Greece: Radar Apparatus Market 2022

Radar Apparatus Market Size in Greece

In 2021, the Greek radar apparatus market increased by 446% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded significant growth. Radar apparatus consumption peaked in 2021 and is expected to retain growth in the immediate term.

Radar Apparatus Exports

Exports from Greece

In 2021, exports of radar apparatus from Greece surged to X tons, growing by 69% compared with 2020 figures. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 404%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, radar apparatus exports stood at $X in 2021. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 4,045% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cyprus (X kg), China (X kg) and Hungary (X kg) were the main destinations of radar apparatus exports from Greece, together comprising 25% of total exports. Albania, Turkey, Marshall Islands, Singapore, Liberia, Nigeria, the United States, South Korea, Egypt and South Africa lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +779.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for radar apparatus exported from Greece were Cyprus ($X), Albania ($X) and Marshall Islands ($X), together accounting for 30% of total exports. These countries were followed by China, Nigeria, South Korea, Singapore, Liberia, South Africa, the United States, Turkey, Egypt and Hungary, which together accounted for a further 41%.

South Korea, with a CAGR of +594.4%, saw 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 kg in 2021, falling by -33.3% against the previous year. Overall, the export price recorded a sharp reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 723% against the previous year. Over the period under review, the average export prices attained the maximum at $X per kg in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Albania ($X per kg), while the average price for exports to Hungary ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+49.5%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Greece

In 2021, supplies from abroad of radar apparatus increased by 370% to X tons, rising for the second year in a row after four years of decline. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, radar apparatus imports surged to $X in 2021. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 5,783% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest radar apparatus supplier to Greece, accounting for a 40% share of total imports. Moreover, radar apparatus imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +126.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and the United Arab Emirates (0.0% per year).

In value terms, the largest radar apparatus suppliers to Greece were Belgium ($X), the United Arab Emirates ($X) and Spain ($X), with a combined 78% share of total imports.

Belgium, with a CAGR of +99.9%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average radar apparatus import price amounted to $X per kg, growing by 67% against the previous year. Over the period under review, the import price, however, saw a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 1,688% against the previous year. As a result, import price reached the peak level of $X per kg. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-11.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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