Hungary: Radar Apparatus Market 2025

Radar Apparatus Market Size in Hungary

In 2022, the Hungarian radar apparatus market decreased by -16.2% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a deep downturn. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Radar Apparatus Production in Hungary

In value terms, radar apparatus production surged to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 159% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports from Hungary

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were exported from Hungary; growing by 27% on 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 228% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, radar apparatus exports skyrocketed to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 168% 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

Germany (X units), Slovakia (X units) and the Netherlands (X units) were the main destinations of radar apparatus exports from Hungary, with a combined 68% share of total exports. Luxembourg, the Czech Republic, France, Spain, the United States, Austria, the UK, Finland and Belgium lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +1,272.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Hungary, comprising 43% of total exports. The second position in the ranking was held by Slovakia ($X), with an 18% share of total exports. It was followed by Luxembourg, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +58.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+71.4% per year) and Luxembourg (+710.7% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, waning by -6.9% against the previous year. Over the period under review, the export price, however, posted a modest expansion. The growth pace was the most rapid in 2016 when the average export price increased by 425%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 the United States ($X per unit), while the average price for exports to France ($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 the United States (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Hungary

In 2022, purchases abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by 26% to X units, rising for the third consecutive year after four years of decline. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 152% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, radar apparatus imports reduced modestly to $X in 2022. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 135%. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest supplier of radar apparatus to Hungary, with a 48% share of total imports. Moreover, radar apparatus imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, India (X units), threefold. Poland (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled +116.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+206.3% per year) and Poland (+104.9% per year).

In value terms, India ($X), the Czech Republic ($X) and Poland ($X) constituted the largest radar apparatus suppliers to Hungary, together comprising 79% of total imports.

Among the main suppliers, India, with a CAGR of +243.0%, 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, falling by -23.1% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 76% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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