Estonia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Estonia

In 2022, the Estonian radar apparatus market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw resilient growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Radar Apparatus Production in Estonia

In value terms, radar apparatus production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. Radar apparatus production peaked in 2022 and is expected to retain growth in the near future.

Radar Apparatus Exports

Exports from Estonia

Radar apparatus exports from Estonia reached X units in 2022, picking up by X% on 2021 figures. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, radar apparatus exports surged to $X in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Sweden (X units) was the main destination for radar apparatus exports from Estonia, with a X% share of total exports. It was followed by the Netherlands (X units), with a X% share of total exports. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, Sweden ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for radar apparatus exported from Estonia worldwide, with a combined X% share of total exports. Greece and Latvia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Greece, with a CAGR of X%, 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 2022, the average radar apparatus export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Sweden ($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 Latvia (X%), while the prices for the other major destinations experienced a decline.

Radar Apparatus Imports

Imports into Estonia

In 2022, overseas purchases 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. In general, imports recorded a mild increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, radar apparatus imports soared to $X in 2022. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Finland (X units) and Sweden (X units) were the main suppliers of radar apparatus imports to Estonia, with a combined X% share of total imports.

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

In value terms, Thailand ($X), Sweden ($X) and Germany ($X) appeared to be the largest radar apparatus suppliers to Estonia, together comprising X% of total imports.

Among the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of 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, jumping by X% against the previous year. Over the period under review, the import price recorded strong growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked 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 Thailand ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform