Eastern Europe: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Eastern Europe

In 2021, after two years of decline, there was significant growth in the East European radio navigation apparatus market, when its value increased by 5.4% to $X. Overall, consumption, however, saw a pronounced descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Radio Navigation Apparatus Production in Eastern Europe

In value terms, radio navigation apparatus production fell to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 46% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Radio Navigation Apparatus Exports

Exports in Eastern Europe

In 2021, approx. X tons of radio navigational aid apparatus were exported in Eastern Europe; picking up by 32% compared with the previous year. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 123%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, radio navigation apparatus exports surged to $X in 2021. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Hungary (X tons) and Poland (X tons) prevails in exports structure, together generating 83% of total exports. It was distantly followed by Lithuania (X tons), achieving a 7.2% share of total exports. The Czech Republic (X tons), Russia (X tons) and Slovakia (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +54.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest radio navigation apparatus supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and Lithuania ($X), together accounting for 83% of total exports.

Poland, with a CAGR of +55.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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, rising by 16% against the previous year. In general, the export price, however, showed a abrupt setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+3.1%), while the other leaders experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports in Eastern Europe

In 2021, after three years of decline, there was significant growth in purchases abroad of radio navigational aid apparatus, when their volume increased by 26% to X tons. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% 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 2016 when imports increased by 27% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, radio navigation apparatus imports skyrocketed to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 40% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the six major importers of radio navigational aid apparatus, namely Hungary, Poland, Slovakia, Romania, Russia and the Czech Republic, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radio navigation apparatus importing markets in Eastern Europe were Russia ($X), Hungary ($X) and the Czech Republic ($X), with a combined 62% share of total imports.

Hungary, with a CAGR of +18.7%, recorded the highest rates of growth with regard to 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

The import price in Eastern Europe stood at $X per ton in 2021, flattening at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 when the import price increased by 11% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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