South-Eastern Asia: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in South-Eastern Asia

The Southeast Asian direction finding compass market rose markedly to $X in 2022, with an increase of X% against the previous year. In general, consumption posted a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Direction Finding Compass Production in South-Eastern Asia

In value terms, direction finding compass production rose significantly to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Direction Finding Compass Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of direction finding compasses increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, direction finding compass exports surged to $X in 2022. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Myanmar (X units) and Singapore (X units) were the main exporters of direction finding compasses in 2022, resulting at near X% and X% of total exports, respectively. It was distantly followed by Indonesia (X units), constituting an X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X) remains the largest direction finding compass supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Myanmar (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per unit in 2021, and then contracted dramatically 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 Singapore ($X per unit), while Myanmar (less than $X per unit) was amongst the lowest.

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

Direction Finding Compass Imports

Imports in South-Eastern Asia

In 2022, the amount of direction finding compasses imported in South-Eastern Asia declined notably to X units, shrinking by X% on the year before. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, direction finding compass imports dropped to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Indonesia (X units) was the key importer of direction finding compasses, making up X% of total imports. Singapore (X units) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%), Vietnam (X%) and Thailand (X%). The Philippines (X units) followed a long way behind the leaders.

Imports into Indonesia decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Malaysia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Singapore increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported direction finding compasses in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Singapore, direction finding compass imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, surging by X% against the previous year. In general, the import price recorded a notable increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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