Ireland: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Ireland

The Irish radio navigation apparatus market soared to $X in 2021, surging by 35% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.8% against 2019 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.

Radio Navigation Apparatus Production in Ireland

In value terms, radio navigation apparatus production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 857% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Radio Navigation Apparatus Exports

Exports from Ireland

In 2021, approx. X tons of radio navigational aid apparatus were exported from Ireland; growing by 24% against the previous year's figure. Overall, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 147% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, radio navigation apparatus exports skyrocketed to $X in 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 169% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for radio navigation apparatus exports from Ireland, accounting for a 50% share of total exports. Moreover, radio navigation apparatus exports to the UK exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was taken by the United States (X kg), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+15.5% per year) and the United States (-4.6% per year).

In value terms, the largest markets for radio navigation apparatus exported from Ireland were the UK ($X), the United States ($X) and Australia ($X), with a combined 78% share of total exports. Canada, Belgium, France, Brazil, Spain and Germany lagged somewhat behind, together accounting for a further 14%.

Brazil, with a CAGR of +823.6%, recorded 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

In 2021, the average radio navigation apparatus export price amounted to $X per ton, rising by 10% against the previous year. Overall, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 Brazil (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Ireland

In 2021, approx. X tons of radio navigational aid apparatus were imported into Ireland; surging by 70% against the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 112%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, radio navigation apparatus imports surged to $X in 2021. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when imports increased by 155% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The UK (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of radio navigation apparatus imports to Ireland, with a combined 59% share of total imports. These countries were followed by Norway, the United States, Spain, Taiwan (Chinese) and Italy, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +74.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radio navigation apparatus suppliers to Ireland were the Netherlands ($X), the United States ($X) and the UK ($X), together accounting for 60% of total imports. These countries were followed by China, Norway, Taiwan (Chinese), Spain and Italy, which together accounted for a further 29%.

In terms of the main suppliers, Norway, with a CAGR of +59.7%, saw 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

In 2021, the average radio navigation apparatus import price amounted to $X per ton, waning by -13.7% against the previous year. Over the last nine years, it increased at an average annual rate of +5.6%. The growth pace was the most rapid in 2013 when the average import price increased by 31%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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