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China Dominates Global Compass Exports in 2024 Despite Market Decline

China's dominance in compass exports continues, but the market shrinks. Top suppliers remain the US, Germany, and the Netherlands.

In this image in the foreground we see a compass and in the middle there is a water and background...
In this image in the foreground we see a compass and in the middle there is a water and background is cloudy.

China Dominates Global Compass Exports in 2024 Despite Market Decline

China dominated the global exports of driving directions compasses in 2024, accounting for X units and a X% share. Meanwhile, the market size decreased to $X, a X% drop from the previous year.

In 2024, the worldwide export of driving directions compasses reached X units, marking a X% increase from the year before. The top supplying countries were the United States ($X), Germany ($X), and the Netherlands ($X).

The global market for driving directions compasses experienced a relatively flat trend in consumption from 2015 to 2024. Production also followed a similar pattern, falling to $X in 2024. Despite this, exports soared to $X in 2024, although there was a slight downturn overall from 2012 to 2024. Imports also increased significantly, reaching $X in 2024 with a relatively flat trend pattern over the same period. Global imports of driving directions compasses totalled X units in 2024, rising by X% on the year before.

The average export price for driving directions compasses grew to $X per unit in 2024, a X% increase from the previous year.

In 2024, the global driving directions compass market saw a decrease in size but an increase in exports and imports. China led the exports, while the United States, Germany, and the Netherlands were the top supplying countries. Despite a flat consumption trend, the average export price rose significantly.

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