Belgium: Radar Apparatus Market 2024

Radar Apparatus Market Size in Belgium

The Belgian radar apparatus market fell dramatically to $X in 2022, which is down by -16.6% against the previous year. Overall, consumption recorded a slight reduction. Radar apparatus consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Radar Apparatus Production in Belgium

In value terms, radar apparatus production reduced dramatically to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable decline. The growth pace was the most rapid in 2021 when the production volume increased by 115%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Radar Apparatus Exports

Exports from Belgium

In 2022, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by -22.5% to X units, falling for the fifth consecutive year after two years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 58% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, radar apparatus exports reduced rapidly to $X in 2022. Overall, exports recorded a pronounced downturn. The pace of growth was the most pronounced in 2013 with an increase of 83% against the previous year. 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

Germany (X units), Italy (X units) and France (X units) were the main destinations of radar apparatus exports from Belgium, together comprising 45% of total exports. The UK, the United States, the Netherlands, Japan, the Czech Republic, Spain, Switzerland, Sweden and Luxembourg lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +10.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Belgium, comprising 21% of total exports. The second position in the ranking was taken by France ($X), with a 9.9% share of total exports. It was followed by Japan, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.3% per year) and Japan (+4.7% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, waning by -5.6% against the previous year. In general, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2013 an increase of 31% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Sweden ($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 Japan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Belgium

In 2022, overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by -26% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, radar apparatus imports declined to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of radar apparatus to Belgium, accounting for a 25% share of total imports. Moreover, radar apparatus imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Portugal (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.9% per year) and Portugal (+4.0% per year).

In value terms, Portugal ($X), the Netherlands ($X) and Japan ($X) constituted the largest radar apparatus suppliers to Belgium, together accounting for 48% of total imports. China, Germany, France, Sweden, the UK and Thailand lagged somewhat behind, together comprising a further 33%.

Sweden, with a CAGR of +30.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, with an increase of 21% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 44%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform