Scandinavia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Scandinavia

In 2022, the Scandinavia radar apparatus market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Radar Apparatus Production in Scandinavia

In value terms, radar apparatus production stood at $X in 2022 estimated in export price. Overall, production showed a mild downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Radar Apparatus Exports

Exports in Scandinavia

In 2022, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the second year in a row after two years of decline. Total exports indicated notable growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Sweden (X units) was the major exporter of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, generating X% of total exports. Finland (X units) ranks second in terms of the total exports with a X% share, followed by Norway (X%).

From 2012 to 2022, average annual rates of growth with regard to radar apparatus exports from Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest radar apparatus supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at X%. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, standing approx. at the previous year. In general, the export price, however, showed a slight slump. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced a decline in the export price figures.

Radar Apparatus Imports

Imports in Scandinavia

Radar apparatus imports reduced to X units in 2022, waning by X% against the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then fell in the following year.

In value terms, radar apparatus imports contracted to $X in 2022. Total imports indicated a tangible expansion 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, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sweden was the major importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Norway (X units) and Finland (X units), together generating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, approximately reflecting the previous year. Overall, the import price recorded a pronounced contraction. The growth pace was the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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