Italy: Radar Apparatus Market 2022

Radar Apparatus Market Size in Italy

The Italian radar apparatus market dropped modestly to $X in 2021, waning by -2.7% against the previous year. In general, consumption saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Radar Apparatus Production in Italy

In value terms, radar apparatus production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 832%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Radar Apparatus Exports

Exports from Italy

In 2021, the amount of radar apparatus exported from Italy surged to X tons, with an increase of 65% compared with 2020. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 137%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, radar apparatus exports skyrocketed to $X in 2021. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 182%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Sweden (X tons), Egypt (X tons) and the UK (X tons) were the main destinations of radar apparatus exports from Italy, together accounting for 61% of total exports. Pakistan, the Netherlands, Bangladesh, Saudi Arabia, Qatar, Spain, France, Turkmenistan, Switzerland and Thailand lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkmenistan (with a CAGR of +587.1%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Egypt ($X) and Qatar ($X) were the largest markets for radar apparatus exported from Italy worldwide, with a combined 55% share of total exports. Turkmenistan, Spain, Pakistan, Sweden, Switzerland, Bangladesh, France, Saudi Arabia, the Netherlands and Thailand lagged somewhat behind, together comprising a further 36%.

Turkmenistan, with a CAGR of +510.4%, saw the highest growth rate of the value of exports, in terms of 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 ton in 2021, growing by 8.6% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 35% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while the average price for exports to Sweden ($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 Pakistan (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Italy

In 2021, overseas purchases of radar apparatus increased by 73% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, radar apparatus imports skyrocketed to $X in 2021. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 135% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The UK (X tons), the Netherlands (X tons) and Hungary (X tons) were the main suppliers of radar apparatus imports to Italy, with a combined 57% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +301.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of radar apparatus to Italy, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by the United States, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.7% per year) and the United States (+11.2% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per ton in 2021, increasing by 18% against the previous year. In general, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 100% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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