Austria: Radar Apparatus Market 2024

Radar Apparatus Market Size in Austria

In 2022, the Austrian radar apparatus market decreased by X% to $X, falling for the second year in a row after seven years of growth. In general, consumption, however, posted a notable increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Radar Apparatus Production in Austria

In value terms, radar apparatus production expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Radar Apparatus Exports

Exports from Austria

For the eleventh year in a row, Austria recorded growth in shipments abroad of radar apparatus, which increased by X% to X units in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, radar apparatus exports skyrocketed to $X in 2022. Overall, exports saw tangible growth. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X units) was the main destination for radar apparatus exports from Austria, accounting for a X% share of total exports. Moreover, radar apparatus exports to the UK exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was held by Greece (X units), with a X% share.

From 2020 to 2022, the average annual growth rate of volume to the UK totaled X.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Greece (X% per year).

In value terms, the largest markets for radar apparatus exported from Austria were the UK ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports.

The UK, with a CAGR of X.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price saw resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Austria

Radar apparatus imports into Austria dropped dramatically to X units in 2022, which is down by X% against 2021 figures. Overall, imports continue to indicate a sharp slump. The smallest decline of X% was in 2021. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, radar apparatus imports shrank markedly to $X in 2022. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), the United States (X units) and Belgium (X units) were the main suppliers of radar apparatus imports to Austria, with a combined X% share of total imports.

From 2020 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of radar apparatus to Austria, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Belgium, with an X% share.

From 2020 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Belgium (X% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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