Greece: Radar Apparatus Market 2024

Radar Apparatus Market Size in Greece

The Greek radar apparatus market reduced modestly to $X in 2022, dropping by -3.5% against the previous year. Over the period under review, consumption recorded a perceptible setback. Radar apparatus consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Radar Apparatus Production in Greece

In value terms, radar apparatus production reduced slightly to $X in 2022 estimated in export price. In general, production saw a noticeable contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Radar Apparatus Exports

Exports from Greece

After two years of growth, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by -22% to X units in 2022. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 76% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped sharply in the following year.

In value terms, radar apparatus exports shrank remarkably to $X in 2022. Over the period under review, exports, however, posted a pronounced expansion. The growth pace was the most rapid in 2017 when exports increased by 86% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X units), Bulgaria (X units) and Germany (X units) were the main destinations of radar apparatus exports from Greece, with a combined 46% share of total exports. Switzerland, Belgium, Hungary, the United States, Liberia, Cyprus and China lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +599.6%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) emerged as the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Greece, comprising 18% of total exports. The second position in the ranking was held by Bulgaria ($X), with an 8.9% share of total exports. It was followed by Belgium, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+4.7% per year) and Belgium (+63.3% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, rising by 7.4% against the previous year. Overall, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 25%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Hungary ($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 China (-2.9%), while the prices for the other major destinations experienced a decline.

Radar Apparatus Imports

Imports into Greece

In 2022, overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by -12.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 261% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, radar apparatus imports fell significantly to $X in 2022. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2015 when imports increased by 913% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and France (X units) were the main suppliers of radar apparatus imports to Greece, with a combined 84% share of total imports. The Netherlands, Spain, Japan, Germany and the UK lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +28.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Italy ($X) constituted the largest radar apparatus suppliers to Greece, together accounting for 62% of total imports. France, Spain, Germany, Japan and the UK lagged somewhat behind, together comprising a further 23%.

Spain, with a CAGR of +34.3%, recorded 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 2022, the average radar apparatus import price amounted to $X per unit, dropping by -14.2% against the previous year. Overall, the import price showed a slight downturn. The most prominent rate of growth was recorded in 2015 an increase of 181%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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