The bar charts illustrate the company’s quarterly sales among three regions: North America, Europe and Asia, over a 3-year period from 2018 to 2020.
Overall, sales in Quarter 4 recorded the most substantial growth in North America, Europe, and Asia, compared to Quarters 1, 2, and 3, which experienced comparatively moderate increases across all three regions throughout the period. Additionally, sales in Quarter 4 in Asia remained the highest throughout the period examined.
Regarding the fourth quarter, which saw a significant increase throughout the period, Asia accounted for the largest proportion of sales at the beginning, with approximately 4.14 million US dollars. Subsequently, the figure experienced a consistent increase over two years, and stabilized at 8,280 thousand US dollars by 2020. With regard to North America and Europe, the sales figures for these regions were 2,070 and 3,105 thousand US dollars, respectively, in 2018. Subsequently, they increased steadily over a two-year period, reaching respective sales of 6,210,000 and 7,245,000 US dollars by the end of the period.
Focusing on the remaining groups that demonstrated a more gradual increase, in 2018, North America recorded the lowest sales in the first quarter, with approximately one million US dollars. One year later, the figure increased by a consistent 2 million US dollars, yet remained the lowest among all figures. Regarding Europe and Asia, in the initial phase, sales figures started at $1,500,000 and $2,000,000, respectively, and subsequently increased by $2,000,000 each in 2020. Similarly, an equidistant trend was observed in the second and third quarters. Specifically, sales figures for North America, Europe, and Asia in the second quarter were 1,200,000, 1,800,000, and 2,400,000, respectively, while in the third quarter, the corresponding sales were 1,380,000, 2,070,000, and 2,760,000. By the end of the aforementioned period, sales in the second and third quarters increased by approximately US$2.4 million and US$2.76 million, respectively.