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The 2007 Import and Export Market for Direction-Finding Compasses and Navigational Instruments and Appliances in United Kingdom

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Description

On the demand side, exporters and strategic planners focusing on direction-finding compasses and navigational
instruments and appliances in United Kingdom face a number of questions. Which countries are supplying direction-finding
compasses and navigational instruments and appliances to United Kingdom? How important is United Kingdom compared to
others in terms of the entire global and regional market? How much do the imports of direction-finding compasses and
navigational instruments and appliances vary from one country of origin to another in United Kingdom? On the supply
side, United Kingdom also exports direction-finding compasses and navigational instruments and appliances. Which
countries receive the most exports from United Kingdom? How are these exports concentrated across buyers? What is the
value of these exports and which countries are the largest buyers? This report was created for strategic planners,
international marketing executives and import/export managers who are concerned with the market for direction-finding
compasses and navigational instruments and appliances in United Kingdom. With the globalization of this market, managers
can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear
several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the
market for direction-finding compasses and navigational instruments and appliances for those countries serving United
Kingdom via exports, or supplying from United Kingdom via imports. It does so for the current year based on a variety of
key historical indicators and econometric models. In what follows, Chapter 2 begins by summarizing where United Kingdom
fits into the world market for imported and exported direction-finding compasses and navigational instruments and
appliances. The total level of imports and exports on a worldwide basis, and those for United Kingdom in particular, is
estimated using a model which aggregates across over 150 key country markets and projects these to the current year.
From there, each country represents a percent of the world market. This market is served from a number of competitive
countries of origin. Based on both demand- and supply-side dynamics, market shares by country of origin are then
calculated across each country market destination. These shares lead to a volume of import and export values for each
country and are aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood estimates
of both the value of each market and the share that United Kingdom is likely to receive this year. From these figures,
rankings are calculated to allow managers to prioritize United Kingdom compared to other major country markets. In this
way, all the figures provided in this report are forecasts that can be combined with internal information sources for
strategic planning purposes.

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