Hong Kong SAR, China: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in Hong Kong SAR, China

The Hong Kong direction finding compass market soared to $X in 2022, rising by X% against the previous year. Overall, consumption showed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Direction Finding Compass Production in Hong Kong SAR, China

In value terms, direction finding compass production totaled $X in 2022 estimated in export price. Over the period under review, production showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Direction finding compass production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Direction Finding Compass Exports

Exports from Hong Kong SAR, China

Direction finding compass exports from Hong Kong SAR shrank remarkably to X units in 2022, reducing by X% compared with the year before. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, direction finding compass exports dropped dramatically to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), China (X units) and the UK (X units) were the main destinations of direction finding compass exports from Hong Kong SAR, with a combined X% share of total exports. Canada, the Netherlands, Myanmar, Japan, Australia, France, Mexico, Russia and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for direction finding compasses exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Myanmar ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Japan (X% per year).

Export Prices by Country

The average direction finding compass export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the UK ($X 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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Hong Kong SAR, China

In 2022, imports of direction finding compasses into Hong Kong SAR shrank notably to X units, falling by X% on 2021. Over the period under review, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, direction finding compass imports contracted modestly to $X in 2022. Overall, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Finland (X units), Japan (X units) and China (X units) were the main suppliers of direction finding compass imports to Hong Kong SAR, with a combined X% share of total imports. Australia, the United States, Indonesia and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of direction finding compasses to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Australia (X% per year).

Import Prices by Country

The average direction finding compass import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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