U.S.: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in the U.S.

The U.S. direction finding compass market rose markedly to $X in 2022, picking up by X% against the previous year. Overall, consumption saw buoyant growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Direction Finding Compass Production in the U.S.

In value terms, direction finding compass production rose notably to $X in 2022. Overall, production continues to indicate a strong expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Direction finding compass 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 from the U.S.

In 2022, approx. X units of direction finding compasses were exported from the United States; which is down by X% against the previous year. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, direction finding compass exports dropped significantly to $X in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X units), Italy (X units) and Germany (X units) were the main destinations of direction finding compass exports from the United States, together accounting for X% of total exports. India, China, the Netherlands, Taiwan (Chinese), Turkey, South Korea, the UK, Singapore, Mexico and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), Taiwan (Chinese) ($X) and Germany ($X) were the largest markets for direction finding compass exported from the United States worldwide, together comprising X% of total exports. South Korea, China, Italy, the UK, India, Turkey, Mexico, Singapore, Australia and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable slump. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 Taiwan (Chinese) ($X per unit), while the average price for exports to the Netherlands ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into the U.S.

In 2022, imports of direction finding compasses into the United States dropped notably to X units, which is down by X% against the previous year's figure. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, direction finding compass imports reduced to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of direction finding compass imports to the United States, with a combined X% share of total imports. The UK, Mexico, France and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X), the UK ($X) and Japan ($X) appeared to be the largest direction finding compass suppliers to the United States, with a combined X% share of total imports.

In terms of the main suppliers, France, 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 more modest paces of growth.

Import Prices by Country

The average direction finding compass import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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