Direction Finding Compass Market in China
Market Overview
The Chinese direction finding compass market reduced modestly to $
in , approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a significant increase. Over the period under review, the market reached the maximum level at $ in 2016; however, from 2017 to , consumption remained at a lower figure.
In value terms, direction finding compass production reduced modestly to $ in estimated in export price. In general, production, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Direction finding compass production peaked at $ in 2015; however, from 2016 to , production failed to regain momentum.
in , approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a significant increase. Over the period under review, the market reached the maximum level at $ in 2016; however, from 2017 to , consumption remained at a lower figure.In value terms, direction finding compass production reduced modestly to $
in estimated in export price. In general, production, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Direction finding compass production peaked at $ in 2015; however, from 2016 to , production failed to regain momentum.Consumption
In , approx. units of direction finding compasses were consumed in China; surging by % compared with the previous year. Overall, consumption saw resilient growth. Direction finding compass consumption peaked in and is likely to continue growth in the immediate term.
The value of the direction finding compass market in China expanded sharply to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant increase. Over the period under review, the market reached the peak level in and is expected to retain growth in years to come.
, approx. units of direction finding compasses were consumed in China; surging by % compared with the previous year. Overall, consumption saw resilient growth. Direction finding compass consumption peaked in and is likely to continue growth in the immediate term.The value of the direction finding compass market in China expanded sharply to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant increase. Over the period under review, the market reached the peak level in and is expected to retain growth in years to come.Market Forecast
Driven by increasing demand for direction finding compasses in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total direction finding compass consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China direction finding compass market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the China direction finding compass market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
China remains a net exporter of direction finding compass; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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