Luxembourg: Radar Apparatus Market 2022

Radar Apparatus Market Size in Luxembourg

For the sixth consecutive year, the Luxembourg radar apparatus market recorded decline in sales value, which decreased by -18.8% to $X in 2021. Over the period under review, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Radar Apparatus Production in Luxembourg

In value terms, radar apparatus production rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a slight reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 856%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Radar Apparatus Exports

Exports from Luxembourg

In 2021, overseas shipments of radar apparatus increased by 35% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of 791%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, radar apparatus exports soared to $X in 2021. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for radar apparatus exports from Luxembourg, accounting for a 96% share of total exports. It was followed by the United States (X kg), with a 2.4% share of total exports. The third position in this ranking was held by France (X kg), with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea amounted to +124.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+54.8% per year) and France (+14.5% per year).

In value terms, South Korea ($X) emerged as the key foreign market for radar apparatus exports from Luxembourg, comprising 98% of total exports. The second position in the ranking was held by the United States ($X), with a 0.7% share of total exports. It was followed by the Netherlands, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +166.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+40.9% per year) and the Netherlands (-34.0% per year).

Export Prices by Country

In 2021, the average radar apparatus export price amounted to $X per ton, increasing by 1,065% against the previous year. Overall, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Belgium ($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 South Korea (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Radar Apparatus Imports

Imports into Luxembourg

In 2021, imports of radar apparatus into Luxembourg contracted significantly to X kg, reducing by -48.4% compared with 2020. Overall, imports showed a deep slump. The growth pace was the most rapid in 2016 when imports increased by 242% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, radar apparatus imports soared to $X in 2021. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 104%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Germany (X kg) constituted the largest supplier of radar apparatus to Luxembourg, with a 61% share of total imports. Moreover, radar apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X kg), fourfold. The third position in this ranking was taken by France (X kg), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.3% per year) and France (+12.3% per year).

In value terms, Germany ($X) constituted the largest supplier of radar apparatus to Luxembourg, comprising 84% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.2% share of total imports. It was followed by the United States, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+21.0% per year) and the United States (-4.3% per year).

Import Prices by Country

In 2021, the average radar apparatus import price amounted to $X per kg, with an increase of 242% against the previous year. In general, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 1,175% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per kg), while the price for France ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+65.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :