Lithuania: Radar Apparatus Market 2024

Radar Apparatus Market Size in Lithuania

After four years of decline, the Lithuanian radar apparatus market increased by X% to $X in 2022. Overall, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Radar Apparatus Production in Lithuania

In value terms, radar apparatus production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a sharp decline. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Radar Apparatus Exports

Exports from Lithuania

In 2022, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, radar apparatus exports amounted to $X in 2022. In general, exports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X units), Latvia (X units) and the UK (X units) were the main destinations of radar apparatus exports from Lithuania, together accounting for X% of total exports. Germany, France, Brazil, Italy, India, Norway, Spain, the Netherlands, Mexico and Singapore lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), the United Arab Emirates ($X) and the UK ($X) constituted the largest markets for radar apparatus exported from Lithuania worldwide, together comprising X% of total exports. Spain, France, Italy, Brazil, the Netherlands, India, Mexico, Norway, Singapore and Latvia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average radar apparatus export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radar apparatus export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Germany ($X per unit), while the average price for exports to Latvia ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Lithuania

In 2022, after three years of growth, there was decline in supplies from abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, when their volume decreased by X% to X units. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then contracted modestly in the following year.

In value terms, radar apparatus imports surged to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units), China (X units) and Germany (X units) were the main suppliers of radar apparatus imports to Lithuania, with a combined X% share of total imports. Latvia, Italy, the Netherlands, the United States, Malaysia, France, Taiwan (Chinese), Denmark, Finland and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest radar apparatus suppliers to Lithuania were the United States ($X), Germany ($X) and China ($X), together accounting for X% of total imports. Latvia, Poland, Malaysia, Italy, Finland, the UK, Denmark, the Netherlands, France and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average radar apparatus import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform