South Africa: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in South Africa

In 2022, after two years of growth, there was significant decline in the South African direction finding compass market, when its value decreased by X% to $X. Over the period under review, consumption saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Direction Finding Compass Exports

Exports from South Africa

In 2022, direction finding compass exports from South Africa soared to X units, rising by X% compared with the year before. Over the period under review, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, direction finding compass exports surged to $X in 2022. Overall, exports, however, showed a deep setback. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Namibia (X units), Angola (X units) and Botswana (X units) were the main destinations of direction finding compass exports from South Africa, together accounting for X% of total exports.

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

In value terms, the largest markets for direction finding compass exported from South Africa were Namibia ($X), Angola ($X) and Tanzania ($X), together accounting for X% of total exports.

Angola, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average direction finding compass export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price posted a strong expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Central African Republic ($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 Angola (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Direction Finding Compass Imports

Imports into South Africa

In 2022, supplies from abroad of direction finding compasses decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, direction finding compass imports fell significantly to $X in 2022. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest direction finding compass supplier to South Africa, with a X% share of total imports. Moreover, direction finding compass imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

In value terms, the largest direction finding compass suppliers to South Africa were the United States ($X), China ($X) and Germany ($X), with a combined X% share of total imports. France, Taiwan (Chinese), Finland, Italy and Denmark lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average direction finding compass import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Denmark ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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