Latvia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Latvia

The Latvian radar apparatus market was estimated at $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a deep slump. Radar apparatus consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Radar Apparatus Production in Latvia

In value terms, radar apparatus production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Radar Apparatus Exports

Exports from Latvia

In 2022, exports of radar apparatus, radio navigational aid apparatus and radio remote control apparatus from Latvia skyrocketed to X units, growing by X% against 2021 figures. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports soared to $X in 2022. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Lithuania (X units) was the main destination for radar apparatus exports from Latvia, with a X% share of total exports. Moreover, radar apparatus exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), fivefold. Ukraine (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Ukraine (X% per year).

In value terms, the largest markets for radar apparatus exported from Latvia were Russia ($X), Lithuania ($X) and Estonia ($X), with a combined X% share of total exports. The United States, Ukraine, the Czech Republic and Sweden lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, 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 2022, the average radar apparatus export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, showed a deep contraction. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Sweden ($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 Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Radar Apparatus Imports

Imports into Latvia

In 2022, radar apparatus imports into Latvia skyrocketed to X units, jumping by X% against the previous year's figure. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, radar apparatus imports surged to $X in 2022. Overall, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X units), Italy (X units) and Germany (X units) were the main suppliers of radar apparatus imports to Latvia, together comprising X% of total imports. China, Lithuania, the Czech Republic, the Netherlands, Finland, Hungary, Hong Kong SAR, Estonia, the UK and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to Latvia, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, saw a mild setback. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a 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 the United States ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform