Belgium: Radar Apparatus Market 2024

Radar Apparatus Market Size in Belgium

The Belgian radar apparatus market declined modestly to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a perceptible decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Radar Apparatus Production in Belgium

In value terms, radar apparatus production shrank to $X in 2022 estimated in export price. In general, production recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Radar Apparatus Exports

Exports from Belgium

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were exported from Belgium; rising by X% against 2021. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, radar apparatus exports dropped rapidly to $X in 2022. Overall, exports, however, saw a mild shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and Italy (X units) were the main destinations of radar apparatus exports from Belgium, together accounting for X% of total exports. The Netherlands, Sweden, the UK, Spain, Hungary, Austria and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the United States ($X) appeared to be the largest markets for radar apparatus exported from Belgium worldwide, with a combined X% share of total exports. Italy, the Netherlands, the UK, Spain, Sweden, Austria and Hungary lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of 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

The average radar apparatus export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Radar Apparatus Imports

Imports into Belgium

In 2022, supplies from abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the seventh consecutive year after three years of decline. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, radar apparatus imports declined slightly to $X in 2022. Overall, total imports indicated slight growth 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 growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of radar apparatus to Belgium, accounting for a X% share of total imports. Moreover, radar apparatus imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, the largest radar apparatus suppliers to Belgium were Portugal ($X), China ($X) and the Netherlands ($X), together accounting for X% of total imports.

In terms of the main suppliers, Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average radar apparatus import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 Portugal ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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