Eastern Asia: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in Eastern Asia

The East Asian direction finding compass market shrank modestly to $X in 2023, remaining relatively unchanged against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Direction Finding Compass Production in Eastern Asia

In value terms, direction finding compass production shrank to $X in 2023 estimated in export price. Overall, production showed a abrupt decrease. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Direction Finding Compass Exports

Exports in Eastern Asia

In 2023, overseas shipments of direction finding compasses decreased by X% to X units, falling for the sixth consecutive year after two years of growth. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, direction finding compass exports skyrocketed to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Hong Kong SAR (X units) represented the largest exporter of direction finding compasses, committing X% of total exports. China (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%) and Taiwan (Chinese) (X%).

From 2012 to 2023, average annual rates of growth with regard to direction finding compass exports from Hong Kong SAR stood at X%. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) and China (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), Taiwan (Chinese) (X p.p.) and China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, the largest direction finding compass supplying countries in Eastern Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of 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

The export price in Eastern Asia stood at $X per unit in 2023, increasing by X% against the previous year. In general, the export price recorded significant growth. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Direction Finding Compass Imports

Imports in Eastern Asia

In 2023, supplies from abroad of direction finding compasses decreased by X% to X units, falling for the tenth consecutive year after two years of growth. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, direction finding compass imports soared to $X in 2023. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), South Korea (X units), Japan (X units) and China (X units) represented roughly X% of total imports in 2023. It was distantly followed by Hong Kong SAR (X units), making up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported direction finding compasses in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

In China, direction finding compass imports plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price showed a resilient increase. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform