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Sri Lanka - Direction Finding Compasses - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDirection Finding Compass Price in Sri Lanka - 2021
Contents:
- Direction Finding Compass Price in Sri Lanka (CIF) - 2022
- Direction Finding Compass Price in Sri Lanka (FOB) - 2022
- Direction Finding Compass Imports in Sri Lanka
- Direction Finding Compass Exports in Sri Lanka
Direction Finding Compass Price in Sri Lanka (CIF) - 2022
In 2022, the average direction finding compass import price amounted to $10 per unit, leveling off at the previous year. Overall, the import price, however, showed moderate growth. The pace of growth was the most pronounced in 2016 an increase of 93% against the previous year. The import price peaked at $19 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($221 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Direction Finding Compass Price in Sri Lanka (FOB) - 2022
The average direction finding compass export price stood at $13 per unit in 2021, waning by -66.6% against the previous year. In general, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 87%. The export price peaked at $68 per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Seychelles.
From 2012 to 2021, the rate of growth in terms of prices for Seychelles amounted to -68.6% per year.
Direction Finding Compass Imports in Sri Lanka
In 2022, supplies from abroad of direction finding compasses decreased by -70.9% to 21K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 251% against the previous year. As a result, imports reached the peak of 74K units, and then reduced sharply in the following year.
In value terms, direction finding compass imports contracted remarkably to $219K in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 304% against the previous year. Over the period under review, imports hit record highs at $754K in 2021, and then shrank dramatically in the following year.
Import of Direction Finding Compass in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 29.7 | 78.8 | 138 | 65.6 | 30.2% |
Japan | 20.5 | 44.5 | 29.8 | 4.8 | -38.4% |
Denmark | 1.4 | 2.8 | 4.8 | 2.7 | 24.5% |
China | 10.6 | 5.5 | 11.8 | 2.7 | -36.6% |
Germany | 1.5 | 10.6 | 197 | 2.4 | 17.0% |
Others | 36.8 | 264 | 372 | 141 | 56.5% |
Total | 100 | 406 | 754 | 219 | 29.9% |
Top Suppliers of Direction Finding Compass to Sri Lanka in 2022:
- China (18.4K units)
- Japan (0.9K units)
- Finland (0.7K units)
- Germany (0.4K units)
- Denmark (0.3K units)
Direction Finding Compass Exports in Sri Lanka
In 2022, overseas shipments of direction finding compasses decreased by -20% to 589 units, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 4,657% against the previous year. As a result, the exports reached the peak of 6.8K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, direction finding compass exports declined to $8.5K in 2022. Overall, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2020 when exports increased by 2,759%. As a result, the exports attained the peak of $266K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Direction Finding Compass in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Seychelles | N/A | N/A | 0.1 | 0% | |
United Arab Emirates | 3.1 | 0.1 | N/A | -96.8% | |
Others | 6.2 | 266 | 9.4 | 23.1% | |
Total | 9.3 | 266 | 9.5 | 1.1% |
Top Export Markets for Direction Finding Compass from Sri Lanka in 2022:
- Seychelles (736.0 units)
This report provides an in-depth analysis of the direction finding compass market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26511120 - Direction finding compasses (including magnetic, gyroscopic, b innacle and position finding)
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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