Czech Republic: Direction Finding Compass Market 2024

Direction Finding Compass Market Size in the Czech Republic

The Czech direction finding compass market fell to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption showed a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Direction Finding Compass Production in the Czech Republic

In value terms, direction finding compass production declined modestly to $X in 2023 estimated in export price. Over the period under review, production saw a abrupt shrinkage. The pace of growth was the most pronounced in 2022 when the production volume increased by X% against the previous year. Direction finding compass production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Direction Finding Compass Exports

Exports from the Czech Republic

In 2023, exports of direction finding compasses from the Czech Republic soared to X units, jumping by X% on 2022 figures. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in the near future.

In value terms, direction finding compass exports skyrocketed to $X in 2023. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for direction finding compass exports from the Czech Republic, with a X% share of total exports. Moreover, direction finding compass exports to Germany exceeded the volume sent to the second major destination, Greece (X units), twofold. The third position in this ranking was taken by Bulgaria (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Bulgaria (X% per year).

In value terms, Germany ($X) remains the key foreign market for direction finding compasses exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Spain (X% per year).

Export Prices by Country

In 2023, the average direction finding compass export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Direction Finding Compass Imports

Imports into the Czech Republic

In 2023, purchases abroad of direction finding compasses decreased by X% to X units for the first time since 2011, thus ending a eleven-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, direction finding compass imports surged to $X in 2023. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Finland (X units) and the United States (X units) were the main suppliers of direction finding compass imports to the Czech Republic, together comprising X% of total imports.

From 2020 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) constituted the largest supplier of direction finding compasses to the Czech Republic, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2020 to 2023, the average annual growth rate of value from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average direction finding compass import price amounted to $X per unit, picking up by X% against the previous year. Overall, import price indicated prominent growth from 2020 to 2023: its price increased at an average annual rate of X% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform