represented the main exporter of direction finding compasses, committing X% of total exports. The Czech Republic (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Latvia (X%). Estonia (X units), Lithuania (X units), Slovakia (X units) and Belarus (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to direction finding compass exports from Poland stood at X%. At the same time, Latvia (X%), Lithuania (X%), Estonia (X%), Belarus (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Slovakia (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Latvia (X p.p.), the Czech Republic (X p.p.), Estonia (X p.p.) and Lithuania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Slovakia (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 supplying countries in Eastern Europe were Poland ($X), Latvia ($X) and Belarus ($X), with a combined X% share of total exports.

Latvia, with a CAGR of X%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, declining by X% against the previous year. In general, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

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 Belarus ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced more modest paces of growth.

Direction Finding Compass Imports

Imports in Eastern Europe

In 2022, purchases abroad of direction finding compasses increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, direction finding compass imports contracted markedly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X units) and Belarus (X units) represented roughly X% of total imports in 2022. The Czech Republic (X units) held the next position in the ranking, followed by Ukraine (X units). All these countries together held near X% share of total imports. The following importers - Russia (X units) and Latvia (X units) - each amounted to a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest direction finding compass importing markets in Eastern Europe were Russia ($X), Ukraine ($X) and Latvia ($X), together comprising X% of total imports.

Among the main importing countries, Latvia, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in Eastern Europe amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2018 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 Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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