Slovakia: Direction Finding Compass Market 2022

Direction Finding Compass Market Size in Slovakia

The Slovak direction finding compass market expanded markedly to $X in 2021, surging by 9.1% against the previous year. In general, consumption posted a significant expansion. Direction finding compass consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Direction Finding Compass Production in Slovakia

In value terms, direction finding compass production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.3% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 35% against the previous year. Direction finding compass production peaked at $X in 2020, and then declined modestly in the following year.

Direction Finding Compass Exports

Exports from Slovakia

Direction finding compass exports from Slovakia shrank notably to X units in 2021, waning by -19.6% on the previous year. Over the period under review, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2020 when exports increased by 130% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, direction finding compass exports fell rapidly to $X in 2021. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 386% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for direction finding compass exports from Slovakia, accounting for a 59% share of total exports. Moreover, direction finding compass exports to the Czech Republic exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was taken by Poland (X units), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+447.1% per year) and Poland (-5.2% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for direction finding compass exports from Slovakia, comprising 47% of total exports. The second position in the ranking was held by Poland ($X), with a 22% share of total exports. It was followed by Spain, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at +66.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+23.2% per year) and Spain (+655.8% per year).

Export Prices by Country

The average direction finding compass export price stood at $X per unit in 2021, dropping by -16.2% against the previous year. Overall, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 142% against the previous year. The export price peaked at $X per unit in 2020, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+48.9%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into Slovakia

In 2021, overseas purchases of direction finding compasses increased by 76% to X units, rising for the second year in a row after four years of decline. Overall, imports, however, showed a deep setback. The growth pace was the most rapid in 2015 with an increase of 954% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, direction finding compass imports soared to $X in 2021. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 1,461%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of direction finding compass imports to Slovakia, together comprising 57% of total imports. These countries were followed by the Netherlands, Austria, the United States, China and Poland, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +89.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of direction finding compass to Slovakia, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.4% per year) and the United States (+26.5% per year).

Import Prices by Country

The average direction finding compass import price stood at $X per unit in 2021, rising by 77% against the previous year. Over the period under review, the import price recorded significant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 83% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+51.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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