MERCOSUR: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in MERCOSUR

The MERCOSUR direction finding compass market expanded remarkably to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Direction Finding Compass Production in MERCOSUR

In value terms, direction finding compass production expanded markedly to $X in 2022 estimated in export price. In general, production saw a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Direction Finding Compass Exports

Exports in MERCOSUR

Direction finding compass exports reduced markedly to X units in 2022, waning by X% against 2021. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, direction finding compass exports contracted notably to $X in 2022. In general, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Chile dominates exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Brazil (X units), committing an X% share of total exports. Ecuador (X units) and Peru (X units) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the direction finding compasses exports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. By contrast, Ecuador (X%) and Peru (X%) illustrated a downward trend over the same period. Chile (X p.p.), Brazil (X p.p.) and Ecuador (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 MERCOSUR were Brazil ($X), Chile ($X) and Peru ($X), with a combined X% share of total exports.

Brazil, 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

The export price in MERCOSUR stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price, however, showed a significant expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then reduced notably in the following year.

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 Brazil ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

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

Direction Finding Compass Imports

Imports in MERCOSUR

In 2022, direction finding compass imports in MERCOSUR skyrocketed to X units, growing by X% on the previous year. Over the period under review, imports enjoyed a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, direction finding compass imports soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. 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 in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Argentina prevails in imports structure, resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Brazil (X units), making up a X% share of total imports. The following importers - Ecuador (X units), Uruguay (X units), Suriname (X units) and Peru (X units) - together made up X% of total imports.

Imports into Argentina increased at an average annual rate of X% from 2012 to 2022. At the same time, Uruguay (X%), Suriname (X%), Ecuador (X%), Brazil (X%) and Peru (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uruguay increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported direction finding compasses in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

In Brazil, direction finding compass imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell rapidly in the following year.

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 Peru ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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