Eastern Europe: Radar Apparatus Market 2022

Radar Apparatus Market Size in Eastern Europe

The East European radar apparatus market skyrocketed to $X in 2021, picking up by 26% against the previous year. In general, consumption, however, continues to indicate a abrupt descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Radar Apparatus Production in Eastern Europe

In value terms, radar apparatus production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced shrinkage. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Radar Apparatus Exports

Exports in Eastern Europe

In 2021, approx. X tons of radar apparatus were exported in Eastern Europe; with an increase of 3.4% on the previous year. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 275%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports soared to $X in 2021. Over the period under review, exports showed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 111% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Hungary (X tons) was the main exporter of radar apparatus, generating 48% of total exports. Russia (X tons) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Ukraine (8.7%), the Czech Republic (5.2%) and Lithuania (5%). Poland (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lithuania (with a CAGR of +110.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus supplying countries in Eastern Europe were Russia ($X), Hungary ($X) and the Czech Republic ($X), with a combined 91% share of total exports. These countries were followed by Lithuania, Ukraine and Poland, which together accounted for a further 8.1%.

In terms of the main exporting countries, Lithuania, with a CAGR of +106.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, with an increase of 41% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 63% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+9.1%), while the other leaders experienced more modest paces of growth.

Radar Apparatus Imports

Imports in Eastern Europe

In 2021, imports of radar apparatus in Eastern Europe skyrocketed to X tons, with an increase of 49% compared with the previous year's figure. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 172% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, radar apparatus imports declined to $X in 2021. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 41% against the previous year. The level of import peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Hungary (X tons), distantly followed by Slovakia (X tons), the Czech Republic (X tons), Poland (X tons), Ukraine (X tons) and Russia (X tons) were the key importers of radar apparatus, together mixing up 94% of total imports. Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +45.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus importing markets in Eastern Europe were Hungary ($X), Slovakia ($X) and Russia ($X), with a combined 61% share of total imports.

Slovakia, with a CAGR of +37.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, dropping by -43% against the previous year. In general, the import price recorded a abrupt descent. The growth pace was the most rapid in 2020 when the import price increased by 165%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+8.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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