South Asia's Direction Finding Compass Market Mixed in 2024
The South Asian direction maps market witnessed a mixed performance in 2024. While imports showed a moderate expansion, exports experienced a rapid decline. The market reached $X, growing by X% from the previous year.
Direction finding compass production in South Asia rose swiftly to $X in 2024, maintaining a relatively flat trend overall. The pace of growth was particularly rapid in 2015, increasing by X% year-on-year. Meanwhile, consumption showed a relatively flat trend pattern from 2016 to 2024.
India, the largest importer, saw a steady increase in import volumes, while Bangladesh experienced moderate fluctuations but overall growth. India's exports also grew significantly, representing more than two-thirds of total exports in the region, with a CAGR of X% from 2012 to 2024. However, exports in South Asia as a whole decreased by X% to X units in 2024, marking the third consecutive year of decline after five years of growth.
In 2024, South Asia imported X units of direction finding compasses, an increase of X% compared to 2023. Despite the decline in exports, the market's value reached $X, indicating resilience in the face of changing trade dynamics.
