Greece: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Greece

In 2021, the Greek radio navigation apparatus market increased by 197% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Radio Navigation Apparatus Exports

Exports from Greece

Radio navigation apparatus exports from Greece soared to X tons in 2021, increasing by 26% on 2020 figures. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 307% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, radio navigation apparatus exports skyrocketed to $X in 2021. Overall, exports enjoyed a moderate expansion. The pace of growth was the most pronounced in 2017 with an increase of 182% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Germany (X tons) and Singapore (X tons) were the main destinations of radio navigation apparatus exports from Greece, with a combined 39% share of total exports. These countries were followed by Panama, Japan, Liberia, Bahamas, Marshall Islands, the United States, South Korea, Malta, Cyprus and South Africa, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Bahamas (with a CAGR of +149.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and the United States ($X) appeared to be the largest markets for radio navigation apparatus exported from Greece worldwide, with a combined 31% share of total exports. Germany, Panama, Cyprus, South Africa, Malta, Bahamas, Liberia, South Korea, Japan and Marshall Islands lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, Bahamas, with a CAGR of +88.3%, saw 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 average radio navigation apparatus export price amounted to $X per ton, falling by -6.8% against the previous year. In general, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+2.3%), while the prices for the other major destinations experienced a decline.

Radio Navigation Apparatus Imports

Imports into Greece

In 2021, overseas purchases of radio navigational aid apparatus were finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a abrupt decrease. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, radio navigation apparatus imports surged to $X in 2021. Overall, imports, however, saw a pronounced contraction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of radio navigation apparatus to Greece, with a 59% share of total imports. Moreover, radio navigation apparatus imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Lithuania (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.4% per year) and Lithuania (+36.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of radio navigational aid apparatus to Greece, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.5% per year) and Italy (+4.6% per year).

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, which is down by -13.6% against the previous year. In general, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 57% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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